Chief Compliance Officer

CTBC Bank, New York Branch; Rapid City (SD); On-site; USD 180,000 - 280,000; Full time

Job summary

CTBC Bank, New York Branch is seeking a Chief Compliance Officer to oversee the bank's BSA/AML/OFAC compliance program. The role includes supervising AML, OFAC, and regulatory compliance, developing risk-based assessments, and reporting to regulators and senior management.

Ideal candidate has 15+ years in banking compliance, experience with regulatory examinations, and strong leadership in training, policy development, and risk mitigation. Mandarin ability is a plus.

Qualifications

• 15+ years of experience in banking compliance and related areas.
• Experience with regulatory examinations (FDIC, DFPI, FRB, OCC) is a plus.
• Fluency in Mandarin Chinese is a major plus.

Responsibilities

• Administer all aspects of the BSA/AML/OFAC Compliance Program and supervise AML, OFAC, and regulatory compliance issues.
• Oversee reporting to regulators, Head Office Compliance, and branch senior management.
• Develop/maintain AML/OFAC systems, screening criteria, and monitoring.
• Liaise with internal/external audit and regulators; manage corrective action plans.

Skills

Regulatory compliance

BSA/AML/OFAC

Risk assessment

Regulatory reporting

Training & policy development

Stakeholder management

Job description

Established in 1966, CTBC Bank has been building customers’ wealth and Taiwan’s economy for over half a century now. In that time, it has grown into an international force offering a comprehensive suite of financial services. As of the end of 2024, the Bank’s consolidated assets totaled NT$6.47 trillion, the most among all privately owned banks in Taiwan. It is also the best-performing bank in other indicators, such as profits, tier 1 capital, and client base. In addition, CTBC Bank has the most extensive international presence of any Taiwanese bank, with 219 overseas outlets across 14 countries and regions. With a subsidiary, The Tokyo Star Bank, purchased in Japan and CTBC Bank subsidiaries established in the U.S., Canada, the Philippines, and Indonesia, the Bank has laid a strong foundation for regional business, providing international enterprises with comprehensive transnational financial services. Visit our website at https://www.ctbcbank.com/twrbo/en_tw/index_en.html

JOB OPPORTUNITY:

INDUSTRY: Commercial Banking

POSITION: Chief Compliance Officer

Responsibilities:

• Administer all aspects of the BSA/AML/OFAC Compliance Program and supervise all areas of AML, OFAC, and regulatory compliance issues.
• Oversee AML, OFAC and regulatory compliance reporting to regulatory examiners, Head Office Compliance and to LA Branch (the "Branch") Senior Management. AML and OFAC matters shall be reported directly to the Global AML/CFT Officer of the Bank; regulatory compliance matters shall be reported directly to the Global Chief Compliance Officer of the Bank.
• Develop and maintain criteria and settings of AML and OFAC systems for name screening and transaction monitoring to identify suspicious activity.
• Liaise with internal, external audit and Federal/State Regulators and comply with recommendations and actions reported by regulators or auditors, including managing corrective action plans related to regulatory examination findings, internal audit findings and model validation reviews.
• Develop, implement and oversee the execution of the BSA/AML and OFAC Risk Assessments, as well as the Compliance Risk Assessment.
• Develop and oversee Compliance and AML-related training for the Branch’s personnel, track and monitor completion.
• Maintain Compliance-related policies and procedures, including those related to BSA/AML/OFAC, to ensure compliance with new and updated laws and regulations.
• Review and evaluate business line risks and controls through evaluation of test results to ensure all applicable regulatory risks, including AML and OFAC, are addressed and managed.
• Advise Branch/Head Office Senior Management of emerging regulatory compliance, AML and OFAC risks, new or amended regulatory compliance/BSA/AML/OFAC laws and regulations, or regulatory agency guidance; recommend and implement changes and controls to mitigate compliance and AML risks.
• Serve as Chair of the Monthly AML Oversight Committee, set agenda, including recommending closing of accounts for non-cooperative customers or customers with risk profiles exceeding the Branch’s risk appetite.
• Serve as Chair of the Monthly Compliance Committee, set agenda, report risk metrics, lead discussions of regulatory compliance issues.
• Serve as the Money Laundering Reporting Officer responsible for electronic SAR filings of suspicious transactions and required OFAC reporting.
• Establish and maintain an effective Customer Due Diligence and Enhanced Due Diligence risk rating and monitoring program to include initial and ongoing assessments, and review and analysis of unusual/suspicious account activity.
• Complete required hours of total training (General as well as BSA/AML/OFAC) in a calendar year.

Requirements

• 15+ years of experience in the banking environment with related experience in compliance, BSA/AML/OFAC, bank audit experience, corporate strategic planning, and/or public relationship management is preferred.
• Proficient in documenting, evaluating, and analyzing diverse, complex company functions and processes that identify key risks and controls to facilitate the development of value-added business compliance and control improvement recommendation.
• Experience of examinations from regulatory agencies such as FDIC, DFPI, FRB, or OCC is a plus.
• Fluent in Mandarin Chinese is a major plus.