Worldwide recruitment company

Senior Compliance Analyst

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Position

Senior Compliance Analyst

About Our Client

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Job Summary

• - Senior Compliance Analyst is responsible for organizing, executing, processing and reporting of
• assigned roles to facilitate IBKNY compliance with regulatory requirements, including those related to
• Bank Secrecy Act (“BSA”)/Anti-Money Laundering (“AML”), Sanctions, and Corporate Compliance.
• - Senior Compliance Analyst should assist and collaborate on key compliance initiatives with the Deputy
• Compliance Officer and US Compliance Officer.
• - Senior Analyst should assist in training and providing guidance regarding IBKNY compliance
• requirements to other compliance analysts, new joiners, and business line managers.

Job Description

• - Conducting Customer Due Diligence (“CDD”) and/or Enhanced Due Diligence (“EDD”) on clients in
• accordance with the IBKNY procedures
• - Performing periodic and event driven reviews on clients in all risk classes in accordance with the IBKNY
• procedures
• - Performing due diligence research on client profiles such as politically exposed person (“PEP”) status,
• beneficial ownership, correspondent banking, and sanctions-related issues
• - Reviewing KYC documentation provided by the business lines for accuracy and inconsistencies, and to
• assess the AML risk of the account
• - Liaising with business lines, functional units, and clients to provide advice and acquire missing client
• KYC information and documentation
• ? Transaction Monitoring:
• - Monitoring and conducting investigations on alerts generated by, and cases created in, IBKNY’s
• Transaction Monitoring System (“TMS”)
• - Reporting unusual or potentially suspicious alerts and cases to the BSA/OFAC Officer for further review
• - Liaising with business lines, functional units, and clients to resolve flagged customer activity and lead
• investigations
• - Conducting continuing activity investigations, as required, and gather information for internal and
• external documentation requests
• - Draft and, upon approval, file Suspicious Activity Reports (“SAR”) based on the investigations
• conducted
• ? Sanctions Screening:
• - Reviewing and dispositioning sanctions alerts generated during sanctions screening
• - Reviewing transactions and making recommendations regarding blocking/rejecting and assisting with
• completion of Office of Foreign Assets Control (“OFAC”) block/reject reports
• - Reviewing and making recommendations regarding potential sanctions issues requiring escalation
• - Screening the customer database and IBKNY internal lists when sanctions watchlists are updated
• - Performing Specially Designated Nationals (“SDN”) update screening against the Branch Good Guy list
• and customer data
• - Maintaining and updating Good Guy list and Branch Black list by adding, removing, and revising
• entries
• - Confirming that updated sanctions watchlists provided by the vendor are properly loaded in the
• sanctions screening system
• ? Risk Assessment:
• - Assist and participate in the periodic risk assessment process of BSA/AML and Sanctions risks to IBKNY
• - Assist and participate in IBKNY’s periodic assessment of geographic locations and countries risks for
• AML and Sanctions
• ? Compliance Testing and Quality Assurance:
• - Perform BSA/AML, Sanctions, and Corporate Compliance Testing at the direction of the US
• Compliance Officer to test key controls and identify weaknesses/deficiencies and improvement
• opportunities of control processes used to maintain compliance
• - Draft Compliance Testing Reports and form recommendations and action plans to address deficiencies
• or improvement opportunities
• - Assist the Deputy Compliance Officer and US Compliance Officer in conducting Quality Assurance
• (QA) reviews of Transaction Monitoring cases, Sanctions alerts, and KYC profiles.
• ? Other Compliance:
• - Provide critical support to the U.S. Compliance Officer and the Deputy Compliance Officer
• - Assist the Deputy Compliance Officer and US Compliance Officer with matters related to internal
• audits and regulatory examinations
• - Execute ad hoc compliance-related projects
• - Complete Section 314(a) screenings, manual monitoring of loans and third party checks, and assist
• with various verification testing, optimization/tuning, and updates for the transaction monitoring and
• sanctions screening systems

Qualifications

• ? A bachelor's degree or equivalent required
• ? 3+ years of working experience in compliance required
• ? CAMS (Certified Anti Money-laundering Specialist) Certification required
• Preferred Skills
• ? Strong speaking and writing skill
• ? Ability to prioritize among different tasks; multi-tasking
• ? Project management skills
• ? Leadership/Mentorship skills
• ? Proficiency with Transaction Monitoring and OFAC/Sanctions monitoring systems

What's On Offer

Apply online or feel free to contact us directly for more information about the opportunity. Due to the high volume of applicant, we regret to inform that only shortlisted candidates will be notified. Thank you for your understanding.


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