Commercial Bank in Midtown, Manhattan is seeking a Chief Risk Officer!
Responsibilities:
- Responsible for leading corporate strategic and tactical legal and risk initiatives.
- Oversees and directs Risk Management, Compliance, Bank Secrecy Act, Vendor Management and Security business units and all related management reporting.
- Work directly with Current's bank partners on BSA/AML/OFAC matters
- Assumes ultimate responsibility for ensuring that the company conducts its business risk and
- compliance with applicable SEC, OCC et al. laws and regulations.
- Structures and manages the company’s internal compliance, BSA, Vendor Management and
- Security functions and staff.
- Conduct product and program risk assessments to identify and mitigate BSA/AML/OFAC risks
- Build and maintain an effective CDD/EDD risk rating and monitoring program to include initial and ongoing assessments and review and analysis of unusual/suspicious account activity
- Support our ongoing promotion of a strong culture of compliance
Qualifications:
- 15+ years of experience in building and overseeing a compliance/risk function at a commercial or community bank
- Pragmatic, solutions-oriented, and comfortable providing nuanced approaches with imperfect information and in the face of unclear regulatory expectations
- A substantial understanding of consumer financial services with a preference for experience with a consumer financial technology company.
- Expert-level understanding of key regulations (including the USA PATRIOT Act, Bank Secrecy Act, and OFAC requirements) and AML risks/typologies, as well as having the ability to identify emerging compliance trends and risks
- Demonstrated success in achieving exceptional results as a team leader and across reporting lines
- Strong communicator who is adept at building relationships with external partners as well as internal partners across operations, product, customer success, and risk
- Compliance certifications (e.g., CAMS) strongly preferred