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VP BSA, AML & Sanctions Officer

New York, NY 10038 US

Posted: 11/16/18 Employment Type: Direct Hire Industry: AML Manager, BSA Manager, COMPLIANCE, Chief BSA Officer, OFAC Manager Job Number: 12456

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VP BSA, AML & Sanctions Officer

Reports to GC/CCO

Responsible for managing the compliance risk management efforts and ensuring the appropriate governance over BSA/AML and Sanctions.

Responsibilities:   Maintain and ensure that the Financial Institution has risk-based policies, procedures and controls designed to ensure compliance with all applicable BSA/AML and Sanctions laws and regulations.

  Manage all interaction with regulatory or other government bodies as it pertains to BSA/AML and Sanctions compliance activities.

  Perform annual BSA/AML and Sanctions risk assessments and modify when needed, such as the addition of new products, services or identified risks.

  Ensure the financial institution has a Transaction Monitoring and Filtering Program that is consistent with the provisions of the NYS Department of Financial Services Section 504.

  Identify and document any potential weaknesses or gaps in the   transaction monitoring program and identify and document appropriate remediation.

Work with the Information Technology (IT) department to ensure testing is performed on new systems or enhancements to existing systems for transaction monitoring and sanctions screening software.

Oversee supervision of the day-to-day BAU of the Investigators and Analysts, with respect to compliance with Transaction Monitoring procedures and prepayment alerts.

Oversee management and monitoring of the Customer Information Program (CIP).

Responsible for oversight of any KYC-related matters,

Review, approve and oversee filing of regulatory reports, including but not limited to CTRs, SARs, OFAC Blocked Property reports; OFAC reject and blocking letters; OFAC Voluntary Self Disclosure letters; and OFAC Annual Required Reporting as appropriate.

  Ensure that SARs & CTRs are completed and electronically filed with FinCEN on a timely basis.

  Oversee execution process to ensure prompt response to 314(a) and 314(b) requests.

Coordinate and administrate an up-to-date training program to ensure that all appropriate   employees receive required BSA and OFAC compliance training.

  Coordinate independent testing and review of the BSA/AML and OFAC Compliance Program, and the testing and validation of the automated systems utilized in the BSA/AML and OFAC Compliance Program.

Manage all third-party systems used by the BSA Unit for the BSA/AML and OFAC Compliance Program.

Ensure that Senior Management and Board receive training and are knowledgeable about applicable US regulations, and compliance policies and procedures.

Requirements Bachelor? s Degree, Masters Degree or Juris Doctor Degree preferred.   CAMS or similar equivalent certification. Minimum 10+ years of experience in BSA/AML and Sanctions at a financial institution, of which at least 3 years in a senior compliance managerial role.   Strong knowledge of   bank products and services.? Excellent interpersonal and communication skills.
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Len Adams

Len Adams is Chief Executive Officer and Founder of Adams Consulting Group/ACG Resources. He has a 40-year record of achievement in meeting the Talent Acquisition (Executive Search, Staffing and Consulting) needs of many prestigious corporations, software companies, banks, and financial services institutions – locally, nationally and internationally. Along with the entire team, Len is committed to ensuring that ACG consistently provides clients and candidates with the highest quality of service possible in the Search and Staffing Industry. As a career Certified Personnel Consultant, previously with The KPA Group/Kling Personnel, Adams is an accomplished lecturer at the university and secondary school levels on various subjects relating to career planning, business ethics, recruiting and personnel consulting. Various publications including The New York Times, American Banker, and the National Business Employment Weekly, often quote Adams as a noted authority on compensation levels in the financial services industry. Past Chair, Human Resource Committee, International Financial Services Association (formerly USCIB) Founding Member/President, International Business Group, Inc. Past Member of Board of Directors, Association of Personnel Consultants of New York Past Chair, Human Resource Committee, APCNY BPS Business, Pace University of New York (Concentration in Management/Law/Marketing) Member, American Staffing Association and National Association of Personnel Services
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