What are the responsibilities and job description for the Risk Assessment Manager, AML & OFAC position at Madison-Davis, LLC?
Large retail bank located in Midtown Manhattan looking to bring on board a “Risk Assessment Manager, AML & OFAC” to join their team. The role is on a hybrid schedule, in office 3 days a week.
Responsibilities:
- Lead the implementation of updated risk assessment methodologies for AML and OFAC, ensuring compliance with regulatory obligations.
- Serve as the Subject Matter Expert (SME) for all matters related to AML and OFAC risk assessments.
- Coordinate with relevant departments to ensure all risk assessment methodologies align with organizational risk frameworks and regulatory standards.
- Manage a team of risk analysts to perform detailed risk evaluations, ensuring high-quality analysis and timely delivery.
- Develop a timeline and implementation plan for conducting AML and OFAC risk assessments.
- Communicate progress and key findings to senior management and regulatory bodies as needed.
- Stay updated on regulatory changes and best practices in AML and OFAC risk assessments.
Salary : $175,000 - $200,000
