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Anti-Money Laundering

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lyst is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the function and overall business. Evaluates moderately complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting situations using multiple sources of information. Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources. Strong communication and diplomacy skills are required. Regularly assumes informal/formal leadership role within teams. Involved in coaching and training of new recruits Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization. Work and performance of all teams in the area are directly affected by the performance of the individual.

Responsibilities:

  • Participates from inception through implementation, in cross-functional or cross business issues designed to ensure business compliance with laws, regulations, and policy requirements across key/complex risk levels.
  • Utilizes Issue Management processes and project management methodology from the initiation, planning, control requirements, execution, and closing phases of each issue; end results may include improved productivity, technology, processes, cost savings, and controls.
  • May support any area of the business (organizationally, regionally or product-wise) from an issue/project perspective; regular engagement with Senior Business Level Officers, Legal, Risk, and Compliance regarding complex matters.
  • Initiates and develops relationships with others throughout the business unit and the company in order to identify and understand business needs
  • Implement solutions to improve effectiveness and results
  • Ensure a culture of accountability, integrity and respect
  • Works issues/projects as assigned to support improvements
  • Identify and analyze escalated problems and provide guidance for resolution
  • Negotiate solutions and acts as a liaison with internal and external clients
  • Monitor, research and evaluate technological advances in the industry to identify appropriate alternatives for enhancing current department operations
  • Evaluate cost/benefits, make recommendations, develop and oversee implementation plans
  • Provides judgment based on analysis of factual information in complicated and unique situations
  • Directly impacts the area through shared responsibility for delivery of end results
  • Implement and develop controls to prevent risk within specialized business
  • Analyzes and identifies risk and performs analytical reporting
  • Acts as a consultant to the businesses regarding processes & controls
  • Drives corrective actions
  • Provides support to business activity owners and Third Party Risk and Control functions
  • Coordinates and assists with onsite reviews
  • Completion of compliance documentation and on boarding activities relevant to compliance due diligence.
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm’s reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

  • 5-8 years of control and/or project experience
  • High attention to detail and quality
  • Demonstrated analytical and problem-solving skills.
  • Effective planning and organizational skills
  • Proficient in Microsoft Office with an emphasis on MS Excel
  • Consistently demonstrates clear and concise written and verbal communication skills
  • Proven ability to make sound business decisions
  • Experience in creating and implementing processes that result in improved business performance
  • Ability to present a compelling case for ideas and initiatives through listening and articulating a convincing point of view
  • Required Licensing/Registration: AMLCA, ACAMS

Education:

  • Bachelor’s/University degree or equivalent experience

An equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

Municipal Credit Union has been serving the financial needs of its members for over 100 years. Headquartered in the financial district of Manhattan with assets of almost $3 billion, we serve over 500,000 members with 16 branches in the five boroughs. Currently, Municipal Credit Union is reinventing itself under new leadership with a mission of providing the best member service and exceptional value to our members. If you are interested in changing the status quo and making a difference in peoples’ lives, consider joining our new team! Municipal Credit Union offers a highly competitive total rewards package including retirement benefits, medical and dental plans, generous paid time off and much more.

POSITION OVERVIEW: The BSA/AML/OFAC Officer will be responsible for overseeing all aspects of the Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC) and Anti-Money Laundering (AML) compliance functions performed by the BSA Department and collectively implemented throughout Municipal Credit Union (MCU).

Specific duties include, but are not limited to, the following:

