VP, Compliance QA
Company: Michael Page
Location: New York
Posted on: April 15, 2024
Job Description:
This consultant would focus on overseeing Quality Assurance
processes for the bank's BSA/AML & Sanctions Program, including
reviewing end-to-end processes. Responsibilities also include
assessing and validating remediation efforts for issues identified
in regulatory exams, internal audits, and self-assessments, as well
as monitoring, tracking, and internally reporting
compliance-related issuesClient DetailsOur client is one of the
largest and most prominent banks globally. It is a state-owned bank
headquartered in Beijing, China and has been around for 50+ years.
Our client offers a wide range of financial services, including
commercial banking, investment banking, asset management, and
insurance services.DescriptionConduct comprehensive end-to-end
compliance reviews covering AML, Sanctions, KYC, Training, and Risk
Assessment functions.
- Develop detailed QA work papers outlining testing procedures
and findings.
- Produce well-crafted QA reports, highlighting
compliance-related observations and suggesting industry best
practices.
- Assist in compliance activities and remediation efforts
company-wide.
- Ensure the Branch's QA program remains adaptable to U.S.
regulatory changes.
- Evaluate the effectiveness of internal controls managed by
compliance departments.
- Employ a risk-based sampling approach to test and validate
compliance processes and internal controls.
- Testing encompasses the Compliance Program, including BSA/AML,
Sanctions, Training, and Risk Assessment.
- Evaluate compliance staff's adherence to established
procedures, including:
- Reviewing completeness and accuracy of KYC profiles.
- Assessing the quality of customer due diligence
activities.
- Ensuring completeness and timeliness of alert/case
investigation processes and SAR filings.
- Collaborate with internal departments to ensure seamless
communication and coordination.Profile
- Bachelor's degree or higher
- CAMS certified is preferred
- 5+ years within financial services with exposure to Compliance
Quality Assurance, Monitoring and Testing, Financial Crime and/or
Internal Audit experience within a financial organization and/or a
regulatory agency
- Strong written skills, along with being highly organized
- Exposure to the FRBl, FFIEC, DFS, and OFAC
- Experience accessing and writing compliance policies and
procedures
- Immediately available for work and able to work in the Midtown
NYC office 5 days a weekJob OfferThis consultant position is
offering a market hourly rate and has the ability to be a long term
contract or permanent position.If you are qualified and interested,
please apply through this posting! MPI does not discriminate on the
basis of race, color, religion, sex, sexual orientation, gender
identity or expression, national origin, age, disability, veteran
status, marital status, or based on an individual's status in any
group or class protected by applicable federal, state or local law.
MPI encourages applications from minorities, women, the disabled,
protected veterans and all other qualified applicants.
Keywords: Michael Page, Wayne , VP, Compliance QA, Executive , New York, New Jersey
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