Our Client is a financial institution headquartered in New York City, renowned for its comprehensive banking services, innovative solutions, and unwavering commitment to excellence. We serve a diverse clientele that spans across multiple continents, and we are dedicated to maintaining the highest standards of integrity, compliance, and customer service.
Position Overview: We are seeking a highly experienced and dynamic Chief Compliance Officer (CCO) to join our executive team. The CCO will be responsible for leading and managing the bank's compliance function, ensuring adherence to all applicable regulatory requirements, and mitigating compliance risks. This role demands an individual with extensive experience in correspondent banking and a deep understanding of international regulatory frameworks.
Key Responsibilities:
- Leadership & Management:
- Develop, implement, and oversee the bank's comprehensive compliance program.
- Lead and mentor the compliance team, fostering a culture of integrity, accountability, and continuous improvement.
- Advise senior management and the board of directors on compliance issues and regulatory changes.
- Correspondent Banking:
- Oversee compliance processes related to correspondent banking activities.
- Ensure due diligence and ongoing monitoring of correspondent banking relationships.
- Address and mitigate risks associated with correspondent banking, including anti-money laundering (AML) and counter-terrorist financing (CTF) concerns.
- Regulatory Compliance:
- Ensure the bank’s operations comply with local, federal, and international regulations, including but not limited to the Bank Secrecy Act (BSA), USA PATRIOT Act, and Foreign Corrupt Practices Act (FCPA).
- Stay updated on regulatory changes and advise on their impact on the bank's operations.
- Coordinate with regulatory agencies and manage examinations and audits.
- Policy Development & Implementation:
- Develop and enforce compliance policies, procedures, and standards.
- Conduct risk assessments and implement controls to mitigate compliance risks.
- Oversee compliance training programs to ensure all employees understand regulatory requirements and best practices.
- Monitoring & Reporting:
- Monitor compliance with internal policies and external regulations.
- Investigate and address compliance issues, breaches, and incidents.
- Prepare and present compliance reports to the senior management and the board of directors.
Qualifications:
- Bachelor’s degree in Finance, Law, Business Administration, or related field; advanced degree preferred.
- Minimum of 10 years of experience in compliance within the banking industry, with a strong focus on correspondent banking.
- In-depth knowledge of U.S. and international banking regulations, including AML/CTF laws.
- Proven experience in managing relationships with regulatory bodies.
- Strong leadership, communication, and analytical skills.
- Ability to navigate complex regulatory environments and provide strategic compliance guidance.
Skills & Attributes:
- High ethical standards and integrity.
- Exceptional problem-solving abilities.
- Strong interpersonal skills and the ability to work effectively with diverse teams.
- Detail-oriented with excellent organizational skills.
- Proactive and able to work under pressure in a fast-paced environment.
- Spanish preferred but not required
This position is bonus eligible.
Job Type: Full-time
Pay: From $250,000.00 per year
Physical setting:
Schedule:
Work Location: In person