What are the responsibilities and job description for the VP AML / OFAC COMPLIANCE OFFICER / ADVISORY (FINANCIAL SECURITY) position at Crdit Agricole CIB?
Summary :
This position is placed within the Advisory group of the Financial Security team. The position's main responsibilities are centered on the following : reviewing and validating high risk KYC files, and providing AML and / or sanctions related guidance to the Banks staff on proposed transactions. He / she is expected to have knowledge of current anti-money laundering regulations, policies and requirements as per the Bank Secrecy Act, and the USA Patriot Act.
Key Responsibilities :
- Review and validation of High Risk KYC files to ensure completeness and compliance with Bank policies and Regulatory Requirements.
- Review and issue regulatory guidance to Bank staff on proposed activities and transactions.
- Assist with the analysis of updates in regulations and / or policies to ensure that the Bank is compliant with US regulations, as well as the Banks policies and procedures.
- Assist with the implementation of any new requirements that come as a result of new regulations or policies and procedures.
- Provide guidance to Front Office and Support staff on AML specific queries concerning proposed customers and / or transactions.
- Assist with analysis of data for the Bank's BSA / AML and OFAC Risk Assessments.
Management and Reporting :
The position reports directly to the Head of Advisory Financial Security.
Key Internal Contacts :
The employee will most likely interact on a regular basis with the Client On Boarding group, Front Office personnel, Head Office Compliance personnel, and IT support.
Key External Contacts :
The employee may have occasion to interact with external auditors and / or regulators during exams.
KNOWLEDGE AND SKILLS
Qualifications / Education Required :
College Degree
Experience Required :
5-10 years
CAMS Certification preferred
Competencies :
Knowledge of US AML and OFAC regulations
Knowledge of International AML and Sanctions regulations preferred
Skills & Knowledge Requirements desired :
IT Knowledge of Payment systems
IT Knowledge of AML tools
