ACG Resources – Adams Consulting Group · 1 day ago
15121FD AVP/VP BSA Officer (Banking)
Flushing, NY, US
Full-time
Onsite
Mid, Senior Level
$65K/yr - $200K/yr
4+ years expACG Resources – Adams Consulting Group is seeking an AVP/VP BSA Officer in the banking sector. The role involves implementing and managing the BSA/AML/OFAC Compliance Program while ensuring adherence to regulations and providing training and support to staff.
Human ResourcesRecruitingStaffing Agency
Responsibilities
Implement BSA/AML/OFAC Compliance Program in the Front Line Unit
Manage the QNB’s day-to-day adherence to the BSA/AML/CTF/OFAC Sanctions and their implementing regulations, as well as internal policies and procedures
Provide subject matter expertise to guide QNB in establishing risk-mitigating controls commensurate with the branch’s BSA/AML/CTF/OFAC Sanctions and other illicit financial activity risk profiles, while maintaining independence
Deliver compliance related training to staff tailored to the business units’ BSA/AML/CTF/OFAC Sanctions risks, and staff members’ specific functions roles or responsibilities
Collaborate with business units to develop appropriate corrective actions addressing internal/external findings and compliance related issues/observations/exceptions/recommendations, ensuring timely resolution by projected target dates
Regularly update LCD Management and senior management on ongoing compliance with BSA/AML/CTF, and OFAC, and other sanctions regulations
Proactively support the regulatory change management processes impacting the branch, conduct impact analysis while taking into consideration of the Bank and branch’s risk profile (e.g., products, services, customers, and geographic locations, delivery channels etc.). Enhance process and controls based on the new regulatory updates and address emerging risk indictors or red flags
Proactively support the compliance efforts and initiatives; participate in the new product/activity risk assessment processes aligning with the Bank and QNB’s risk profile. Proactively participate in change management process relating to compliance technology/system implementations, and other initiatives
Partner with staff in charge of vendor relationship management to ensure adequate third-party risk management from compliance risk perspective throughout the third-party relationship lifecycle
Account Review and Transaction Monitoring, Reporting
SDB (Safe Deposit Box) activities hitting red flags review
Remittance transactions Travel rule review
Foreign currency exchange activities transactions and foreign check collection review
Prepare, review and report compliance related metrics to management and respective second lines, including a Monthly Compliance Review Summary reflecting the overall status of departmental compliance control, existing issues, impact analysis on the relevant regulatory developments, and provide any necessary suggestions for improving compliance risk controls
Assist with Legal Subpoena, Summons, Tax Levy, restraining notice, 314(a) and 314(b) requests on behalf of QNB , and prepare relevant supporting documentation on a timely basis
Expand compliance knowledge to CRA and Consumer and Regulatory Compliance areas, and support QNB’s compliance program in these areas
Qualification
Required
Bachelor's degree required; master's degree preferred
Minimum 10 years of BSA/AML/CTF/OFAC and other sanctions compliance and risk management experience for VP level; Minimum 4 years of BSA/AML/CTF/OFAC and other sanctions compliance and risk management experience for AVP level
Experience in financial services required
BSA or sanctions training and/or certificate
CAMS (Certified Anti-Money Laundering Specialist) credential
Comprehensive knowledge of U.S. banking regulations and compliance practices with strong emphasis on all aspects of BSA/AML/CTF/OFAC Sanctions Compliance
Risk management and handling legal subpoena, tax levy, restraining notices and financial/banking industry knowledge
Preferred
Experience in CRA and Consumer and Regulatory Compliance preferred
Company
ACG Resources – Adams Consulting Group
ACG Resources (Adams Consulting Group) is a specialized recruiting firm with dedicated practice areas.
11-50 employees
Funding
Current Stage
Early StageLeadership Team
Len Adams
Founder/CEO
Company data provided by crunchbase