Compliance Director

Summary/Objective

In Financial Crimes Compliance (FCC), you will play the lead role in identifying potentially suspicious activity, protecting vulnerable individuals, and safeguarding the integrity of the financial system. FCC is being enhanced with a new Compliance Director role to coordinate day-to-day implementation of the Company's financial crime prevention efforts, including execution of the Company's Anti-Money Laundering (AML), Sanctions, Anti-Corruption and Anti-Fraud Compliance programs.

If you are passionate about financial crimes prevention, seeking a rewarding and dynamic career, and focused on making a difference, join us to lead our FCC function as part of the Legal and Compliance Team’s efforts to enhance and implement new processes and tools, and further develop compliance policies and procedures, governance, and oversight.

 

Essential Functions/ Responsibilities

The FCC function is responsible for evaluating client relationships that pose the financial crimes risk, while also serving as a check and challenge over the first line's execution of enhanced due diligence. As the Compliance Director leading the FCC function, you will:

• Develop and implement Anti-Money Laundering, Sanctions, Anti-Corruption and Anti-Fraud Compliance programs and procedures
• Work closely with the Head of Compliance and Head of Legal in executing against multiple workstreams to mitigate relevant AML, sanctions, bribery and fraud risks
• Partner with business leaders and systems developers to design streamlined programs for various products.
• Provides training and guidance on policy and procedures to various stakeholders
• Implement and run all systems used for KYC/CIP, due diligence, transaction monitoring and investigations
• Develop a monitoring and testing program for all first-line financial crimes compliance activities
• Prepare financial crime and fraud metrics and reporting for management by collecting and analyzing information
• Review enhanced due diligence for both new and existing higher risk clients including analyzing corporate structures and other documentation as necessary
• Analyze and escalate financial crimes negative news as necessary
• Determine and provide guidance on the appropriate client risk ranking
• Review of client accounts for potential matches to designated sanctions targets and prohibited persons lists
• Engage various third-party and internal databases to assist with due diligence searches as needed
• Manage the build out of a small team of financial crimes professionals.
• Manage outsourced audits for FCC related areas.
• Manage the sponsor/partner bank contractual relationships as they related to FCC (BSA/AML) requirements.

 

Supervisory Responsibility

This position has no direct supervisory responsibilities, but does serve as a coach and mentor for other positions in the department.

 

Education and Experience

• The successful candidate should have a minimum of 5-7 years of experience in addressing financial crime and fraud risk and have a deep understanding of the AML, Sanctions, and Bribery laws and regulations.
• The candidate will need experience in drafting policies and procedures, conducting investigations, performing risk assessments, testing, and monitoring, third-party risk management, data analysis, and metrics reporting.
• Experience building FCC related programs.
• Experience working with payments or other financial services firms would be an advantage, but not essential.
• Bachelor's degree or equivalent military experience
• Strong analytical skills
• Excellent written and verbal communications skills, attention to detail and strong time management skills
• Ability to interact in a mature and professional manner with a variety of individuals
• Demonstrates initiative, good judgement, and can adhere to deadlines.
• Ability to interact with business unit personnel and be willing to receive and apply feedback on work product from leaders

• Excellent communication and business partnership skills.
• Teamwork skills – the candidate must be flexible in their work style and be able to work appropriately with stakeholders and colleagues at all levels and across multiple time zones.

• Degree in Business, Law, or professional experience and CAMS certification preferred.
• If not, currently CAMS certified, agree to obtain CAMS certification within first 15 months of employment

 

Work Environment

This job operates in a professional office environment. This role routinely uses standard office equip