The position is responsible for developing, implementing, administering, and maintaining all aspects of the BSA/AML Compliance Program.
The position ensures the program functions at a high level of compliance with the BSA/AML related laws and regulations and internal policies.
Coordinates and executes an effective risk-based, AML Compliance Program in compliance with current industry best practices, regulatory guidance and requirements Develops and administers the AML transaction monitoring systems to ensure appropriate parameters are in place to identify suspicious transactions and activity Develop an effective AML surveillance reporting program including a program to identify and detect suspicious transactions Administer the AML training program for management and all associates and provide detailed guidance on the AML program as well as related firmwide policies and procedures.
Establishes an effective global sanctions monitoring program including OFAC and other relevant jurisdictions Conducts periodic risk assessments with considerations to customers, products, services, members and geographies that may present AML risks Provides strategic direction to the AML team (which could include operational, analytical or risk management components) that monitor and analyze trends, patterns, and external factors impacting firm’s money laundering risk.
Manages a team of AML Compliance Analysts Responds to periodic examinations/audits by Client, SEC and independent firms Performs other duties as required and assigned