What are the responsibilities and job description for the Director, AML/OFAC Compliance position at Madison-Davis, LLC?
A global commercial bank located in Midtown Manhattan looking to bring on board a "Director, AML/OFAC Compliance” to join their team. This role is currently in a hybrid schedule (3 days in office).
Responsibilities:
• Manage team of Advisory Analysts
• Manage and supervise the team’s review and validation of High Risk KYC files, CARE requests, NYCC requests to ensure completeness and compliance with Bank policies and Regulatory Requirements.
• Review and issue regulatory guidance to Bank staff on proposed activities and transactions.
• Manage and supervise the Analysts review of daily reports and reconciliations of all daily transaction and customer uploads within compliance databases.
• Assist and guide Analysts with the analysis of updates in regulations and/or policies to ensure that the Bank is compliant with US regulations, as well as the Bank’s policies and procedures.
• Lead 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.
Salary : $180,000 - $210,000
