Compliance Quality Assurance Specialist

Company Description For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we've enjoyed fundamentally comes down to our people. Here at IDB, you'll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive. Job Description The Compliance Quality Assurance Specialist works under the Quality Assurance Officer as well as with the Financial Intelligence Unit (FIU) Investigations Director, the Deputy OFAC Officer, and the Head of the Customer Intelligence Unit (CIU). Primary responsibility will be to conduct QA testing on AML investigations, Sanctions, Due Diligence, and/or KYC in order to provide guidance on various components of the operational work output to ensure the output of these units are being conducted in an efficient manner with adherence to guidance, policies, procedures, and regulatory expectations. Additional responsibilities include providing all necessary support to the FIU, CIU, and Sanctions organizations to ensure that the Bank is in compliance with BSA/AML regulatory requirements. This individual must have strong understanding of industry standards as it relates to QA as well as banking transactions and knowledge of laws and regulations relating to the Bank Secrecy Act, PATRIOT Act, FinCEN SAR filing requirements, KYC, SAR, Due Diligence, and CTR. Primary responsibilities include: Conducting QA reviews in accordance with defined criteria as set forth in procedures, guidance documents, and other requirements Tracking action items and assisting with reporting Making recommendations to enhance the processes and procedures for both QA and the Compliance organizations being tested In addition, this individual is also expected to multi-task ad hoc projects when requested by management Expected to keep track of new regulatory changes or major AML, political, economic, and financial developments and present or help present such findings to the QA Officer and/or the Compliance organizations being tested #LI-Hybrid Qualifications 3 - 5 years of experience in Audit, OFAC, AML Investigations, KYC, Due Diligence or equivalent, and a solid working knowledge of BSA/AML case management systems and preferably at least 2 years performing quality related Compliance reviews. Knowledge of Compliance processes and AML reporting requirements within the financial services industry Ability to communicate effectively to management both orally and in writing. Strong analytical skills; excellent follow through and attention to detail, consistent sound judgment, independent decision-making skills, proven leadership abilities, strong organizational skills and excellent time management. Ability to work independently and with minimal supervision while performing multiple tasks and meeting challenging deadlines. Excellent working knowledge of MS Word, Excel and PowerPoint. Bachelor's degree in finance, economics, criminology, or other related fields. Broker/Dealer background and knowledge is desirable Fluency and knowledge of Spanish, Portuguese and/or Hebrew is desirable. CAMS and CFE designation is a plus. Working knowledge of the Actimize transactional monitoring platform is a plus Compensation The expected annual salary for this position is between $90,000 and $110,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual's skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement. Additional Information The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank: Those with a known mental or physical disability. Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions. Victims of domestic violence, sex offenses or stalking. Employees with religious observance and practice obligations. Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual's accommodation needs; potential accommodations that may address the individual's accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer. The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee's request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law. Disclaimer The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed. All your information will be kept confidential according to EEO guidelines. IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.

Created: 2024-10-19