City National Bank-posted 4 months ago
$111,408 - $189,738/Yr
Full-time • Manager
Newark, NJ
5,001-10,000 employees

Responsible for monitoring, analyzing, and escalating matters of regulatory or legal initiatives, requirements, issues or concerns related to BSA, AML, KYC and OFAC so that timely and necessary enhancement to the Bank's BSA Program can be developed and implemented within statutory timeframes utilizing sound and current compliance industry standards and practices. Responsible for the review and enhancement of the Bank's BSA Program policies and procedures, including the development of BSA related policy position documents, under the guidance of the BSA Officer. As assigned, collaborates with compliance colleagues and business line management to conduct risk assessments in order to recommend enhancements to current policy and procedures. May supervise one or more professional staff. To provide support in the development, implementation and testing of modification and enhancements of Know Your Customer (KYC), EDD (Enhanced Due Diligence) solutions, support model design and validation, perform system configuration and reporting functions of KYC/EDD and transaction monitoring models. Under the guidance of the BSA Officer, works with the Compliance Training Officer to ensure that ongoing management of the training content within the Bank's BSA Training program is timely and accurate and responsive in meeting job-specific compliance responsibilities throughout the Bank's various lines of business and job functions. Plays a key role as an internal consultant to colleagues throughout the organization related to the Bank's implemented BSA Program.

  • Monitors and escalates issues and concerns of impact to the industry within the regulatory and legal environment.
  • Acts as consultant to the BSA Officer in the development of official policy position and white paper documents.
  • Assists the BSA Officer in the ongoing and annual review and enhancement of the Bank’s BSA Program.
  • Develops, implements, and manages the Bank’s BSA compliance training program.
  • Supervises staff conducting risk assessments and performs periodic risk assessments of overall business processes.
  • Partners with business lines in the development of new and/or updated policy and procedure related to BSA, AML and KYC.
  • Acts as a BSA, AML, OFAC and KYC regulatory consultant throughout the Bank.
  • Identifies and addresses compliance training needs by partnering with business areas.
  • Partners with business units to remediate compliance findings identified in internal and external examinations.
  • Maintains up-to-date knowledge of regulatory and legal requirements and industry best practices.
  • Recommends changes to the 'Know Your Client' process.
  • Participates in and completes bank-wide projects.
  • Integrates activities with other departments to accomplish common goals.
  • Serves as resource to internal and external customers.
  • Minimum of 5 years experience in a Compliance role required.
  • Minimum of 3 years experience in a BSA role required.
  • Minimum of 2 years experience with Compliance Risk Assessment testing and documentation.
  • ACAMS Certified or equivalent preferred.
  • Previous Management experience preferred.
  • Bachelor’s degree with designation in business or finance or equivalent experience preferred.
  • Comprehensive healthcare coverage, including Medical, Dental and Vision plans.
  • Generous 401(k) company matching contribution.
  • Career Development through Tuition Reimbursement and other internal upskilling and training resources.
  • Valued Time Away benefits including vacation, sick and volunteer time.
  • Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs.
  • Career Mobility support from a dedicated recruitment team.
  • Colleague Resource Groups to support networking and community engagement.
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