Chief Compliance Officer - Financial Services

Chief Compliance Officer

The Chief Compliance Officer oversees the day-to-day BSA/AML responsibilities within the Compliance Department, and is accountable for the Department's performance as a whole. Responsibilities will include but are not limited to:

• Creating and maintaining a comprehensive Compliance Program featuring an AML/KYC Policy, a Risk Assessment, Training, and Independent Testing
• Keeping compliant with all applicable regulations
• Regularly reading about new regulations in relevant jurisdictions and adjusting the Program accordingly
• Managing employees and setting KPIs/deadlines
• Automating the Department's manual tasks
• Reviewing and investigating alerts/high risk accounts, identifying suspicious activity, and performing enhanced due diligence on customers and accounts
• Interpreting company's policy/procedures pertaining to compliance and BSA/AML/OFAC, keeping up to date on regulations, and ensuring timely reporting of all activity

Duties of the position will include, but are not limited to:

• Acting as a resource to all coworkers with regards to understanding compliance requirements and how they affect products and services
• Conducting enhanced due diligence for customers at on-boarding and periodically throughout the duration of the relationship
• Making sure new account registrations comply with relevant laws, rules and regulations
• Assisting with or conducting transaction testing, data validation, and ongoing customization of monitoring systems
• Conducting comprehensive investigation reviews of customers by utilizing KYC information, occupation, line of business, income sources, and transaction activity as identified by the Risk Assessment/system platform triggers
• Utilizing data to research and build a case for suspicious activity
• Identifying high risk activity, relationships, and accounts based on KYC tiers
• Assisting in preparation for internal audits or bank partner examinations
• Reviewing and contributing to compliance training materials for staff.
• Participating in meetings with coworkers to identify gaps within current practices, and then rectifying the process to assure regulatory compliance
• Reviewing and making recommendations for policies and procedures to meet current regulatory expectations and assisting in making updates as regulatory changes occur
• Conducting research and data collection for the completion of compliance requirements for new products and services

Required experience:

• 10+ years of experience with Compliance and Regulatory Leadership in the financial services space
• Extensive knowledge and experience with compliance regulations including but not limited to Bank Secrecy Act & Anti-Money Laundering (BSA/AML), Patriot Act (CIP), Treasury Office of Foreign Assets Control (OFAC), and FinCEN advisory guidelines regarding Know Your Customer (KYC)/Enhanced Due Diligence (EDD)
• Bachelor's Degree

Preferred experience:

• CAMS
• ACFCS