Associate, Compliance - New York
: Job Details :

Responsibilities:

• To assist both the Head, Compliance and Executive, Compliance to monitor the Branch s compliance with local laws, regulations, guidelines and standards, as well as Head Office requirements through the implementation of the Branch s Compliance Plan, strategies and initiatives.
• To provide assistance to Branch and Head Office regarding compliance-related issues in the absence of Head, Compliance or Executive, Compliance.
• To perform due diligence for possibly suspicious cases and/or alerts raised in Branch s Anti-Money Laundering system.
• Conduct bi-weekly and other ad-hoc searches upon notification by FinCEN.
• Prepare and e-file Suspicious Activity reports to the relevant regulatory authority upon Head of Compliance request.
• Upon notification from Group Compliance, as and when they update the Global Country Risk Rating , update internal AML /CFT Country Risk matrix within AML Transaction Monitoring system and the CRR template.
• Assist with managing NY Branch s OFAC sanctions filtering process within Sanctions screening system and review all suspected messages generated by the filters, as well as check all applicable files (Customer List, Board of Directors, SWIFT Payees, Demand Deposit Account Signatories, Beneficial Owners-Shareholders, Beneficial Owners-Control Persons lists, vendors and associated persons, parties on inward checks, and employees) for possible positive matches on Dow Jones.
• To perform other additional tasks as needed.

Requirements:

• Bachelor s degree and/or post graduate degrees.
• At least 1-3 years solid experience in Compliance at a financial institution with specific work experience in BSA/AML, OFAC, Sanctions, KYC/CDD/EDD, SAR;
• Experience with drafting policies & procedures; and experience conducting Compliance reviews.
• Knowledge of Compliance Systems e.g. RTO Transaction Monitoring Systems, MTS OFAC Sanctions Filtering Systems, Dow Jones and Microsoft Office.
• Knowledge of AML investigative processes, Suspicious Activity Reporting requirements, USA PATRIOT Act, Bank Secrecy Act, Department of the Treasury OFAC regulations, Global Sanctions, FinCEN regulations, Federal Reserve Bank of New York and New York Department of Financial Services laws and regulations that are pertinent to the Branch.
• Ability to interpret and keep abreast of changes in the local regulatory landscape, assist Head, Compliance, and contribute to their implementation within the Branch.
• Strong analytical skills; consistent sound judgment; good team player.
• Ability to work independently and with minimal supervision i.e. excellent follow through and attention to detail.
• Ability to multi-task and meet challenging deadlines.
• Excellent written and verbal communication skills.