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Wire Room Compliance Officer Posted on: 26/02/2019

Infinity Consulting Solutions, Inc
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  • NEW YORK-10010, NY, US

CAMS certification, Advanced Excel Skills

  • Job Description

    Wire Room Compliance Officer

    Major Responsibilities:

    Responsible for the compliance oversight of the daily operations of the bank’s branches wire transfer systems.

    Reviews and maintains records of wire transfer to ensure accurate processing.

    Provide quality, accuracy and timely customer service involving daily processing for financial transactions in a fast-paced, time sensitive operations environment, which includes the duties and responsibilities described herein.

    Process all incoming wire transfers according to set policies and procedures.

    Analyze outgoing wire requests to determine if they are in strict compliance with policies and procedures.

    Reports to BSA Officer and CCO concerning Wire Room Regulatory Compliance Issues.

    Review the purpose of the wire transfer and consider if is reasonable to effectively eliminate potential fraud/suspicious situations.

    Monitor and escalate anomalies and areas of notable deficiencies concerning wire room compliance.

    Assist BSA Compliance Officer to ensure that the branch’s BSA/AML procedures, manuals, trainings and programs are kept current and relevant for wire room operations.

    Communicate effectively with internal and external partners.

    Skills, Competencies, and Experience Needed:

    MANDATORY EXPERIENCE WITH DAILY WIRE ROOM OPERATIONS.

    MANDATORY EXPERIENCE WITH AML REGULATIONS AND REQUIREMENTS.

    Advanced Excel Skills and Data analysis skills are required.

    Knowledgeable with nested banking, correspondent banking, US Dollar Clearing, and overseas wire products.

    Experience with payment processing, check processing, ACH, EFT, Fedwire, CHIPS, SWIFT.

    Excellent communication skills and ability to provide feedback and advise business on AML compliance for wire room operations.

    Leadership skills and the ability to change roles as needed.

    Bachelor’s degree (Master’s Degree preferred)

    Preferred CAMS certification.

    Experienced of work experience within a financial institution, regulatory organization, or legal/consulting firm, or a combination of with at least 3-5 years’ experience working in an AML and/or Sanctions compliance function

    Thorough knowledge of and experience with AML regulations and requirements, including the
    Bank Secrecy Act, The USA PATRIOT Act, FFIEC BSA/AML Exam Manual guidelines,
    OFAC/Economic Sanctions and Suspicious Activity Reporting.

    Strong attention to detail, communication, collaboration, and organizational skills are required as well as the ability to prioritize workloads and deliver results in a time-sensitive environment.

    Effective oral and written interpersonal communication skills

  • Compliance Officer
    Compliance & regulatory
  • No Preference
    Contract Only
    Other
    1
  • Candidate Requirements
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    Bachelors
  • Walkin Information
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Recruiter Details
Doug Klares
1350 Broadway, Suite 2205, NEW YORK-10018, NY, US
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