AML Compliance Officer, VP

New York, NY

Posted: 01/18/2019 Industry: IT Consulting Job Number: 11777646

The Firm is looking for an individual who has extensive knowledge of the BSA/Patriot Act and financial crimes. The role will primarily be responsible of managing and maintaining the organization's obligations as it relates to the supervision and reporting of money laundering activities.

Responsibilities include but are not limited to:
  • Provide assistance in preparing for impending regulatory changes or revisions to policies
  • Handle the management and execution of second line monitoring and assessment program for Anti-Money Laundering Compliance
  • Improve and maintain AML policies and procedures
  • Aid in the improvement of tools to monitor, analyze, and report suspicious activity
  • Handle file reviews of suspicious activity to ensure compliance with the policies and procedures put in place
  • Identify and inform of any changes to legislation and other regulatory requirements relating to AML
  • Aid in the design, development, and implementation of a risk assessment framework to support all customer interactions
  • Ensure consistent and timely feedback on cases that have been escalated
  • Provide relevant compliance reporting to ensure the completion and proper analysis of suspicious activity reports that have been conducted
  • Ensure detailed and prompt investigation of all AML incidents and cases
  • Manage the resolution of cases through internal and external communications
  • Help with identifying any AML loopholes and coordinating projects to bridge those gaps
  • Maintain a proper register of all incidents reported internally and externally
  • Develop and execute face-to-face training for staff in various business units as required
  • Aid in general compliance awareness and refresher training
    Skill & Education Requirements:
    - at least 5-10 years experience working in AML Compliance and / or Financial Crimes
    -Strong understanding of USA Patriot ACT, BSA and other AML rules and regulations
    -CAMS certification is required
    -Experience developing and implementing compliance programs
    - Exceptional analytical and investigative skills
    -Superior written and verbal skills in order to communicate with fellow staff
    - Team player with the ability to work unsupervised
    -Must be able to adapt to working in a fast-paced environment
    - Strong organization skills and attention to detail
    -Law degree a plus

Nick LaPetina

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