What are the responsibilities and job description for the Director, Financial Crime Compliance Risk position at Madison-Davis, LLC?
Financial services firm located in Downtown Manhattan looking to bring on board an “Director, Financial Crime Compliance Risk” to join their team. The role is currently in office (2 days per week).
Responsibilities:
- Collaborate with the BSA Officer and manage execution of the BSA / AML Program across the Firm.
- Assume a process leadership role within Financial Crime Compliance (“FCC”) specific to leading BSA/AML Sanctions Program management
- Oversight of 1LoD activities in Operations, Client Engagement, and other areas
- Management of the FCC Quality Assurance (“QA”) program related to the above
- Drive the enhancement controls framework for FCC controls, regardless of where they sit within the firm; and
- Interface with Enterprise Data Management on compliance with enhanced regulatory compliance with ML TF & Sanctions model documentation.
- Lead and collaborate with the broader 2LoD FCC team in their coverage areas regarding BAU activities including model results, and process improvement or tuning opportunities.
- Drive execution of the FCC (including ABAC) Compliance Risk Assessment exercise (inclusive of data collection, assessment, socialization, governance).
- Represent FCC across the various stakeholder areas within including working groups and strategic projects within the firm, as well as with Internal Audit and Regulators.
- Identify and execute BSA / AML program and process enhancements (i.e., leveraging data analytics, IT tools, etc.) with a commitment to consistency and successful implementation within the set targets and deadlines.
- Assist with the oversight of AML & Sanctions compliance program BAU activities including 314(a) searches, alert management and QA, sanctions filter updates, & investigations (which may include execution activities from time to time).
- Develop metrics and analyze BAU data for monitoring and reporting to ORM, Board and other internal stakeholders.
- Identify and implement efficiencies in reporting (e.g. individual customer profile, year-on-year growth of customers by region, for each currency, and grouped by counterparty type, etc.) in support of annual risk assessment and model monitoring and tuning.
- Ensure firm is meeting AML & Sanctions-related requirements with respect to new products, strategic initiatives, and technology upgrades.
- Support Internal Audit reviews aimed at testing adequacy of BSA / AML program objectives and accompanying controls, policies and procedures.
Salary : $175,000 - $210,000
