What are the responsibilities and job description for the VP AML/OFAC Compliance Advisory position at Madison-Davis, LLC?
Global commercial bank located in Midtown Manhattan looking to bring on board a "VP AML/OFAC Compliance Advisory” to join their team. This role is currently in a hybrid schedule (3 days in office).
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 Bank’s 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.
Salary : $120,000 - $150,000
