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Assistant Compliance Manager (AML Investigations/SARS)

New York, NY 10004 US

Posted: 01/20/19 Employment Type: Direct Hire Industry: AML Manager, AML Transaction Analyst, Compliance Manager, Compliance Officer Job Number: 12609
Chat with me now! - https://flashrecruit.com/jobs/566913


Primary functions

 

 Responsible for completing money laundering and fraud related alert and case investigations, and writing quality investigative narratives, and Suspicious Activity Reports (SAR), at the direction of Transaction Monitoring Compliance Manager, or Money Laundering Officer

 

Act as a Subject Matter Expert in all applicable areas of BSA/AML/PATRIOT ACT, as pertains to the operation of the NY Branch, while extending best effort to mitigate BSA/AML/TF risks associated with clearing USD payments on behalf of foreign correspondent financial institutions, including, but not limited to processing electronic wire transfers from/to high risk geographical jurisdictions, trade finance transactions, cash letter and draft collections.

 

Ensure implementation/compliance to various regulations and guidelines that are issued by local and national BSA/AML regulatory authorities (FED and NYSDFS), Internal Audit, external consulting firms retained by the Branch, Quality Control and Quality Assurance teams.

 

Adhere to, and assist in enhancing of Standard Operating Procedures (SOP), other applicable HO guidelines / procedures at branch level, in support of TM Compliance Manager.

 

Pro-actively escalate critical issues (compliance/regulatory) to TM Compliance Manager, Branch Management and AML Committee.

 

 Execute proactive BSA/AML/TF monitoring of all Branch product lines in accordance with best practices, industry standards and regulatory rules and guidelines at the direction of TM Compliance Manager.

 

Periodically conduct risk based review of trade transactions to monitor compliance with BSA/AML and Anti-boycott laws as per BSA/AML, when assigned by TM Compliance Manager.

 

Being prepared to perform the function of TM Manager Compliance in his/her absence.

 

Evaluate, train and motivate the Branch staff to enhance their skills and knowledge of anti-money laundering compliance and other related regulatory matters. Document and record details of trainings provided/attended.

 

Conduct special investigation on the request from TM Compliance Manager.

 

 

Ensure all regulatory recommendation/observations that are raised in periodic examinations are regularized in timely manner; in case of need matter should be escalated to TM Compliance Manager/Senior Management.

 

When assigned by TM Compliance Manager, ensure that all statutory reports and/or request for information received from regulators are handled in timely manner.

 

Perform additional tasks / Conduct Compliance related investigations as required, identifying any issues / concerns and report findings/recommendations for corrective action as required.

 

 

5-7 Years Experience in Banking(Foreign preferred).  Correspondent banking experience.  Strong AML Investigator/SAR Writing skills.

 Primary functions

 

Responsible for completing money laundering and fraud related alert and case investigations, and writing quality investigative narratives, and Suspicious Activity Reports (SAR), at the direction of Transaction Monitoring Compliance Manager, or Money Laundering Officer

 

Act as a Subject Matter Expert in all applicable areas of BSA/AML/PATRIOT ACT, as pertains to the operation of the NY Branch, while extending best effort to mitigate BSA/AML/TF risks associated with clearing USD payments on behalf of foreign correspondent financial institutions, including, but not limited to processing electronic wire transfers from/to high risk geographical jurisdictions, trade finance transactions, cash letter and draft collections.

 

Ensure implementation/compliance to various regulations and guidelines that are issued by local and national BSA/AML regulatory authorities (FED and NYSDFS), Internal Audit, external consulting firms retained by the Branch, Quality Control and Quality Assurance teams.

 

Adhere to, and assist in enhancing of Standard Operating Procedures (SOP), other applicable HO guidelines / procedures at branch level, in support of TM Compliance Manager.

 

Pro-actively escalate critical issues (compliance/regulatory) to TM Compliance Manager, Branch Management and AML Committee.

 

Execute proactive BSA/AML/TF monitoring of all Branch product lines in accordance with best practices, industry standards and regulatory rules and guidelines at the direction of TM Compliance Manager.

 

Periodically conduct risk based review of trade transactions to monitor compliance with BSA/AML and Anti-boycott laws as per BSA/AML, when assigned by TM Compliance Manager.

 

Being prepared to perform the function of TM Manager Compliance in his/her absence.

 

Evaluate, train and motivate the Branch staff to enhance their skills and knowledge of anti-money laundering compliance and other related regulatory matters. Document and record details of trainings provided/attended.

 

Conduct special investigation on the request from TM Compliance Manager.

 

 

Ensure all regulatory recommendation/observations that are raised in periodic examinations are regularized in timely manner; in case of need matter should be escalated to TM Compliance Manager/Senior Management.

 

When assigned by TM Compliance Manager, ensure that all statutory reports and/or request for information received from regulators are handled in timely manner.

 

Perform additional tasks / Conduct Compliance related investigations as required, identifying any issues / concerns and report findings/recommendations for corrective action as required.

 

 

5-7 Years Experience in Banking(Foreign preferred).  Correspondent banking experience.  Strong AML Investigator/SAR Writing skills.

 


Chat with me now! - https://flashrecruit.com/jobs/566913

Matt Eidlen
VP

Matthew Eidlen has more than 10 years of recruitment and temporary staffing experience. He is a graduate of The College of Staten Island/City University of New York with a major in Economics and Marketing. He has developed an expertise in recruiting talent in the areas of compliance, mortgage services, litigation support, and all areas of operations and risk. He provides both temporary and direct hire recruitment services. He provides temporary staffing and permanent recruiting services to our expanding client base.
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