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The Chief Compliance Officer oversees the day-to-day BSA/AML responsibilities within the Compliance Department, and is accountable for the Department's performance as a whole.. Creating and maintaining a comprehensive Compliance Program featuring an AML/KYC Policy, a Risk Assessment, Training, and Independent Testing. Interpreting company's policy/procedures pertaining to compliance and BSA/AML/OFAC, keeping up to date on regulations, and ensuring timely reporting of all activity. Conducting comprehensive investigation reviews of customers by utilizing KYC information, occupation, line of business, income sources, and transaction activity as identified by the Risk Assessment/system platform triggers. Extensive knowledge and experience with compliance regulations including but not limited to Bank Secrecy Act & Anti-Money Laundering (BSA/AML), Patriot Act (CIP), Treasury Office of Foreign Assets Control (OFAC), and FinCEN advisory guidelines regarding Know Your Customer (KYC)/Enhanced Due Diligence (EDD)

chief compliance officer

Chief Compliance Officer Financial Services   Summary: The Chief Compliance Officer oversees the day-to-day BSA/AML responsibilities within the Compliance Department, and is accountable for the Department's performance as a whole. Responsibilities will include but are not limited to:<ul><li>Creating and maintaining a comprehensive Compliance Program featuring an AML/KYC Policy, a Risk Assessment, Training, and Independent Testing</li><li>Keeping compliant with all applicable regulations</li><li>Regularly reading about new regulations in relevant jurisdictions and adjusting the Program accordingly</li><li>Managing employees and setting KPIs/deadlines</li><li>Automating the Department's manual tasks</li><li>Reviewing and investigating alerts/high risk accounts, identifying suspicious activity, and performing enhanced due diligence on customers and accounts</li><li>Interpreting company's policy/procedures pertaining to compliance and BSA/AML/OFAC, keeping up to date on regulations, and ensuring timely reporting of all activity</li></ul>  Duties of the position will include, but are not limited to:<ul><li>Acting as a resource to all coworkers with regards to understanding compliance requirements and how they affect products and services</li><li>Conducting enhanced due diligence for customers at on-boarding and periodically throughout the duration of the relationship</li><li>Making sure new account registrations comply with relevant laws, rules and regulations</li><li>Assisting with or conducting transaction testing, data validation, and ongoing customization of monitoring systems</li><li>Conducting comprehensive investigation reviews of customers by utilizing KYC information, occupation, line of business, income sources, and transaction activity as identified by the Risk Assessment/system platform triggers</li><li>Utilizing data to research and build a case for suspicious activity</li><li>Identifying high risk activity, relationships, and accounts based on KYC tiers</li><li>Assisting in preparation for internal audits or bank partner examinations</li><li>Reviewing and contributing to compliance training materials for staff.</li><li>Participating in meetings with coworkers to identify gaps within current practices, and then rectifying the process to assure regulatory compliance</li><li>Reviewing and making recommendations for policies and procedures to meet current regulatory expectations and assisting in making updates as regulatory changes occur</li><li>Conducting research and data collection for the completion of compliance requirements for new products and services</li></ul>  Required experience <ul><li>10+ years of experience with Compliance and Regulatory Leadership in the financial services space </li><li>Extensive knowledge and experience with compliance regulations including but not limited to Bank Secrecy Act & Anti-Money Laundering (BSA/AML), Patriot Act (CIP), Treasury Office of Foreign Assets Control (OFAC), and FinCEN advisory guidelines regarding Know Your Customer (KYC)/Enhanced Due Diligence (EDD) </li><li>Bachelor's Degree </li></ul>  Preferred experience: <ul><li>CAMS </li><li>ACFCS</li></ul>

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