What are the responsibilities and job description for the Director of AML Governance position at Madison-Davis, LLC?
A$18 billion bank located in Midtown Manhattan looking to bring on board a “Director of AML Governance” to join their team. The role is on a hybrid schedule, in office 3 days a week.
Responsibilities:
-Design and implement a comprehensive compliance governance structure that aligns with the organization’s strategic objectives and regulatory requirements.
-Lead a team of compliance professionals, providing guidance and mentorship. Ensure the team is equipped to address emerging compliance risks and trends.
-Develop, update, and manage compliance-related policies and procedures. Ensure they reflect current regulatory standards, including AML, OFAC, and sanctions-related guidelines.
-Ensure the organization complies with applicable regulatory requirements, including but not limited to AML, CDD/EDD, sanctions, and other financial crime risks.
-Prepare and deliver regular reports on compliance program performance, key risk indicators (KRIs), and emerging risks to the Board, senior management, and regulatory bodies as required.
-Lead the development of ongoing risk assessment methodologies, ensuring comprehensive assessments of financial crime risks.
-Collaborate with the risk management function to identify high-risk areas, establish appropriate controls, and monitor remediation efforts.
-Oversee the creation and administration of compliance training programs for employees, including specialized training for targeted groups. Ensure that staff remains informed about regulatory changes and the organization's compliance policies.
-Serve as a key contact for internal audits, regulatory examinations, and inquiries. Collaborate with internal and external stakeholders to ensure timely and accurate responses to audit findings and regulatory reviews.
Salary : $150,000 - $175,000
