Soho Square Solutions · 2 hours ago
Chief Compliance Officer
New York, United States
Full-time
Hybrid
Director/ExecutiveSoho Square Solutions is seeking a Chief Compliance Officer (CCO) to oversee the management and maintenance of the Bank’s compliance programs. The CCO will be responsible for ensuring compliance with AML and OFAC regulations, advising management on policy development, and supervising quality assurance controls.
Big DataBlockchainFinancial ServicesProject Management
Hiring Manager
Virangana Bhalerao
Responsibilities
Oversee the effective management and ongoing maintenance of all the Bank’s compliance programs including AML and OFAC
Advise and assist the Bank's management in developing and implementing policies, procedures and controls for AML and other applicable regulations
Maintain and refine all the Branch’s compliance programs (BNA Compliance Manual, BSA/AML/OFAC Policies and Procedures Program, Code of Conduct, etc.)
Responsible of the Corporate Compliance Program - To oversee the Branch’s compliance with banking laws, regulations, FFIEC and the bank’s policies and procedures
Prepares Corporate Compliance Risk Assessments
Evaluates new Banking Laws and Regulations
Maps Banking Laws/Regulations/Rules applicable to the Branch
Supervises Quality Assurance Controls to Banking Laws/Rules and Regulations
Responsible for Developing and Maintaining Risk Assessment Methodologies across all programs
Maintain and Perform Country Risk Assessments
Supervise compliance with the Economic and Trade Administered by BIS and Sanction Programs administered by OFAC
Chair and apprise the Branch’s Compliance Committee of significant changes in all regulatory developments including AML policies, programs, issues, and concerns
Drafting of minutes of compliance Committee meetings
Analysis and Preparation of the Risk-Assessment Reports (BSA.AML, OFAC, and Identity Theft)
Implement an ongoing training program for Branch staff on BSA/AML and other regulatory issues
Managing compliance with NYDFS Rule 504 testing and validation requirements
Review audit reports (internal & external) of compliance and AML program. Prepare answers and propose corrective measures
Oversee investigations opened for potentially suspicious activities and approve any SAR filings
Ensure day-to-day AML and other responsibilities of employees are performed in compliance with all applicable US and New York State laws and regulations
Review and process subpoenas received
Maintain professional relationships with Regulators and other industry practitioners in order to stay apprised of developments related to applicable regulations including AML and OFAC
EDD review process of High-Risk Customers including video/call conference
FATCA: Update policies and procedures. Coordinate with other areas the filing of applicable forms
May delegate any of the above duties if required
Qualification
Required
Oversee the effective management and ongoing maintenance of all the Bank's compliance programs including AML and OFAC
Advise and assist the Bank's management in developing and implementing policies, procedures and controls for AML and other applicable regulations
Maintain and refine all the Branch's compliance programs (BNA Compliance Manual, BSA/AML/OFAC Policies and Procedures Program, Code of Conduct, etc.)
Responsible of the Corporate Compliance Program - To oversee the Branch's compliance with banking laws, regulations, FFIEC and the bank's policies and procedures
Prepares Corporate Compliance Risk Assessments
Evaluates new Banking Laws and Regulations
Maps Banking Laws/Regulations/Rules applicable to the Branch
Supervises Quality Assurance Controls to Banking Laws/Rules and Regulations
Responsible for Developing and Maintaining Risk Assessment Methodologies across all programs
Maintain and Perform Country Risk Assessments
Supervise compliance with the Economic and Trade Administered by BIS and Sanction Programs administered by OFAC
Chair and apprise the Branch's Compliance Committee of significant changes in all regulatory developments including AML policies, programs, issues, and concerns
Drafting of minutes of compliance Committee meetings
Analysis and Preparation of the Risk-Assessment Reports (BSA.AML, OFAC, and Identity Theft)
Implement an ongoing training program for Branch staff on BSA/AML and other regulatory issues
Managing compliance with NYDFS Rule 504 testing and validation requirements
Review audit reports (internal & external) of compliance and AML program. Prepare answers and propose corrective measures
Oversee investigations opened for potentially suspicious activities and approve any SAR filings
Ensure day-to-day AML and other responsibilities of employees are performed in compliance with all applicable US and New York State laws and regulations
Review and process subpoenas received
Maintain professional relationships with Regulators and other industry practitioners in order to stay apprised of developments related to applicable regulations including AML and OFAC
EDD review process of High-Risk Customers including video/call conference
FATCA: Update policies and procedures. Coordinate with other areas the filing of applicable forms
May delegate any of the above duties if required
Company
Soho Square Solutions
Soho Square Solutions expertise in financial services, enterprise risk, information security, project management, big data and blockchain.
Founded in 2008
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Vijay Veerachandran
CEO, Founder and Managing Partner
Recent News
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