Compliance director

Job Description:

BSA/AML Compliance Director

Guggenheim Securities

Position Summary

The BSA/AML Director develops, implements, administers, and maintains all aspects of

the bank’s Bank Secrecy Act/Anti-Money Laundering Compliance Program. He/she ensures the

program functions at a high level of compliance with the BSA/AML related laws and regulations,

internal policies and Federal regulatory expectations. The Bank Secrecy Act Director is required to

be fully knowledgeable and skilled in all areas of BSA/AML compliance and to independently

recognize, develop, and implement effective compliance related solutions for the BSA/AML

program.

Essential Job Functions

• Coordinates and oversees an effective Bank Secrecy Act/Anti-Money Laundering/OFAC
• Compliance Program that is in compliance with current industry best practices, regulatory
• guidance and requirements.
• Develops, implements, administers and enhances the BSA/AML/OFAC/USA Patriot Act monitoring systems to ensure that appropriate parameters are in place to identify suspicious and/or fraudulent activity.
• Establishes and maintains an effective CDD/EDD risk rating and monitoring program to include initial and ongoing assessments, and reviews and analyzes unusual account activity.
• Establishes and maintains appropriate SAR investigation, reviews and reports processes that promote consistent decisions; adequate investigation and research; and completes detailed documentation.
• Conducts BSA/AML/OFAC risk assessments at least annually with consideration to products, services, members and geographies that may present BSA/AML/OFAC related risks.
• Acts as a liaison/contact for examinations, internal audit and external audits of the BSA/AML compliance programs. Responds to exams and audit concerns and oversees corrective action of all related compliance deficiencies.
• Updates and revises BSA/AML/OFAC and all other compliance policies and procedures.
• Administers BSA/AML/OFAC related training programs for directors, management and employees and provides BSA guidance and coaching to employees.
• Maintains BSA/AML related monitoring and reporting systems. Serves as subject matter expert in all systems related to BSA/AML activities.
• Monitors and analyzes developing industry and compliance trends and changes to laws and regulations pertaining to BSA/AML/OFAC/USA Patriot Act. Advises stakeholders of emerging risks, new or amended laws, regulations, or agency guidance and recommends and implements
• changes and controls to mitigate those risks.
• BSA Monitoring and Filings:
  • Ensures all required regulatory reporting is conducted in a timely, accurate, and compliant manner.
  • Ensures staff completes required CTRs by comparing system generated reports to
  • CTRs submitted. Coordinates completion of missing reports with staff and management
  • Reviews watch lists and watch lists alerts. Analyzes possible matches and takes appropriate follow-up actions.
  • Reviews anti-money laundering alerts for suspicious activity. Performs additional research to determine if activity is suspicious.
  • Composes, reviews and files Suspicious Activity Reports (SARs) and conducts follow-up reviews to determine if subsequent SAR filings are required.
  • Investigates staff reporting of possible suspicious behavior and files SARs as necessary.
  • Reviews 314(a) procedures and reporting.
• Maintains in-depth knowledge of and complies with all Federal, departmental and security policies and procedures as well as federal regulations applicable to the position, including
• BSA requirements. Completes all required compliance training as assigned.
• Performs other duties as assigned.
  
  

Preferred Qualifications

• Thorough knowledge of key banking regulations.
• Strong interpersonal, communication and organizational skills with the ability to work independently, as well as, collaboratively within a team environment.
• Strong decision making, analytical and investigative abilities with attention to detail and accuracy.
• Ability to interact effectively with all levels of management, regulators and examiners while maintaining strict confidentiality.
• Ability to effectively present information to management, public groups and/or Boards of Directors.
  
  

Basic Qualifications

• Bachelor’s degree preferred.
• Requires 10+ years banking experience.
  
  

Work Location

• Currently, this role is expected to be in the ­­­­New York office at least 4 days per week.
  
  

Salary

• Annual base salary between $185,000 and $200,000.
  
  

The base salary range represents the low and high end of the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and experience. The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.

About Us:

Guggenheim Securities is the investment banking and capital markets business of Guggenheim Partners, a global investment and advisory firm. Guggenheim Securities offers services that fall into four broad categories: Advisory, Financing, Sales and Trading, and Research. Guggenheim Securities is headquartered in New York, with additional offices in Chicago, Boston, Atlanta, San Francisco, and Houston. Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

For more information, please visit GuggenheimSecurities.com, follow us on LinkedIn or contact us at [email protected] or 212.518.9200.

About Us:

Guggenheim Securities is the investment banking and capital markets business of Guggenheim Partners, a global investment and advisory firm. Guggenheim Securities offers services that fall into four broad categories: Advisory, Financing, Sales and Trading, and Research. Guggenheim Securities is headquartered in New York, with additional offices in Chicago, Boston, Atlanta, San Francisco, and Houston.

For more information, please visit GuggenheimSecurities.com, follow us on LinkedIn or contact us at [email protected] or 212.518.9200.

Guggenheim Securities, LLC (“GS”) does not accept unsolicited resumes or applications. GS considers any resume or application to be unsolicited if (a) received from an entity or individual without a current recruiting agreement with GS or (b) submitted to anyone at the firm other than through the process set forth in the recruiting agreement between GS and the submitting entity or individual, and GS will not pay a fee to any entity or individual for such submission.