Senior Compliance Manager - AML and OFAC/Sanctions

NorthAB LLC

1d•Remote

About The Position

The Senior Compliance Manager - AML and OFAC/Sanctions serves as a lead and subject matter expert for AML and OFAC compliance policies, programs, and processes, and ongoing due diligence and enhanced due diligence monitoring of entities and persons in scope. This role is the subject matter process expert in compliance framework, and provides guidance and support to the overall effort toward achieving and maintaining a sustainable compliance environment, driving adherence to policies and requirements in scope of the role. This role works closely with other members of the Compliance team, as well as with business partners, stakeholders, and third- parties, to help ensure sound and effective compliance management and oversight that protects and strengthens our brand, grows confidence in how we conduct business, and strengthens customer commitment to our products and services.

Requirements

Bachelor’s Degree
CAMS certification
Minimum nine (9) experience in AML and OFAC, and in high risk due diligence, including investigations and independent complex decision making.
Prior research using risk analytical tools such as Lexis/Nexis. Westlaw, etc.
AML/CFT high risk merchant experience, such as ingestible CBD, Money Service Businesses, payment facilitators, crypto currencies, etc.
Experience engaging directly with auditors, reviewers, and regulators
Ability to design, implement, and maintain day to day AML/CFT compliance frameworks, policies, and procedures aligned with regulatory requirements.
Ability to interpret, translate and apply state and federal regulatory requirements into operations processes and ensure effective implementation across business units.
Ability to execute against strategic vision for BSA/AML operational tempo and design.
Experienced presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
Ability to work collaboratively and to navigate a complex organization; to influence and lead people across cultures at all levels
Excellent interpersonal skills with the ability to think and communicate creatively, thoughtfully, and on your feet with diverse technical and non-technical groups, spanning all organizational levels.
Strategic thinker and tactical executor - able to rapidly shift from “big picture” to “detailed operations”.
Ability to provide leadership and judgment to analyze, evaluate, develop and effectuate solutions to complex problems.
Ability to analyze large volumes of data and information for relevance against established high risk criteria.
Excellent research and analytical skills with strong attention to detail.
Accuracy, diligence, and the ability to deliver high-quality results within tight deadlines with a good sense of risk awareness.
Excellent communication and relationship development skills with a focus on collaboration.
Strong writing and communication skills.
Self-motivated, collaborative team player able to meet required timelines and a strong sense of accountability.

Responsibilities

Own, manage and oversee AML ongoing due diligence of entities and persons in scope: Lifecycle management program execution, and oversight of functional areas enterprise-wide that are engaged in executing processes that support or impact areas in scope of role, including initial and ongoing due diligence and enhanced due diligence.
Policy, program and process reviews to detect gaps, and for updates as warranted
Monitoring and analysis of process execution KPI and KRI metrics and reporting
Conduct complex state and federal regulatory review, and analysis maintaining and executing processes to inform and to drive compliance in the event of required change of implementation of new requirements.
Provide written detailed analysis of due diligence and enhanced due diligence criteria against applicable laws and regulations, including for senior and executive management.
Conduct research, analysis of applicable state and federal requirements.
Own, manage and oversee Sanctions (including OFAC), Politically Exposed Persons (PEP) program, and other critical information warranting adherence or action in scope of role, along with related regulatory requirements, bank sponsorship guidelines, and internal policies and procedures.
Establishes requirements for and review processing for OFAC/Sanctions and PEP initial screening.
Manage ongoing screening
Policy, program and process reviews to detect gaps, and for updates as warranted
Monitoring and analysis of process execution KPI and KRI metrics and reporting
Maintains current on issues, with thorough understanding of all that potentially impact money laundering, terrorist financing, and OFAC/Sanctions issues, including policies, procedures, regulations, industry best practices, criminal activities, and developing trends.
Partners with the Business Partners to ensure appropriate adherence to processes.
Partners with stakeholders, as necessary, in researching and maintaining lifecycle management of customers in compliance with applicable state and federal regulations, including directing and advising stakeholders in matters of regulatory compliance.
Collaborates with key stakeholders, business partners, senior leaders, and law enforcement to help ensure compliance with applicable BSA AML/CFT and Sanctions requirements as well as state and federal requirements for high risk merchants.
Identify and report trends, significant matters and compliance issues.
Develop reporting, including charts/analyses to highlight trends, correlations and key issues.
Make appropriate recommendations to improve controls and systems.
Develop awareness and “how to” training and tools to assist the company in understanding AML, OFAC/Sanctions, and due diligence and implementation of same.
Coach, lead and manage performance and productivity of direct reports