Summary
This position sits within the Advisory group of the Financial Security team. The primary responsibilities include reviewing and validating high-risk KYC files and providing AML and/or sanctions-related guidance to Bank staff on proposed transactions. The incumbent is expected to have working knowledge of current anti-money laundering regulations, including the Bank Secrecy Act and the USA PATRIOT Act.
Key Responsibilities
- Review and validate high-risk KYC files to ensure completeness and compliance with Bank policies and regulatory requirements
- Review and issue regulatory guidance to Bank staff on proposed activities and transactions
- Monitor daily transactions to ensure compliance with current BSA/AML regulatory standards
- Review Sanctions and PEP alerts
- Analyze regulatory and policy updates to ensure ongoing compliance with US regulations and internal policies and procedures
- Support implementation of new requirements arising from regulatory or policy changes
- Provide AML-specific guidance to Front Office and Support staff on proposed customers and/or transactions
- Assist with data analysis for the Bank's BSA/AML and OFAC Risk Assessments
Reporting Structure
Reports directly to the Head of the Financial Security Advisory Team.
Key Internal Contacts: Client Onboarding, Front Office, Head Office Compliance, IT Support
Key External Contacts: External auditors and/or regulators (as needed during exams)
Compensation
Base Salary: $80,000
Qualifications
Required
- Bachelor's Degree
- Knowledge of international AML and Sanctions regulations
- Proficiency in Microsoft Office
Preferred
- CAMS Certification
- Knowledge of US AML and OFAC regulations
- Familiarity with payment systems
- Experience with AML tools/platforms