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Deputy BSA Officer

  • Location: New York, NY
  • Job Type: Direct Placement
  • Ref No: 18-06492
  • Date: October 11, 2018
  • Job title:

 

 

Darina Naumova

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Job Description - Deputy BSA Officer

The NY Branch of a foreign bank is looking for a Deputy BSA Officer. The Deputy BSA Officer is responsible to oversee adherence of the Branch's operation to applicable state and federal laws and regulations with particular attention to BSA/AML/OFAC policies and procedures.

  1. Responsibilities
  • Review and update the Branch's BSA/AML/OFAC program, which includes an annual risk assessment, policies, procedures and practices to ensure compliance with laws and regulations.
  • Monitor and stay abreast of changes to federal and state banking laws and regulations affecting the management and operation of the Branch, with particular attention to the BSA/AML/OFAC regulations and laws.
  • Coordinate, supervise, and support establishment of the BSA/AML/OFAC compliance training, compliance testing and internal and external reporting as required by the Branch's compliance program.
  • Consult with and advises operating business functions and managers affected by BSA/AML/OFAC compliance issues and regulatory requirements.
  1. Skills and Abilities Required
  • Must understand and keep abreast of local, state, and federal banking laws and regulations to comply with regulatory requirements.
  • Ability to prioritize, execute and evaluate compliance programs that suits the Branch operation and risk profile. 
  • Must have proficient and experienced communication skills to properly communicate with branch employees and regulatory authorities.
  • Understanding of the related internal/external regulations and policies, including the Branch's BSA/AML/OFAC/Cybersecurity policies.
  1. Reports To: General Manager (administratively) and H/O Compliance Officer



 

1.1.Assistant Compliance Manager

 

  1. General Summary

The Assistant Compliance Manager is responsible for assisting the Compliance Officer to oversee adherence of the Branch's operation to applicable state and federal laws and regulations with particular attention to BSA/AML/OFAC policies and procedures.

  1. Responsibilities
  • Assist the Compliance Officer in reviewing and updating the Branch's BSA/AML/OFAC program, which includes an annual risk assessment, policies, and procedures and practices to ensure compliance with laws and regulations.
  • Monitor and stay abreast of changes to federal and state banking laws and regulations affecting the management and operation of the Branch, with particular attention to the BSA/AML/OFAC regulations and laws.
  • Serve as a liaison with the Compliance Officer for the branch's external audits and head office communication.
  • Assist the Compliance Officer in responding to regulatory requests and federal and state examinations.
  • Coordinate and assist with the branch's BSA/AML/OFAC compliance training.
  • Special ad-hoc projects as assigned by the Compliance Officer and General Manager.

 

  1. Skills and Abilities Required

 

  • Must understand and keep abreast of local, state, and federal banking laws and regulations to comply with regulatory requirements.
  • Understanding of the related internal/external regulation and policies, including the Branch's BSA/AML/OFAC/Cybersecurity policies.
  • Must have proficient and experienced communication skills to properly communicate with branch employees and regulatory authorities.
  • Must be able to prioritize and manage tasks in a timely manner.



 




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