Compliance & Risk Management AVP

Bank of China USA; New York (NY); On-site; USD 65,000 - 150,000; Full time

Job summary

An established industry player is seeking a Compliance and Risk Management Officer to oversee and implement compliance programs related to critical regulations like BSA, AML, and OFAC. This role is pivotal in ensuring adherence to laws and internal policies while managing risks associated with illicit financial activities. The ideal candidate will collaborate with senior compliance officers to enhance the effectiveness of the compliance program and ensure regulatory obligations are met. Join a dynamic team where your expertise will contribute significantly to maintaining the integrity of the financial system.

Qualifications

• Strong understanding of BSA, AML, and OFAC regulations.
• Experience in compliance program administration and risk management.

Responsibilities

• Implement and administer compliance programs related to BSA and AML.
• Assist in managing risks associated with compliance and regulatory frameworks.

Skills

Compliance Management

Risk Assessment

Regulatory Knowledge

BSA/AML Compliance

Sanctions Compliance

Education

Bachelor's Degree in Finance or Related Field

Certification in Compliance (e.g., CAMS)

Job description

4 weeks ago Be among the first 25 applicants

This range is provided by Bank of China USA. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

65,000.00 / yr - $150,000.00 / yr

Direct message the job poster from Bank of China USA

The Compliance and Risk Management Officer is responsible for implementing and administering all aspects of the Bank's compliance program related to:

• Bank Secrecy Act ("BSA")
• USA Patriot Act
• Anti-Money Laundering ("AML")
• Counter-Terrorism Financing ("CTF")
• Office of Foreign Assets Control ("OFAC") and other sanctions compliance

This role ensures that the MKD / MOD compliance efforts are maintained in accordance with laws, regulations, industry standards, regulatory guidance, and internal policies and procedures daily. The incumbent plays a vital role in managing risks related to BSA / AML / OFAC / CTF and other illicit financial activities, aligning with the Bank's compliance programs and risk governance framework. Additionally, the incumbent will assist senior compliance officers to ensure the effective operation of the compliance program, including consumer and regulatory compliance, and perform QCU related tasks.