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BSA/AML Compliance Officer (VP Level)

Hiring Company Industry: Financial Services
Number of Employees: 10,000+ Employees
Total Compensation: $120K
     - Base Salary: $120K
     - Bonus / Commission: Bonus
Reports to: Chief Compliance Officer
Location: New York, NY
Position Filled

Our client, a top global Financial Services firm, is seeking an experienced BSA/AML Compliance Officer (VP Level) with a strong background in BSA, AML, OFAC and KYC.

Position Responsibilities

  • Provide overall management of the daily operation and monitoring of firm’s BSA, AML, OFAC and KYC Compliance programs
  • Ensure the BSA/AML Compliance Program is in line with current industry best practices and is both efficient and effective in terms of current BSA, AML, OFAC and KYC governance and internal controls per all applicable BSA, AML, OFAC and KYC requirements
  • Proactively update the Chief Compliance Officer and the In-Office Compliance Committee  of ongoing BSA, AML, OFAC and KYC issues
  • Personally draft the firm’s AML and OFAC Risk Assessments and Money Laundering Survey
  • Maintain a sustainable, effective and efficient BSA, AML, OFAC and KYC Compliance Program and make appropriate enhancements as necessary
  • Devise and assist with the administration of general and business-specific BSA, AML, OFAC and KYC related training programs for firm employees
  • Act as the front line Compliance coordinator for all internal audits, Compliance Department examinations and regulatory examinations of the firm’s BSA, AML, OFAC and KYC Compliance Program
  • Address any audit or examination findings accordingly
  • Assist in the development and enhancement of BSA, AML, OFAC and KYC/CIF Compliance automation, including reviewing specifications, participating and evaluating through testing and making recommendations

Position Requirements

  • Bachelor's Degree
  • Advanced degree (J.D. or Master’s) is a plus
  • Minimum of 5 years BSA/AML experience
  • Industry certification such as the Association of Certified Anti-Money Laundering Specialists (ACAMS) strongly preferred
  • Extensive knowledge of current anti-money laundering regulations, policies and reporting requirements per the Bank Secrecy Act and USA PATRIOT Act
  • Hands-on BSA/AML experience
  • Excellent written and verbal communication skills
  • Proven investigative and SAR filing experience at a financial institution
  • Prior staff management experience and the ability to multi-task
  • Prior experience interacting with regulators and auditors
  • Detailed understanding of complex OFAC regulations to assess transactions and business deals
  • Knowledge of OFAC risks associated with products, business lines and countries in order to accurately assess and draft a comprehensive OFAC Risk Assessment
  • Thorough knowledge of federal and state banking laws and regulations
  • Strong leadership abilities and be able to capably make important decisions regarding the BSA, AML, OFAC and KYC Compliance Program
  • Strong relationship and project management skills
  • Hands-on experience in the implementation and testing of automated monitoring, filtering and database systems (and vendors that provide them) that enable BSA, AML, OFAC and KYC processes to be more efficient and effective






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