Chief Compliance Officer - Financial Services

Chief Compliance OfficerThe 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:Creating and maintaining a comprehensive Compliance Program featuring an AML/KYC Policy, a Risk Assessment, Training, and Independent TestingKeeping compliant with all applicable regulationsRegularly reading about new regulations in relevant jurisdictions and adjusting the Program accordinglyManaging employees and setting KPIs/deadlinesAutomating the Department's manual tasksReviewing and investigating alerts/high risk accounts, identifying suspicious activity, and performing enhanced due diligence on customers and accountsInterpreting company's policy/procedures pertaining to compliance and BSA/AML/OFAC, keeping up to date on regulations, and ensuring timely reporting of all activityDuties of the position will include, but are not limited to:Acting as a resource to all coworkers with regards to understanding compliance requirements and how they affect products and servicesConducting enhanced due diligence for customers at on-boarding and periodically throughout the duration of the relationshipMaking sure new account registrations comply with relevant laws, rules and regulationsAssisting with or conducting transaction testing, data validation, and ongoing customization of monitoring systemsConducting 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 triggersUtilizing data to research and build a case for suspicious activityIdentifying high risk activity, relationships, and accounts based on KYC tiersAssisting in preparation for internal audits or bank partner examinationsReviewing and contributing to compliance training materials for staff.Participating in meetings with coworkers to identify gaps within current practices, and then rectifying the process to assure regulatory complianceReviewing and making recommendations for policies and procedures to meet current regulatory expectations and assisting in making updates as regulatory changes occurConducting research and data collection for the completion of compliance requirements for new products and servicesRequired experience:10+ years of experience with Compliance and Regulatory Leadership in the financial services spaceExtensive 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)Bachelor's DegreePreferred experience:CAMSACFCS