Senior Compliance Officer AML

Job Title: Prepaid AML Compliance Officer

Department: Compliance
Reports to: VP Sr.

Compliance Officer
Date Written/Revised: June 2015

JOB SUMMARY:
Under the direction of the VP Sr.

Compliance Officer, the Prepaid Compliance Officer coordinates, maintains, and documents supervision activities for the Prepaid Access Program.

The Prepaid Compliance Officer will further develop and strengthen the Bank’s AML program for the Merchant Services & Payment Division and support the Bank’s overall AML/Sanctions program addressing risk and regulatory expectations in the context of the Bank’s business environment.

The position will participate in efforts to standardize and enhance the AML/Sanctions program, while developing and implementing plans to execute against regulatory milestones.

ESSENTIAL FUNCTIONS & ACCOUNTABILITIES
Perform Compliance Annual Risk Assessment to identify key areas of risk and need for control enhancement; develop and execute an Annual Compliance Plan to address the findings;
Maintain internal policies and procedures to ensure that they are clearly written, comprehensive, provide effective controls, and address compliance with applicable regulations e.g.

UDAAP, Reg.

E and Card Act 2009
Analysis and implementation of relevant changes in state and federal laws and regulations;
Develop and execute periodic comprehensive, risk based compliance monitoring and surveillance for prepaid programs.
Conduct compliance testing plan covering key compliance risks related to AML/OFAC and prepaid card areas.
Work with VP Senior Compliance Officer to remediate audit findings.
Assists in the development, maintenance, and distribution of AML training to program managers, Board of Directors and staff.
Reviews system generated reports of detection scenarios from card holder activity to identify and resolve incidents that appear to be indicative of money laundering.
Conducts DD and EDD monthly, quarterly, and annually filings as necessary to ensure compliance with applicable law
Perform special projects, reviews and other duties as assigned.
Processing site visit results to include analysis and follow up on remediation and reporting to BSA/AML Compliance Manager
Researching batch reports for OFAC alerts and documenting the research
Filing of Compliance Related documents including electronic and hard copy filing
Daily monitoring of anti-money laundering alerts Research and due diligence on alerts to be forwarded to second level to determine if SARs need to be filed
QUALIFICATIONS:
CAMS Certified MANDATORY
BA/BS Degree.
Seven-plus years of AML/BSA experience at a retail banking/financial services institution.
Ability to understand and interpret regulations, laws, and statutes; Strong research skills In
– depth knowledge and understanding of compliance practices and methodologies, including risk assessment, best practice control alternatives, monitoring/surveillance, and testing activities
Strong knowledge of federal and state regulations related to payment services (e.g., working knowledge of VISA and MasterCard operating rules).
Experience with regulatory agencies, including knowledge of FFIEC audit requirements, preferred.
Demonstrated ability to manage multiple demands and priorities.

Excellent communication (both written and verbal) skills.

Extensive knowledge of Bank Secrecy Act, USA Patriot Act, Money Laundering Control Act, Office of Foreign Asset Control regulations, strategies and enforcement policies, familiarity with key banking regulations and interpretations, knowledge of bank laws and operations, risk assessment and analysis.
Job Type: Full-time

Pay: $150,000.00 per year

Experience:
Compliance, RETAIL Banking Experience all necessary.: 8 years (Required)
Education:
Bachelor’s (Required)
Location:
New York, NY 10019 (Required)

The post Senior Compliance Officer – AML first appeared on Trabajos 4 You.

from
https://trabajos4younyc.com/other-general/senior-compliance-officer-aml-04c745/

from
https://trabajos4younyc.weebly.com/blog/senior-compliance-officer-aml