Compliance Analyst
New York, NY

We are seeking a Compliance Analyst for a direct hire employee role with our client in midtown, New York City. Compensation depends upon experience level. 3+ years experience as a Compliance Analyst/Officer from a global bank, ACAMS Certification preferred.

Job Purpose:
Ensure compliance with the Bank Secrecy Act, USA Patriot Act, OFAC Sanctions Programs, Identity Theft and other applicable State and Federal regulations and statutes. Assist the Compliance Manager in assessing and mitigating the risks associated with BSA.

Responsibilities:

– Review reports/alerts generated by the SAMS Model (suspicious activity
monitoring system).
– Ensure proper and timely execution of SAMS cases under Case Management.
– Review in-process messages and transactions flagged by the OFAC filter.
– Assist in coordinating with branch management to ensure that compliance issues are adequately monitored and addressed.
– Assist in ensuring compliance with all FinCEN Regulations, particularly 311 and 314(a).
– File Currency Transaction Reports (CTRs) as required.
– Review alerts from FinCEN, OCC, OFAC and other U.S. Government agencies to ensure compliance at the bank
– Conduct enhanced reviews as part of the Compliance Testing Program for the NY Branch.
– Assist in the monitoring of all high risk customers.
– Assist in the monitoring of all PEP (politically exposed persons) customers.
– Assist in preparing the agenda for the Compliance Committee meetings.
– Review new and existing account documentation for CDD, OFAC sanctions, PEPs, CIP and risk ratings.
– Attend Compliance or Risk Management Seminars as required.
– Adhere to all pertinent laws and regulations in regard to Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA) and USA Patriot Act ((USAPA) as well as all bank policy and procedures governing same.
– Successful and timely completion of all assigned training, including ISO, HR and BSA/AML/OFAC training.

Qualifications and Experience:
– BA/BS Degree
– ACAMS Certification preferred
– Minimum of 3 years related work experience with knowledge of BSA/AML and OFAC Regulations

Please note: This position is not open to 3rd party c2c agencies. No visa sponsorship provided. All applicants must have permanent US work authorization and not require sponsorship now or in the future.