Compliance Associate - Financial Crimes Risk Management Sanctions and Trade Compliance Team

Keybank National Association•Albany, NY

36d•$56,000 - $85,000

About The Position

The Compliance Associate - Financial Crimes Risk Management (FCRM) Governance Team role ensures Key's compliance with Bank Secrecy Act (BSA), USA PATRIOT Act, Office of Foreign Assets Control (OFAC), and export control regulations. Essential Job Functions This position is in the FCRM Sanctions and Trade Compliance Team.

Requirements

Bachelor's degree in business, finance, legal or related field, or equivalent experience
Minimum 5 years' experience in banking, compliance, or audit related activity desired
Strong research, analytical, and problem-solving skills
Flexible hours to provide for coverage as needed till 6:00 pm, with a possibility to extend to 7:00 pm depending on bank's needs.
Well-developed relationship building skills and ability to work in a team environment
Excellent written and verbal communication skills with the ability to effectively communicate with lines of business and compliance management
Strong organizational skills with an attention to detail
Comprehend compliance laws and regulations

Nice To Haves

Experience with OFAC compliance and/or OFAC screening processes
Experience with export control compliance and knowledge of import/export regulations
Experience with digital asset / crypto currency compliance
Experience with person-to-person (P2P) compliance
Experience with LOB OFAC compliance oversight
Understanding of risk assessments, vendor engagement, and contracts
Knowledge of Tableau, sanctions screening software and research tools, including World Check and Lexis-Nexis
Sound knowledge about banking/business organizational structures and understanding of how to get things done through formal channels and informal networks.
ACAMS, ACFCS, or CGSS certification desired

Responsibilities

Review and disposition system alerts, transactions, and perform due diligence on clients that present sanctions risk to the organization.
Work closely with AML operations to ensure compliance with AML requirements including onboarding, enhanced due diligence, and investigations reviews.
Coordinate the dissemination of regulatory compliance regulations, related laws and guidance to Key's lines of business (LOBs) to ensure corporate-wide compliance with regulatory requirements.
Act as corporate Subject Matter Expert resource for complex Anti-Money Laundering laws and regulatory requirements, this includes, but is not limited to, Bank Secrecy Act (BSA), USA PATRIOT Act, Office of Foreign Assets Control (OFAC), and export control regulations.
Effectively partner and establish trusted relationships with LOB contacts, senior level management, the law group, marketing and others, regarding corporate-wide compliance issues and the identification and mitigation of compliance risk.
Perform complex compliance tasks as assigned. This includes, but is not limited to, merger and acquisition activities, contract reviews, risk assessments, compliance risk mitigation strategies, new or existing system and/or operational implementation.
Interact, at the direction of the OFAC Officer, with regulatory agencies and the Risk Review Group to respond to examination information requests, address exam findings, and respond to requests for comment.
Support GRC testing and controls with self-testing and assisting in the development of new controls to assist in mitigating sanctions risk.
Assist the OFAC Officer in new business initiatives (new product development and product analysis to ensure sanctions compliance risks are appropriately identified and mitigated.
Special projects/other duties, as assigned