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CrossCountry Consulting · 5 months ago

Associate Director - AML Compliance and Regulatory Risk (Financial Services) (NY)

New York, NY

Full-time

Hybrid

Entry, Mid, Senior Level, Lead/Staff, Director/Executive

$133K/yr - $284K/yr

9+ years exp

CrossCountry Consulting is an advisory firm dedicated to creating a positive experience for clients and employees alike. They are seeking an Associate Director - AML Compliance and Regulatory Risk to lead client engagements, develop risk and compliance programs, and provide strategic planning support to financial services clients.

AccountingConsultingFinanceRisk Management

Growth Opportunities

Responsibilities

Work with Financial Services (FS) clients to understand their risk strategy, transformation opportunities and regulatory challenges

Lead client engagements to develop, implement risk and compliance programs in line with FS regulatory guidance including designing and implementing frameworks, operating models, policies, processes, and procedures in compliance with regulatory requirements for clients across the 3 lines of defense

Provide guidance, insights and strategic planning support to client business units on issues related to FS Risk Transformation, remediation and compliance with regulatory guidance across financial and non-financial risk areas

Perform risk program gap analysis & maturity assessments including recommendation & prioritization reporting

Collaborate with clients to drive the design/Rationalization & testing of business process controls and outputs for compliance with applicable laws and regulations

Monitor applicable Financial Sector U.S. Federal and State regulations, stay up to date on industry trends and emerging risks

Contribute to add-on/cross sell revenue generation with existing clients and develop business with new clients

Remediation of regulatory findings/issues across non-financial and financial risk areas

Provides thought leadership to executive audiences

Deliver effective presentations & training across all levels of an organization as required

Strong knowledge of the following regulatory reports and regulatory metrics: A strong understanding of BSA, AML, OFAC regulations and US Banking Capital Markets industry

Deep knowledge of BSA/AML to support our regulatory compliance team in advising US Banking clients regarding strength of their AML programs and adherence to regulations

Ability to actively monitor regulatory developments, interpret and advise on key agency changes and potential client impactExperience working with regulatory agencies (OCC, FRB, FDIC, State)

Extensive experience working with clients/lead project teams to: Conduct AML/BSA risk assessments and gap analysis across business units

Review and enhance AML/BSA policies, procedures, and controls

Enhance transaction monitoring systems and customer due diligence (CDD) processes

Provide subject matter expertise related to regulatory exams, remediation activities and internal audits

Collaborate with cross-functional teams to ensure enterprise-wide compliance

Qualification

BSA/AML complianceRegulatory risk managementRisk transformationFinancial services regulationsRegulatory gap analysisProject managementCoachingDevelopmentBusiness developmentCommunication

Required

9+ years of applicable consulting and delivery around Risk & Regulatory strategy and transformation projects, specifically as it relates to Risk Management program enhancement, regulatory remediation and Compliance

Prior experience in professional services (public accounting or advisory firm), preferably at a large, global accounting firm or with a management consulting firm

Experience in LFI, enhanced prudential standards, resolution/recovery planning and various Basel Accords

Solid understanding of applicable regulations (e.g. SR 16-11, SR 11-7, FFIEC, DFAST/CCAR etc.)

Experience in regulation impact analysis and the strategic implementation of new and evolving requirements

Knowledge of technology and GRC data solutions to support

Strong knowledge of commercial/retail banking and capital markets products (e.g., Commercial/Retail Loans, Interest Rate Derivatives, Fixed Income Securities, Repo, etc.)

Excellent communication and presentation skills

Coaching and Development: provide coaching and training opportunities for team members leveraging individual skills and the firm's people first culture

Recruiting and Retention: take an active role in attracting, interviewing, hiring and retaining top talent

Willingness to travel domestically up to 20%-30% (varies by client)

Availability to work on client site or in office 3 days a week, with 2 days remote (hybrid environment)

Bachelor's degree (or higher) in Accounting, Business, Finance, Information Systems, or other technical disciplines