Job Description

WHAT ARE THE DUTIES AND RESPONSIBILITIES OF THIS POSITION?

This position is responsible for the branch’s management process and the branch’s compliance control. This position is a relationship manager with regulators. This position leads the compliance team and reports to General Manager.
The BSA/AML/OFAC Compliance Manager is responsible for the development, maintenance and implementation of policy and regulatory procedures related to the Bank Secrecy Act, USA PATRIOT Act, and OFAC regulations across the bank.

•Promote compliance with Bank Secrecy Act (BSA) / Anti-Money Laundering (AML) / Office of Foreign Asset Control (OFAC) laws and regulations
•Provide guidance and assistance with BSA/AML and OFAC bank policies and risk assessment processes
•Establish and conduct BSA/AML and OFAC monitoring and testing programs for the bank and covered entity compliance procedures and processes
•Review the branch’s established guidelines and recommend new guidelines to G/M.
•Overview regulatory reports and H.O. reports prepared.
•Responsible for overseeing the branch’s compliance process and software.
•Provide monthly, quarterly or other BSA/AML reports
•Investigate daily BSA/AML & OFAC process
•Correspond to on-sight examination and its follow up
•Serve as a liaison to educate and promote an environment of compliant and ethical business conduct
•Maintain and prepare reports as required by general manager and regulators.
•Perform its responsibility as a security Manager
•Provide general consulting and guidance to lines of business on AML regulations, policies and procedures
•Provide training and education on BSA/AML and OFAC compliance topics as necessary

WHAT KNOWLEDGE AND SKILLS ARE REQUIRED TO BE SUCCESSFUL IN THIS POSITION?

•Broad-based knowledge of the BSA/AML/OFAC federal regulatory environment
•Conducts research and analysis, responds to questions, makes recommendations, and develops solutions in area of expertise
•Communicates issues and/or resolutions to impacted areas and provides guidance for appropriate action
•Develops, documents, implements, communicates, and maintains programs, projects, procedures, and materials related to compliance
•Promotes compliance, application of proper internal operating controls, and adherence to company policies within area of responsibility
•Develops, reviews, and/or delivers presentations to a wide variety of audiences
•Maintains awareness of current legislative and regulatory requirements
•Participates in project groups and committees

Job Requirements

Competencies and Experience:
•Experienced compliance practice manager with International(Foreign) Wholesale banking environment preferred
•Four year college degree or equivalent experience
•Minimum of 5 years of research/analysis experience in BSA/AML and OFAC compliance programs or equivalent experience
•Strong knowledge of money laundering laws, regulations, and guidance including the Bank Secrecy Act, the USA PATRIOT act, Financial Crime Enforcement Network (FinCEN) AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements
•Candidate must have good listening skills and be able to communicate effectively both orally and in writing
•Solid interpersonal skills and the ability to work collaboratively with business partners and team members

Other Requirements:
•CAMS (Certified Anti-Money Laundering Specialist) certification preferred
•Bilingual English/Korean Preferred

ITEMS OF NOTE:
•Job may require travel to various business locations, field offices, conventions, and industry meetings, via commercial transportation and driving motor vehicles
•May be required to work irregular hours during periods of heavy workload or to meet deadlines
•Must recognize the need for, and apply discretion and appropriate security measures when handling confidential and sensitive information
•May require passing additional background checks

Our Total Rewards benefits package includes:
Competitive starting salary, Medical Insurance, Pension Dental, Life and Disability Insurance, Vision.

 

More detail, click here.

http://www.jobkoreausa.com/work/employ_detail.html?no=10043

 

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