Jobe Details

AML/BSA Risk Assessment Consultant Posted on: 11/03/2019

Infinity Consulting Solutions, Inc
  • 5 to 7 Year(s)
  • -
  • NEW YORK-10031, NY, US

PPT, Chinese language

  • Job Description

    Risk Assessment consultant

    Job Description:

    Manage and update product risk rating methodology and the inventory of products and their ratings

    Assist in enhancing and updating the BSA/AML and OFAC Risk Assessment Methodology, developing annual risk assessment plan, executing and documenting the risk assessment with supporting documentation and reporting the results to senior management

    Assist in enhancing Risk Appetite Frameworks, focusing on metrics design to help and manage existing and potential compliance risks

    Maintain effective channels of communication with business and other units to understand
    BSA/AML and OFAC risks and internal control mitigants for each area

    Review, identify and document BSA/AML & OFAC inherent risks related to Geography,
    Products/Services, Customers and Counterparties

    Perform a critical review of assigned businesses and other units’ mitigating controls for
    BSA/AML and OFAC (Controls, Policy, Procedures and Systems)

    Understand, monitor and incorporate specific BSA/AML and OFAC risks as well as the Bank’s mitigating internal controls relating to customers, products & services, and geographies for assigned business units

    Conduct both a quantitative and qualitative analysis on all the risk assessment factors

    Assist in executing the BSA/AML and OFAC risk assessments with the goal for the continual improvement of the Bank’s risk assessment methodology and overall compliance program

    Assist in retaining documentation/information and maintain AML Committee meeting minutes related to BSA/AML and OFAC Risk assessment as well as to other AML Compliance matters

    Assist in maintaining Tracker for identified control assessment gaps and coordinate with other stakeholders for resolution of gaps

    Assist in communication with key stakeholders in bank’s three lines of business and
    Communicating risk assessment results to senior management, regulators and business lines

    Job Requirement:

    Bachelor’s degree or above

    5 years of BSA/AML and OFAC related working experience for conducting risk assessment, coordinating with various parties and present to different stakeholders.

    Excellent in writing and in PPT

    Hands-on experiences in enterprise wide BSA/AML and OFAC risk assessment

    Chinese language skills are preferred but not required.

  • BSA/AML/SAR Analyst
    Compliance & regulatory
  • No Preference
    Contract Only
  • Candidate Requirements
  • Walkin Information
Recruiter Details
Doug Klares
1350 Broadway, Suite 2205, NEW YORK-10018, NY, US
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