Role details

VP AML/KYC Risk Officer

New York   •  Permanent

Bullet points

  • Competitive Compensation
  • Unlimited Career Growth

About Our Client

My client is a global, tier 1 bank, based here in New York City.

Job Description

  • Work with and support the BSA/AML Officer on issues relating to customer acceptance, customer risk rating, Enhanced Due Diligence, mitigating controls, adverse media, and grey list placement/considerations.
  • Provide BSA/AML perspective feedback on country reports created for each country which has active customers
  • Be familiar with the demographic and geo-political situations, dollar demand drivers and AML/CFT regimes of countries in which USD Banknotes customers are located.
  • Provide KYC/CDD advisory guidance, as necessary, to the BSA/AML Officer and other Compliance divisions.
  • Design and apply mitigating controls for customers whose risk profile warrants them.
  • Review anticipated account activity alert thresholds proposed by KAC Analyst and provide approval in line with the Transaction Monitoring & Reporting team opinion.
  • Monitor the completion of ongoing KYC reviews by examining a sample of customer KYC files.
  • Implement High Risk Accounts EDD compliance quality assurance monitoring and request additional due diligence for evaluation when deemed necessary.
  • Review the FFI KYC/CDD documentation for correspondent banking relationships to determine whether EDD is necessary and assess the money laundering risk posed by the account.
  • Provide oversight over adverse media searches conducted by KAC Alert Analysts at onboarding and Alert review and track impact.
  • Review the Grey List to determine whether customers must be added to the list and whether they may be removed.
  • Perform 314a FinCEN screening and necessary investigations for further reporting on results.

The Successful Applicant

  • 5+ years of experience in Customer Acceptance/KYC Program Management role executing the responsibilities described above.
  • In-depth knowledge of and experience with Bank Secrecy Act (BSA) and Anti-Money Laundering Regulations for banknotes, lending and treasury in the US and Asia-Pacific (preferred).
  • Subject matter expertise in KYC, CDD, EDD and risk rating practices.

What's on Offer

* Full benefits: health, vision, dental, child care

* Daily, catered lunch

* Car and cell phone budget

* 401(k)

Apply for this job

Click the Apply or LinkedIn button below or contact Michael Campagna quoting job reference 1216206
As you are using an Apple iOS device we are unable to offer you the CV upload function. Please apply with your Linkedin profile below or contact Michael Campagna quoting job reference 1216206