SUMMARY
The Chief Compliance Officer assumes the responsibilities of verifying compliance with the law, formulating, and executing procedures, and designing adequate, effective, and quality controls, to prevent the institution from being used as a means to launder money. It is responsible for interacting with the companies that provide referral services to the Bank for the maintenance and closure of all types of accounts.
In addition, is in charge of everything related to the verification of transactions carried out by all clients especially Banks, MSB, and Non-Bank financial institutions including the site visits, making sure they are consistent with the policies and procedures adopted by the Bank and the laws or applicable federal regulations, using guidance methods that guarantee compliance with the program; is responsible for verifying incoming, outgoing and book to book operations against OFAC lists and other checklists, must perform all verifications and validations of Section 314 (a), must monitor the accounts of clients processing Remote Deposit of Checks "RDC" and produce reports on the behavior of this product to the Compliance Officer, should interact with people from other departments and communicate to them the situations regarding compliance. It should attend meetings and events and assist in the development of special and high-impact projects within the BSA / AML policies of the bank.
ESSENTIAL DUTIES
1. Responsible for developing, implementing, and managing all aspects related to the BSA / AML compliance program which the bank must subscribe to due to the regulations that apply to it.
2. Responsible for informing the Board of Directors of the bank's performance in BSA / AML areas through monthly written reports, as well as relevant events that occur on these issues in the bank's daily activities. This activity will be reported directly to the President of the Board of Directors.
3. Responsible for informing Senior Management of BSA / AML compliance policies determined by the Board of Directors, its application, and procedures. In addition to the guides and consultations to determine the controls for risk mitigation of BSA / AML.
4. Responsible for coordinating with the Managing Director the follow-up of the tasks assigned to each department for the correct execution of the BSA / AML compliance policies determined by the Board of Directors. As well as the activities, which together with the other departments, must be carried out on a day-to-day basis so that the activities of the Compliance Department are satisfactorily fulfilled, and the BSA / AML risks are maintained within the established guidelines.
5. Responsible for delegating, assigning, and supervising the tasks of the employees of the BSA / AML Compliance Department, ensuring that they are carried out correctly and in the established terms. As well as the methodology, procedures, and responsible for research on referrals of Suspicious Activities, within the corresponding regulatory framework.
6. Responsible for the BSA / AML Compliance Department to draft and report the SARs under the provisions of current federal regulations. The reports required by OCIF and Reports of section 314a. All in the corresponding times.
7. Responsible for coordinating in conjunction with Human Resources the BSA / AML Compliance training, establishing an annual Course Calendar that must be presented to the Board of Directors at the end of each year for its application the following year.
8. Responsible for coordinating in conjunction with Human Resources the BSA / AML Compliance training for new employees.
9. Responsible for updating compliance policies and procedures to changes in legislation and international best practices.
10. Responsible for participating in the approval of processes for high-risk business lines and new products, including new technologies. Giving their timely feedback so that they comply with the regulations in the matter, proactively so that the times of putting into production are met.
11. Responsible for initiating investigations of violations of BSA / AML rules, procedures, policies, and regulations.
12. Responsible for coordinating the Compliance Committee monthly as well as carrying the reports and information defined by the same for the correct decision-making of the same and keeping the minutes of the meetings.
13. Responsible for the custody of the documents of the Compliance Department.
14. Responsible for the BSA / AML Compliance sections of the audits conducted by OCIF and/or other regulators, as well as private firms hired by the bank. Being the point of contact with the auditors for the request, and delivery, of the information. Answer questions, explain procedures, etc. After the audits, generate a Work Plan to attend to the observations made by the auditors and follow up so that it is carried out.
15. After the seminars offered, according to the position of each employee, he or she should be responsible for maintaining awareness and knowledge of all state and federal regulations, including but not limited to the regulations of the Bank Secrecy Act and Money Laundering (BSA / AML).
16. Monitor any suspicious activity, if it appliestod the department's responsibilities.
RESPONSIBILITIES OF THE CHIEF COMPLIANCE OFFICER
The position of Chief Compliance Officer normally carries out the following responsibilities by the Bank's policies and applicable laws, guaranteeing compliance with the guidelines of Senior Management and its direct supervisors:
- Ensure compliance with all policies and procedures regarding the Customer Identification Program -CIP- and Know Your Customer –KYC.
- Demonstrate the commitment to the Quality Management System through compliance with the Policy and Objectives of Quality, participation in the processes related to continuous improvement and in the performance of its activities, according to the established procedures and rules by the Organization.
- Comply and ensure compliance with the provisions of the Code of Ethics of the Institution.
- Comply and ensure compliance with the policies, rules and procedures, and provisions governed by United States Federal Entities and established by the Institution.
- Comply and ensure compliance with the policies, rules and procedures, and provisions established by the Organization OI-00-DIR-N-001 "Standards for all staff of the Organization Italcambio, C. A.".; as well as the current regulations issued by national public entities.
- Comply and ensure compliance with the standards and processes established.
REQUIREMENTS
- Bachelor's degree in Finance or Accounting.
- 10+ years of experience in managing BSA/MLA, OFAC, FIU, CIP
- Thorough knowledge of banking compliance and regulations (OFAC, OCIF, FinCEN 314, SAR.
- Thorough knowledge of EOD and EOM Transaction Reports
Affirmative Action Plan Statement / Equal Employment Opportunities:
The Bank offers equal employment opportunities to all employees and job seekers and prohibits discrimination and harassment of any kind without regard to race, color, religion, age, sex, national origin, disability status, genetics, veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruitment, placement, promotion, termination, dismissal, withdrawal, transfer, absence, compensation, and training.
Job Type: Full-time
Pay: $97,272.00 - $101,764.00 per year
Benefits:
- 401(k) matching
- Vision insurance
Schedule:
- 8 hour shift
- Monday to Friday
Work Location: In person