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Compliance Analyst
Ref No.: 17-00605
Location: HOBOKEN, New Jersey
 Our client, A Prestigious International Bank is looking for a Complience Analyst to join their team. 

Assist the Bank's Bank Secrecy Act Compliance Officer (the "BSACO”) to ensure the Bank maintains an effective BSA/AML Compliance Program.  Assist the manager of Regulatory Compliance Department ("RCD”) to ensure the Bank maintains an effective Corporate Compliance Program.

JOB FUNCTIONS/DUTIES AND RESPONSIBILITIES
BSA/AML/OFAC:
Responsibilities may be delegated by BSACO after appropriate training.

 
  • Conducts necessary searches as required by OFAC/FinCEN regulations (including FinCEN 314(a) and Section 311)
  • Prepares accurate set of BSA Daily Monitoring Reports for the BSACO’s review.
  • Monitors transaction activities within each customer’s account(s) and compares that activity against the customer’s existing BSA/AML profile.
  • Prepares periodic monitoring reports of BSA/AML higher risk countries.
  • Conducts Politically Exposed Persons (PEPs) searches for customers for BSACO’s review.
  • Works with relevant departments to prepare and update Customer Profiles and BSA Risk Matrices. 
  • Determines the accuracy of the existing Customer Profiles including customer due diligence documents (AML Questionnaires, USA PATRIOT Act certificates, etc.)
  • Acts as the first backup to the BSACO upon his/her absence.
CORPORATE COMPLIANCE and other general responsibilities:
  • Acts as the Secretary of quarterly General Compliance Meetings including preparation of the Meeting Minutes.
  • Assists the manager of RCD to perform annual corporate compliance risk assessment.
  • Conducts corporate compliance testings based on the annual plan and report the results in the General Compliance Meeting.
  • Reviews designated RCD procedures at least annually.
  • Analyzes internal compliance-related reports and conveys the results to management.
  • Arranges bank-wide compliance seminars.
  • Conducts compliance training sessions for new employees.
  • Assist the manager of RCD for preparation of other periodic compliance-related meetings.
  • Performs all duties and responsibilities as assigned by management.
  • Improves database and filing methods for the department.
REQUIREMENTS
  • Bachelor’s degree or equivalent in Business, Banking or Finance
  • At least 2-3 years’ experience in banking compliance specifically related to BSA/AML and corporate compliance regulatory requirements
  • Basic knowledge of SWIFT platform preferred
  • Basic knowledge and understanding of banking and global custody preferred
  • Strong attention to detail and ability to generate accurate reports
  • Excellent communication in both oral and writing and interpersonal skills
  • Ability to organize compliance meetings including the preparation of minutes
  • Ability to perform multi-tasks with excellent time management skills
  • Excellent PC skills (MS Word, Excel, Internet)