Compliance Officer- Consumer AML Advisory, Long Island City

Compliance Officer- Consumer AML Advisory
Title: Compliance Officer- Consumer AML Advisory
Location: NY-Long Island City
This position for the compliance officer is to provide advisory guidance across the business, compliance, and operation units in accordance to the BSA , US PATRIOT Act, US Treasury AML guidelines and OFAC requirements.
Specific responsibilities include:
- Conduct targeted reviews on customer, account, and transactions to identify potential complex money laundering schemes.
- Review customer cases and associated investigations, document the investigations, and provide initial recommendations.
- Ensure appropriate collection and analysis of documents to obtain an understanding of the client and identify unusual transaction patterns
- Follow up with additional Point(s) of Contact (POC) as needed to identify additional information in support of the review
- Compile supporting documentation, analytics and documenting review findings for Compliance and Business management review.
- Reviewing and escalating significant AML/Sanctions issues and activities to senior management;
- Developing, implementing, enhancing and in some cases drafting relevant AML/Sanctions programs and procedures for the consumer and cards businesses;
- Reviewing and assessing new products and services for AML risk with business units;
- Maintaining sufficient understanding of the products and services to recognize AML opportunities and leverage aspects of overall compliance programs;
- Understanding and monitoring the legal and regulatory environment through various methods to provide up-to-date knowledge and expertise on the legal and regulatory environment relevant to AML compliance and the retail bank;
- Participating in Business and Compliance committees or working groups as appropriate.
- 5 years of experience in consumer banking compliance, legal or other control-related function in the financial services industry;
- Significant knowledge and expertise of AML and Sanctions regulations, risks and typologies;
- Experience in the design and implementation of AML programs;
- Experience in producing and/or designing standard, cross category reporting packages for AML metrics;
- Experience with and previous exposure to internal control functions and regulators within the US, and in particular banking and AML regulators;
- Experience with a regulatory body a plus;
- Bachelors Degree required, Advanced degree (JD,MBA) preferred
- An ability to lead and influence people across cultures at a senior level using sound judgment, successful execution of strategies; and with an understanding of how to operate effectively across diverse businesses; and
- Excellent written and verbal communication and analytical skills;
Location: Long Island City
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Ad ID: 176481140  Compliance Officer- Consumer AML Advisory, Long Island City
Ad ID: 176481140
Long Island City, USA
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