BSA Assistant Vice President/Vice President_

New York

BSA Assistant Vice President/Vice President

Our client, one of the world's largest banks is currently seeking a BSA Assistant Vice President/Vice President.

The BSA Officer is responsible for the implementation and administration of all aspects of the Bank's compliance program pertaining to the Bank Secrecy Act ("BSA"), USA PATRIOT Act, Anti-Money Laundering ("AML"), Counter-Terrorism Financing ("CTF"), and OFAC and other sanctions compliance to ensure that the CBC's compliance efforts are maintained pursuant to industry standard, regulatory guidance, and internal policies daily. The incumbent plays an integral role for managing the CBC's BSA/AML/OFAC/CTF and other illicit financial activity risks while aligning with the Bank's BSA/AML/OFAC Compliance Program, Risk Governance Framework, and regulatory requirements. The incumbent assists the Deputy Chief BSA Officer and Head of FLU BSA/AML and Compliance Oversight, and CBC to ensure the compliance program runs effectively.

**Responsibilities**

Include but are not limited to:

**Implement BSA/AML/OFAC Compliance Program in Front Line Unit**

+ Manage CBC's day-to-day adherence to the BSA/AML/OFAC/Sanctions/CTF and their implementing regulations and internal policies and procedures.

+ Provide subject matter expertise to establishing risk mitigating controls commensurate with BSA/AML/OFAC/Sanctions/CTF and other illicit financial activity risk profiles.

+ Maintain, update, and communicate department compliance procedures as necessary to ensure the processes and practices in conformance with the illicit financial activity risk profiles.

+ Maintain open communication with CBC staff through keeping them informed of regulatory updates, changes in internal policies and procedures and others emerging compliance risks.

+ Deliver compliance related training to staff tailored to the business units' BSA/AML/OFAC/Sanctions risks, and staff members' specific functions/ positions.

+ Develop appropriate corrective actions to address internal/external findings and compliance related issues/recommendations and ensure the timely resolution.

+ Regularly update Legal & Compliance management on the status of ongoing compliance with the BSA/AML/CTF, and OFAC and other sanctions.

+ Promptly escalate compliance issues as necessary to relevant teams & personnel

+ Proactively support the compliance efforts and initiatives, such as regulatory change management processes, risk assessment processes, new product/activity risk assessment and compliance technology/system implementations, among others

**Front Office Tasks**

+ Perform semi-annual quality assurance on CBC's new customers, periodic reviews, and triggered event if any.

+ Perform quality assurance on CBC's transactional alerts generated in the Mantas system.

+ Perform quality assurance on Monthly Compliance Metrics Report and prepare Monthly Compliance Review Summary

+ Perform quality assurance for preliminary name screening for prospect clients, and name screening for parties for short-term financing.

+ Maintain and update customer control questionnaire in the Risk Assessment Engine

+ Conduct annual compliance training for CBC staff and provide recommendation for prospective clients.

**Other**

+ Maintain adequate knowledge of applicable regulations, industry best practices and products, services, customer base, geographic locations, and associated compliance risks.

+ Provide support and compliance input in Bank-wide initiatives such as annual regulatory compliance inventory review, etc.

+ Maintain open and transparent relationship with regulators and demonstrate ability to undertake the BSA compliance officer's role independent from the business line.

**Qualifications**

+ Bachelor's degree required, master's degree preferred.

+ Minimum 8 years of BSA/AML/OFAC compliance and risk management experience within financial services at the VP level

+ Demonstrate sound knowledge of US Banking regulations, including BSA/AML/OFAC/Sanctions/CTF, as well as ability to identify KYC/AML/Sanctions and transactional red flags.

+ Demonstrate knowledge of commodities and pre-export financing, structured Letters of Credit discount, borrowing base financing, syndicated and bilateral financing CAMS certification preferred.

**Pay Range**

**Actual salary is commensurate with candidate's relevant years of experience, skillset, education, and other qualifications.**

Salary: $65K -$230K.

Benefits: Medical, Dental, Life, ST & LT Disability, 401K w/Match

If you are qualified and interested, please click **APPLY NOW** and upload your most current resume or you may email your resume to our recruiter, **Shirell Chatman** [email protected]. If you have any questions, feel free to call 717.461.7065. Please include the job title in the subject line of your email.

**Pay Details:** $65,000.00 to $230,000.00 per year

Equal Opportunity Employer/Veterans/Disabled

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The Company will consider qualified applicants with arrest and conviction records subject to federal contractor requirements and/or security clearance requirements.