  • Develop and maintain MCU’s BSA/AML/OFAC program in accordance with applicable laws, regulations and prudent business practices.
  • Responsible for reporting to the Board and Senior Management on a periodic and routine basis the information necessary for them to effectively execute their responsibilities.
  • Responsible for ensuring that the non-BSA/AML and Investigations areas of MCU are fully apprised of the Department’s work and is expected to actively work on the relationship building and communication necessary to ensure the success of the Department, its staff and its mission.
  • Spearhead communications and relationship building between the Department, internal stakeholders and external stakeholders.
  • Responsible for the periodic, routine execution and results of a qualified, appropriate validation/optimization of the automated solutions.
  • Provide periodic BSA/AML/OFAC metrics to critical parties as required or requested.
  • Ensure appropriate documentation is maintained and available for internal/external audits and legal requests.
  • Gather metrics from across the Department and other operational areas to justify, support or make recommendations for changes to the processes used by the Department to execute its BSA/AML/OFAC operational responsibilities.
  • Serve as the Quality Assurance reviewer for any work performed directly by the Assistant BSA Officer, including drafted SARs, employee-related matters and other sensitive subjects.
  • Responsible for ensuring appropriate training to the Board, Supervisory Committee and employees, including new employees. This includes working with Human Resources to assign appropriate annual BSA/AML/OFAC training to all staff, new and existing as well as annual security awareness training.
  • Complete annual BSA/AML/OFAC training requirements and keeps current with Money Laundering, Terrorist Financing trends and sets the example for the importance of ongoing training.
  • Participate in the credit union activities, such as the Disaster Recovery Test and Business Continuity Test.
  • In conjunction with the Assistant BSA Officer, establishes and oversees MCU’s BSA/AML program and OFAC program so that they operate in accordance with all applicable laws, rules and regulations. This includes, but is not limited to performing, or causing to perform, risk assessments, and establishing or causing to be established appropriate policies and appropriate procedures (collectively “BSA/AML and OFAC Programs” or “Programs”).
  • Oversee all responsibilities assigned to the Assistant BSA Officer, Senior Investigator, Investigator and/or Analyst roles, as needed.
  • Responsible for ensuring MCU enrolls annually in FinCEN 314(b) participation activities.
Qualifications:

  • Bachelor’s Degree preferred in a science, law or math discipline or equivalent working experience.
  • A minimum of ten years of related experience in a financial institution or in an investigatory/law enforcement position.
  • Must have a solid understanding of the application of the BSA, USA PATRIOT Act, OFAC and related regulations to MCU.
  • Must have knowledge and an understanding of Federal, State and Local criminal statutes.
  • Must have an understanding of alarm and surveillance systems.
  • CAMS and CFE certifications a plus.
  • Excellent analytical skills.
  • Ability to proactively establish and build relationships internally and externally.
  • Ability to interpret and understand laws and regulations.
  • Ability and desire to develop staff.
  • Highly ethical.

Municipal Credit Union provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

A banking company in New York City is currently seeking a new Know Your Client (KYC) Operator for a promising position with their growing staff. In this role, the Know Your Client (KYC) Operator will be responsible for focusing on client onboarding (COB) and exceptions in line with regulatory standards and jurisdictions.Responsibilities:

The Know Your Client (KYC) Operator will:

  • Provide regular communication to Senior Bank stakeholders on changes in KYC, Anti Money Laundering (‘AML’) and Anti Financial Crime (‘AFC’) areas and ensure any changes required are implemented with minimum disruptions
  • Assist the company’s clients by managing all KYC and account opening requirements with appropriate governance and controls
  • Operate in an environment of strict adherence to Standard Operating procedures (‘SOP’s) and Operation Level Agreements (OLA’s) to achieve accurate and timely account opening to help execute trades

Qualifications:

  • 2+ years of Know Your Client (KYC) experience
  • Bachelor’s Degree in a related field
  • Computer savvy
  • Solid analytical, mathematical, and research skills
  • Great interpersonal skills
  • Excellent communication skills (written and verbal)
  • Strong attention to detail
  • Highly organized

Desired Skills:

  • Bilingual (English and Portuguese)

Eclaro International is currently recruiting for KYC Analyst for one of our financial services clients.

Job Description:

  • Focuses on client onboarding (COB) and exceptions in line with regulatory standards and jurisdictions
  • Provides regular communication to senior Bank stakeholders on changes in KYC, Anti Money Laundering (‘AML’) and Anti Financial Crime (‘AFC’) areas and ensures any changes required are implemented with minimum disruptions
  • Also assists the Bank’s clients, managing all KYC and account opening requirements with appropriate governance and controls
  • They operate in an environment of strict adherence to Standard Operating procedures (‘SOP’s) and Operation Level Agreements (OLA’s) to achieve accurate and timely account opening to help execute trades
  • Fluent in Portuguese preferred

Job Type: Contract

Language:

  • portuguese (Preferred)

Contract Length:

  • 5 – 6 months

Work Location:

  • One location