Chief Compliance Officer

[HYBRID]

CHIEF COMPLIANCE OFFICER - MIDTOWN, NYC BANKING

[Ability to communicate in Spanish - Written/Spoken]

SALARY: 250K-275K+ (or higher based on experience)

EXPERIENCE:

• Serving as Chief Compliance Officer for a FBO (Foreign Banking Organization) for at least 5 years
• Correspondent / Corporate Banking
• Policies & Procedures
• Sanctions
• Regulator Experience (NYSDFS, Federal Reserve, etc.)

Primary Responsibilities:

• The Chief Compliance Officer will be a member of the management team and will primarily be responsible for overseeing ensuring total compliance within the New York Branch of the organization and ensuring compliance with laws, regulatory regulations and requirements, and policies, and procedures.
• The Chief Compliance Officer will be responsible for following, establishing, updating, and implementing compliance standards while defining procedures to ensure that the compliance programs and procedures are efficient and effective and that they identify, prevent, detect, and correct noncompliance with all applicable laws and regulations.
• Develop compliance programs including that of BSA/AML/OFAC/FinCEN and update on an ongoing basis.
• Convene the Policy Review Committee meetings for development, review and enhancement of all compliance related policies and procedures and perform and/or co-ordinate, as appropriate, the annual compliance review of New York Branch as well as the pertinent policies and procedures and ensure that such policies and procedures are always up to date. This is an ongoing responsibility and encompasses regulatory compliance in line with the Branch's line of business, changes in the Bank Secrecy Act (BSA), AML laws and other applicable compliance related regulations and requirements.
• Review other policies and procedures of functional departments to ensure that they meet all requirements from the compliance perspective.
• Establish and maintain a compliance communication process throughout the New York Branch and ensure that any changes in the US Banking Laws and Regulations are communicated to all Branch and Head Office Personnel in a timely manner.
• Brief management on emerging examination and compliance issues, changes in the law, regulations, administrative rulings and Treasury, FRB and other applicable interpretations. Prepare and distribute monthly Regulatory Highlights. Provide advice on banking laws and regulations to business and logistics functions in assessing applicability to new and existing business needs.
• Conduct Compliance related meetings as per branch policies and participate as member of Internal Control Review Committees of Branch.
• Maintain daily regulatory tracking database.
• Maintain regulatory contacts database.
• Maintain a compliance library and other sources of information (e.g. Internet) relevant to laws and regulations affecting the Bank.
• Function as liaison to U.S. regulatory agencies (Federal Deposit Insurance Corporation, New York State Department of Financial Services and Federal Reserve Bank of New York) during Branch examinations and coordinating meetings during visits of Banks Executives. Be the central point of contact for OFAC and FinCEN officials.
• Coordinate bank regulatory examinations and internal audits. Ensure prompt response by taking corrective actions to detect deficiencies in examination / audit and reporting those to management and audit committee.
• Oversee first day letter responses/coordinate exam response letters.
• Oversee logistical needs of on-site examination teams.
• Co-ordinate responses with the Chief Executive, US operations / Vice Presidents & other staff members during Regulatory Examinations.
• Organize / attend management/examiner meetings.

Job Type: Full-time

Pay: From $275,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Flexible schedule
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Application Question(s):

• Do you have experience working with regulators such as the NYSDFS and Federal Reserve, coordinating with federal and state examiners and regulatory staff, and actively communicating and engaging with the FRB and SEC?
• This position is offering up to $275,000+ (or higher depending on skills and experience) plus benefits 100% paid for by the bank including Medical, Vision, Dental, STD, LTD, Life Insurance, and discretionary bonuses.

Is this within your salary requirements? If not, please advise - always open for negotiation

Experience:

• Correspondent/Corporate Banking: 8 years (Preferred)
• Foreign Banking: 5 years (Preferred)
• Senior Compliance Officer: 10 years (Required)

Language:

• Spanish (Required)

Ability to Commute:

• New York, NY Required)

Work Location: Hybrid remote in New York, NY 10169