Madison-Davis
EXTERNAL CLIENT ROLE
Position Responsibilities:
Enhance and manage the Branch’s compliance program, with emphasis on BSA/OFAC. Conduct testing and risk assessment, process sanctions screening and transaction monitoring, provide reporting, conduct training and draft policies and procedures.
- Enhance and manage the Branch’s compliance program with emphasis on BSA/OFAC; perform gap analysis and validation of all AML/OFAC areas of the bank and conduct independent assessments of the NY branch’s compliance program, successfully developing/implementing corrective action plans.
- Manage all steps involved in AML/OFAC compliance monitoring and testing; testing and validating AML system value / volume thresholds, sanction confidence scores, WA on closed AML/OFAC investigations.
- Process sanctions screening and transaction monitoring.
- Provide consistent reporting of findings.
- Conduct and oversee AML/OFAC training for other compliance team members.
- Create, review, revise/draft various AML and OFAC related policies and procedures; working directly with group heads to enhance and improve AML and OFAC-related areas of group manuals
Position Requirements:
- 5-10 years experience in commercial banking compliance.
- Subject matter expertise in AML and sanctions.
- Bachelor’s degree.
- Excellent writing and interpersonal skills.
- Proficiency in Microsoft Office Suite, including Excel.