NAB Innovation Centre Vietnam · 4 hours ago
Contractor – Operational Risk and Compliance and FCR/Sanctions
United States of America - New York
Full-time, Contract
Onsite
Senior Level, Lead/Staff
$0/yr - $0/yr
15+ years expNAB Americas is seeking a Contractor for Operational Risk and Compliance and FCR/Sanctions. The role involves establishing and maintaining a risk-based anti-money laundering and sanctions compliance program, ensuring compliance with applicable laws and regulations, and managing day-to-day AML and sanctions compliance processes.
Computer Software
No H1B
U.S. Citizen Only
Responsibilities
Maintain both OFAC Reporter and BSA Reporter modules ensuring application remains fit for purpose
First or second review of cases/alerts in accordance with the Branch’s policy and procedures set forth in the transaction monitoring procedures manual
Assist in assembling information to analyse and resolve transactions and patterns of transactions related to AML alerts generated by Prime
Ensure that resolution of AML alerts are properly explained and documented in Prime and completed timely
Ensure that resolution of OFAC alerts are properly explained and documented in Prime
Consult with RM/Trader for explanations of deviations in customer activity
Supervise FinCen 314(a) program
Daily Prime to Murex/Kapiti reconciliation
Maintain customer database integrity with Prime
Escalate any unusual or possibly suspicious activity to the Head of AML
Provide monthly statistics and emerging issues reports to FCR for use in global AML forum
Ensure robust 2nd line of defense functions of BSA-AML and OFAC Compliance; identify opportunities to optimise return within risk appetite; provide advice; and challenge to strengthen the risk and control environment for NAB Americas
Configuration and testing of Prime’s AML and OFAC parameters to ensure optimal effectiveness for the Branch’s operations
In conjunction with UKIT manage OFAC update process in accordance with procedures with main objective of ensuring updated file has been loaded in Prime
Test OFAC updates to ensure they have been loaded properly and no excluded name has been listed, also sample for inappropriate or missing keywords
Maintain knowledge of AML/sanctions laws and regulations governing the operations of NAB Americas, and assist Head of AML to design and modify existing controls as necessary to ensure compliance
Assist in conducting compliance self-tests for applicable laws and regulations, analyse possible weaknesses revealed by self-testing results and work with Head of AML to design remedial action plans
Represent NAB Americas at various Group forums, attend vendor sponsored events, and remain on top of the FIS roadmap for project development, enhancements, and timelines
Qualification
Required
15 years' experience in BSA/AML/sanctions program supervision, including both transaction monitoring, sanctions clearing and KYC administration
15 years' experience in the banking industry, including experience with international banks' US operations in general
Extensive involvement with regulatory examinations and independent reviews: preparing document request materials, interaction during the review, responding to written communications, and designing and administering remedial action plans
ACAMS qualification or AML regulatory examination experience
Deep understanding of sanctions and AML risks associated with transactional activity
Proven experience managing a high volume processing operation
Proven experience with maintaining a proactive and productive relationship with external regulators, examiners and internal audit
Demonstrated ability to create value by managing risk
Company
NAB Innovation Centre Vietnam
The NAB Innovation Centre Vietnam (NAB Vietnam) is part of National Australia Bank (Australia's second largest bank by market capitalisation).
Founded in 2019Ho Chi Minh City, Ho Chi Minh City, VN
1001-5000 employees
Funding
Current Stage
Late StageCompany data provided by crunchbase