Compliance - US Bank Secrecy Act; BSA Officer NY

Compliance - US Bank Secrecy Act (BSA) Officer - New York

Location

New York

Business Area

Legal, Compliance, and Risk

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Bloomberg’s Legal, Compliance & Risk Department plays a critical role in supporting our businesses and operations around the world. We move quickly and thoughtfully to help address a variety of complex legal issues that come with being the world’s leading financial news and information company. Our team is made up of talented and hardworking professionals who think creatively and work collaboratively in an open environment to deliver results, drive innovation, and solve difficult problems.

We are committed to a workplace where all of our employees can thrive regardless of background, and where everyone feels empowered to make an impact. We also recognize the importance of giving back to our communities, as evidenced by our award‑winning pro bono program!

The global Anti‑Money Laundering (“AML”) Compliance team within Bloomberg’s Legal, Compliance & Risk Department provides AML coverage for Bloomberg's regulated entities and products, as well as support for Bloomberg’s non‑regulated products and services. We work to address regulatory issues, ensure compliance with current/developing AML rules and regulations, and correspond with regulators. Bloomberg has regulated activities that include regulated trading venues, electronic trading services, and other regulated offerings globally.

Being part of the global AML team and reporting directly to the global Head of AML Compliance, this is a great opportunity to be responsible for developing, implementing and administering all aspects of the AML compliance programs for the Americas. The BSA AML Officer will be responsible for ensuring compliance with all relevant legal and/or regulatory requirements for AML.

As the BSA AML Officer, you will oversee all AML/BSA programs and requirements across the Americas region and assist the global AML team in implementing Bloomberg’s AML and KYC programs. The role involves close partnership with Bloomberg’s global KYC team as well as local Compliance teams. You will support the continued growth of the AML team and function as it expands to meet and support business requirements of the regulated entities within the Bloomberg group.

The ideal candidate will demonstrate strong working knowledge of current AML/CFT regulatory requirements and relevant financial industry know-how concerning customer due diligence standards.

• Lead and expand the AML compliance programs for the Americas and partnering closely with the AMERICAs head of KYC to enhance customer due diligence processes.
• Act as the regional subject matter expert on BSA / AML matters, proactively identifying and assessing key AML risk factors tied to clients, products or business lines.
• Direct and execute comprehensive risk assessments to determine BSA/AML and other financial crime risk exposures, collaborating with other Compliance teams to design and implement effective controls and monitoring strategies.
• Maintain and apply deep expertise in AML requirements, including applicable regulations in the U.S., Canada and Latin America to ensure that the programs remain current and effective.
• Shape and oversee the design, implementation and ongoing support for Bloomberg’s preferred KYC CLM technology solution within the AMERICAs BSA / AML programs.
• Evaluate complex matters and provide guidance to management, escalating material risks or issues promptly and effectively.
• Track and interpret evolving AML laws, regulations, and enforcement trends, integrating insights into policy and program updates.
• Assist with regulatory examinations and audits, including gathering requested information and developing and coordinating responses to such reviews as necessary.
• Design, coordinate, and facilitate training to educate Bloomberg personnel (including the Board of Directors and senior stakeholder groups) about BSA related compliance requirements and procedures.
• Oversee and manage exceptions and escalations (including PEPs, sanctions, and adverse news) as part of new client onboarding and periodic reviews.
• Direct and…