Candidate Profile #418470

New York – New York City – BSA/AML Compliance Manager

• Years of Related Experience: 20+
• Minimum Salary: $100K
• Work Area:  New York City, New York
• Experience:
  • Certified AML specialist with extensive knowledge of laws and regulations related to money laundering, including the Bank Secrecy Act, Patriot Act, KYC, OFAC, SAR, and CTR.
  • CC & FDIC regulator experience.
  • 14 years of retail operations, management, bank operations, and all lines of business.
  • Led a team that successfully streamlined the overhaul of the Money Laundering system.
  • Managed five FTEs and trained multiple staff from a teller and CSR to a BSA Analyst.
  • Conducted research on potential and current clients by utilizing various search engines such as Google and third-party vendors like Lexis Diligence, Lexis Nexis, and Bridger.
  • Maintained regular monitoring of OFAC and FinCEN 314a reporting.
  • Oversee the routine functioning of the BSA Department within the bank premises daily.
  • Reviewed daily cash reports to identify necessary Currency Transaction Report (CTR) filings.
  • Performed Enhanced Due Diligence (EDD) evaluations on high-risk clients.
  • Conducted research on potential money laundering clients and terrorist financing to assess the most suitable action.
  • File SARs or No SARs under federal regulatory requirements.
  • Analyzed and verified the accuracy of Customer Due Diligence (CDD) documents, Customer Identification Program (CIP) records, credit risk assessments, and other paperwork for new accounts.
  • Ensured adherence to company policies by communicating effectively on CIP exception issues with relevant parties.
  • Monitored account activities and conducted periodic reviews to ensure compliance with the Bank Secrecy Act and the Patriot Act.
  • Conducted User Acceptance Testing (UTA) activities.
  • Prepared clear and comprehensible reports documenting findings for the BSA committee, internal auditors, and regulatory examiners.
  • Certification in ACAMS.
  • References are available.
• Reference #:  418470
• Send Candidate’s Resume:  Click Here