Clearing AVP and BSA Officer

  • commensurate with experience
  • New York, NY, USA
  • Permanent, Full time
  • Non-disclosed
  • 13 Feb 18 2018-02-13

The incumbent will coordinate and supervise BSA, AML and OFAC within the Paying and Receiving Section in the Clearing Department.

Job Duties

Include but are not limited to:

  • BSA/AML/OFAC Compliance
    • Ensure the principles of the organization’s risk appetite statement of money-laundering risk are followed by team members
    • Maintain and update department BSA compliance policy and procedures
    • Ensure dissemination, delivery and compliance of BSA policy procedures
    • Communicate potential BSA suspicious activities to supervisors
    • Maintain latest BSA knowledge and understanding of industry practices
    • Inform supervisor of need for additional training and/or policy/procedure enhancements
  • Operation
    • Ensure internal operation system and procedures are in compliance with Chips and Fedwire rules and regulations (OFAC)
    • Authorize payments
    • Resolve payment problems

Job requirements

  • 5-10 years of work experience in money transfer
  • 5-7 years of BSA experience
  • Bachelor’s degree in relevant field or above, Master’s degree preferred
  • Ability to analyze and interpret technical procedures and governmental regulations
  • Adept at working with mathematical concepts
  • Accounting experience a plus
  • Bilingual abilities preferred