Heitmeyer Consulting

Apply Now

Job Title: Compliance Officer – BSA/AML/OFAC
Location: Preferred locations would be Atlanta, Milwaukee, Boston, but position is 100% remote and candidates could work from any location.
Duration: 6 months, highly likely to convert to FTE

Job Summary

Heitmeyer Consulting is seeking a Compliance Officer for our client. This person will be responsible for the oversight of all compliance related activities for regulated entity/line of business including acting as BSA/AML/OFAC Compliance Officer. Candidates with ACAMS certification are preferred. 

Job Description

Responsible for managing enterprise wide regulatory compliance activities through individual contribution and/or leading subordinates to ensure the achievement of annual objectives

  • Track, review and communicate pending and passed regulations, agency guidelines or directives to impacted lines of business and assist in setting priorities for regulatory issues that must be addressed by the business.
  • BSA/AML/OFAC Compliance Officer duties include responsibility for CIP/CDD verification and research/follow-up; SAR filings; suspicious activity monitoring; and BSA/AML/OFAC training.
  • Responsibility for sanctions compliance and monitoring the OFAC process and related reporting/follow-up.
  • Monitors and communicates regulatory changes that impact products, services and business activities.
  • Develops, modifies and executes company policies that affect immediate operations.
  • Oversees development and implementation of compliance program policies and standards as well as addressing other required regulatory policies.
  • Responds to issues and matters pertaining to regulatory compliance of financial products, services and business activities.
  • Performs periodic reviews and evaluations of company products, services and business activities to validate compliance with applicable laws and regulations or detect regulatory violations, weak controls or other potential areas of exposure.
  • Assists in providing final disposition of any discrepancies regarding compliance issues.
  • Ensures strategic objectives of the Compliance & Ethics Program are met, including execution of risk assessment activities, coordination of risk response and program testing and validation.
  • Identifies key business processes, performs evaluations of risk, assesses the effectiveness of controls and promotes improvement across the organization through the deployment of risk response activities.
  • Designs and deploys processes to validate products, services and business activities meet all applicable regulatory requirements.
  • Participates in corporate development of methods, techniques and evaluation criteria for projects, programs and people.
  • Creates and delivers training to other business areas to increase compliance awareness.
  • Develops and motivates staff.
  • Maintains knowledge of applicable laws and regulations.
  • Offers guidance on implementing regulatory changes.
  • Communicates detailed requirements to line of business, validate solution approach and monitor status.
  • Provides compliance reviews and direction for new and expanding products and services.
  • Conducts compliance assessments and provides direction on any deficiencies detected by those assessments.
  • Meets with business unit Compliance Officers on a regular basis for status updates on compliance issues.
  • Monitors line of business compliance activities to verify that regulatory compliance deadlines and requirements are met.
  • Participates in training promoting compliance awareness.
  • Identifies areas of potential improvement.
  • Provides updates for periodic reports.
  • Interfaces with legal counsel and federal, state, and local agencies, as needed to address regulatory or compliance issues, concerns or questions.
  • Assists the business with responses to customer compliance-specific questions and concerns.
  • Participates with and/or leads customer focus and advisory groups.
  • Prepares and approves internal and customer communications covering compliance issues (bulletins, position statements, monthly reports, etc.
  • Other related duties assigned as needed.

Education

  • Bachelor’s degree in business administration or law or the equivalent combination of education, training, or work experience.

Required Skills

  • Communicates ideas both verbally and in written form in a clear, concise, and professional manner
  • Comprehensive knowledge of at least one substantive area of compliance, such as banking regulations, anti-money laundering, or anti-corruption
  • Excellent analytical skills
  • Ability to understand technical documents and legal or regulatory reference materials
  • Ability to understand and apply learned concepts
  • Demonstrated ability to plan and complete work within tight time limitations
  • Ability to apply creative problem solving techniques and tools to compliance issues
  • Ability to follow and conduct a compliance monitoring program
  • Ability to provide information to a variety of audiences and deal effectively with confidential issues that are sensitive in nature
  • Ability to share information with awareness of its effect on others
  • Requires strong management skills, as well as strong organizational, team building, coaching and mentoring skills
  • General business skills, industry knowledge, financial management and planning skills, long-term vision, and executive presence
  • Above average knowledge of lending, deposit, AML and/or tax laws and regulations
  • Ability to identify, address and resolve employee related issues
  • Strong analytical, statistical, and problem solving skills
  • Ability to utilize judgment in decision making process and decisions related to job tasks
  • Excellent skills in communicating ideas both verbally and in written form in a clear, concise and professional manner including presentation
  •  Ability to communicate effectively with all levels of management in an organized, professional manner
  • Skill in productivity, planning, and workload management
  • Skill in negotiation regarding complex issues
  • Ability to provide information to a variety of audiences and deal effectively with confidential issues that are sensitive in nature
  • Ability to share information with awareness of its effect on others

Preferred Qualifications

ACAMS certification

Heitmeyer Consulting is an equal opportunity employer and we encourage all qualified candidates to apply. Qualified applicants will be considered without regard to minority status, gender, disability, veteran status or any other characteristic protected by law.
 

Apply Now

  Apply with Github   Apply with Linkedin   Apply with Indeed
  Stack Overflow