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ING Hubs Poland · 1 day ago

Director - Compliance Officer (DFS 504)

New York

Full-time

Hybrid

Senior Level, Lead/Staff

$216K/yr - $273K/yr

10+ years exp

ING Financial Services LLC is a leading financial institution offering a range of innovative financial products and services. They are seeking a highly experienced Compliance Officer to lead efforts in implementing and managing a NYDFS 504 compliant transaction monitoring and sanctions screening program.

AppsInformation TechnologyPaaSSoftware

Responsibilities

Work with 1st Line and consultants on the development and implementation of 504 compliant programs for transaction monitoring and filtering, including build-out of automated systems, creation of risk views/alert definitions, system tuning, etc

Ensure policies and procedures are in place to prevent transactions with sanctioned entities and identify potential BSA/AML violations

Document all policies and procedures related to transaction monitoring and filtering

Manage and update procedures for transaction monitoring and filtering programs including alert handling, threshold tuning, and periodic assessments

Participate in annual risk assessments and mapping of risks to transaction monitoring program elements. This includes identifying applicable money laundering typologies (i.e., red flags) related to products and services, as well as controls that mitigate risks (e.g., automated detection scenario, manual monitoring, KYC)

Evaluate the adequacy of board and management oversight of transaction monitoring and filtering programs programs

Work with 1st line and consultants to conduct and document end-to-end and pre- and post-implementation testing of transaction monitoring and filtering programs

Review governance, data mapping, transaction coding, detection scenario logic, model validation, data input, and program output

Facilitate the preparation and submission of the required annual certification to DFS and ensure compliance with the 3 NYCRR 504 regulations

Maintain records demonstrating compliance with Part 504 requirements

Participate in SAR drafting and internal reporting process

Assist in identifying and addressing compliance issues and irregularities

Answer employee and company leader questions about compliance issues

Update company records for compliance-related data

Liaise with regulators and central teams/service providers for matters related to transaction monitoring and filtering programs

Familiarity with the specific requirements of DFS Part 504, including transaction monitoring, filtering (watchlist screening), model validation, and data governance

Understanding of the annual resolution by the board of directors or compliance findings by the Chief Compliance Officer

Experience with Bank Secrecy Act (BSA)/Anti-money Laundering (AML) and Office of Foreign Assets Control (OFAC) regulations

Qualification

DFS 504 complianceTransaction monitoringSanctions screeningCertified Anti-Money Laundering SpecialistBank Secrecy ActAnti-money LaunderingModel validationAnalytical skillsProblem-solving skillsDecision-making skillsCommunicationInterpersonal skillsTeamwork

Required

Bachelor's degree preferred

Professional certification such as Certified Anti-Money Laundering Specialist (CAMS), Certified Global Sanctions Specialist (CGSS) preferred. These certifications must be obtained as part of the job if not already qualified

Prior experience in working with bank payment systems

Minimum of 10 years of experience in compliance, with a focus on AML and sanctions screening

In-depth knowledge of DFS504 regulations and other relevant compliance requirements

Strong analytical, problem-solving, and decision-making skills

Excellent communication and interpersonal skills

Ability to work independently and as part of a team