Job description




Business type



Types of Jobs - Compliance / Financial Security




Job title



US Analyst - AML / OFAC Compliance Officer




Contract type



Fixed-Term Contract




Term (in months)



24




Management position



No




Job summary




Summary:



This position is placed within the Advisory group of the Financial Security team. The position's main responsibilities are centered on the following: reviewing and validating high risk KYC files, and providing AML and/or sanctions related guidance to the Bank's staff on proposed transactions. He/she is expected to have knowledge of current anti-money laundering regulations, policies and requirements as per the Bank Secrecy Act, and the USA Patriot Act.




Key Responsibilities:

• Assist to review and validate of High Risk KYC files to ensure completeness and compliance with Bank policies and Regulatory Requirements.


• Assist to review and issue regulatory guidance to Bank staff on proposed activities and transactions.


• Review daily transactions to ensure that all activity is in compliance w/ current BSA/AML regulatory standards.


• Review Sanction and PEP alerts.


• Assist with the analysis of updates in regulations and/or policies to ensure that the Bank is compliant with US regulations, as well as the Bank's policies and procedures.


• Assist with the implementation of any new requirements that come as a result of new regulations or policies and procedures.


• Assist to provide guidance to Front Office and Support staff on AML specific queries concerning proposed customers and/or transactions.


• Assist with analysis of data for the Bank's BSA/AML and OFAC Risk Assessments.

Salary Range:



$80K



#LI-DNI




Supplementary Information




Management and Reporting:



The position reports directly to the Head of the Financial Security Advisory Team




Key Internal Contacts:



The employee will most likely interact on a regular basis with the Client On Boarding group, Front Office personnel, Head Office Compliance personnel, and IT support.




Key External Contacts:



The employee may have occasion to interact with external auditors and/or regulators during exams.




Position location




Geographical area



America, United States Of America




City



NEW YORK




Candidate criteria




Minimal education level



Bachelor Degree / BSc Degree or equivalent




Technical skills required




Specialist Training Desirable:

• CAMS Certification

Competencies Essential:

• Knowledge of International AML and Sanctions regulations

Competencies Desired:

• Knowledge of US AML and OFAC regulations

Skills & Knowledge Essential:

• Knowledge of Microsoft applications

Skills & Knowledge Desired:

• IT Knowledge of Payment systems


• IT Knowledge of AML tools

Languages



English