The position's responsibilities include the following: conducting quality assurance reviews to ensure that the Bank's AML policies and procedures are being adhered to. He/she is expected to have knowledge of current anti-money laundering regulations, policies and requirements as per the Bank Secrecy Act, and the USA Patriot Act.
Perform Quality Assurance Reviews to ensure that the activities of the Bank are adhering to policies and procedures, with a specific focus on the Bank’s KYC files to ensure that the files have been validated in compliance with the requirements that are established in the Bank’s policies and procedures.
Escalate KYC anomalies to the appropriate persons to ensure that the errors are remediated in a timely manner
Track the progress of KYC files that are referred to Compliance for review and validation to ensure all files are reviewed in a timely manner.
Assist with the review and revision of the Bank’s KYC policies and procedures to ensure that the Bank is adhering to all relevant regulatory requirements.
Assist with recordkeeping and reporting of Compliance KPIs and KRIs.
Assist with analysis of data for the Bank's annual BSA/AML and OFAC Risk Assessments.
Management and Reporting:
The position reports directly to the Head of AML/OFAC Compliance.
Key Internal Contacts:
The employee will most likely interact on a regular basis with the Client On Boarding group, Front Office personnel, Head Office Compliance personnel, and IT support
Key External Contacts:
The employee may have occasion to interact with external auditors and/or regulators during exams.