Compliance Officer, AVP Bank Secrecy Act - BSA - AML - FinCen - OFAC - KYC Regulatory Compliance Department
New York, NY - USA Easy access from New York or New Jersey
Major International Bank
Specific Monitoring Responsibilities:
OFAC Checking, FinCEN Checking, Required “Know Your Customer” due diligence
Performs Politically Exposed Person (PEP) checks on Related Parties of the Customer
Conducts Section 311 checks, sending any required Section 311 notices to customers, counterparties, and sub-custodians
Complete and update Custody-Customer Profile/Regulatory Compliance Checklists for new or existing Customers; Verify accuracy of documentation for Customer Identification Program
Verify that all account opening regulatory requirements are satisfied
Review daily reports on the variances from established threshold amounts concerning sources of all new custodial assets
Review daily reports on the activities and holdings in Medium High,High & designated Medium Risk
Checks all banks, counterparties, brokers, SWIFT messages, securities, custody accounts, subaccounts, third party advisers, vendors and employees against OFAC/FinCEN list.
Review for accuracy and update BSA Risk Matrices and the Custody Customer Profiles/ Regulatory Compliance Checklists; Test newly generated “KYC” reports developed by IT
Assist IT with related technology Compliance system upgrade projects as needed Reviews BSA Questionnaires for Foreign Financial Institution Custodial Customers, and BSA Questionnaires for Sub-custodians, as required
Participate in changes of existing thresholds, monthly
Reconcile BSA Compliance Officer’s data with Custody Administration Dept. monthly Coordinates with BPP obtaining completed BSA/AML Questionnaires from FFI customers
Verify accuracy of documentation regarding Information from Third Party Investment Managers/Advisers with Authority to Instruct concerning custodial accounts
Works closely with members of the Legal Department, and the Internal Auditor to continually work to improve the Bank’s existing program
Works closely with all relevant departments of the Bank to ensure compliance by those departments with their regulatory BSA/AML responsibilities, including in connection with account opening and monitoring.
Stays current with legal and regulatory changes as they relate to BSA/AML requirements.
5-7 years of Bank Compliance experience in BSA / AML laws and regulations (FinCen, OFAC, KYC)
Excellent communication and interpersonal skills
Excellent Excel / Access/ Word skills
Helene Crocitto Filcro Financial Staffing 521 Fifth Avenue New York, NY 10175