Job Description

Must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future.

Responsibilities: 

• Assists Correspondent Banking Coordinator/Executive and Department Manager to direct the FCB AML/CFT Compliance Monitoring Program, ensuring that there are sufficient internal controls to promote an effective risk management environment and prioritizing focus towards areas identified as having the highest levels of risk to the Bank.
• In coordination with Correspondent Banking Coordinator reviews, assesses, and approves the adequacy of Anti-Money Laundering programs of Foreign Correspondent Bank (FCBs) clients as Transactional, Credit Only, and/or IBDDA (Deposit Gathering) relationships. Responsible for in-depth annual risk assessments of Higher Risk transactional relationships and/or foreign non-bank financial institutions (NBFIs) requiring analysis of AML Manuals, Internal and External Audits, Self AML Evaluations, and other documentation as required.
• In coordination with Correspondent Banking Coordinator, responsible for assigning a risk rating for the FCB’s AML Program of the Bradesco Bank’s relationship client. Responsible for recommending identifying AML Program’s areas of Needs Improvement of foreign correspondents’ Compliance Programs and recommending or following up on completion of adequate remediations as needed. 
• Responsible for assisting in the management of the annual Enhanced Due Diligence documentation review of all High-risk C&I (corporate & Institutional) and Broker Dealer clients as assigned by International Correspondent Coordinator.
• Follow up on pending documentation related to the above to ensure files are complete with supporting documentation to substantiate the Assessment outcome.
• Responsible for identifying outliers in key risk indicators when comparing standard international best practices regarding correspondents’ AML programs and subsequently previous years’ markers against present, such as updated AML Manuals, client risk rating, account monitoring procedures, sanctions, audits, etc.
• Assists in the oversight of all functional areas with respect to various correspondent banking products such as Remote Deposit Capture (RDC), trade finance, currency transaction reporting, and suspicious activity investigations,.
• Supports the AML/CFT Department in addressing and investigating monitoring alert exceptions (currently Assist) for the FCBs, as required.
• Special projects as delegated by the Correspondent Banking Coordinator or Department Manager as required.
• Helps to maintain or create metrics and logs for KPI (Key Performance Indicators) & KRIs (Key Risk Indicators) within the unit.
• May Perform research and negative news searches, online searches, and subscription-based resources when reviewing a customer’s account activity.
• Recommends process improvements regarding “Best Practices” or efficiency gains.
• Serves as back up for the Correspondent Banking Coordinator.
• Follows up and ensures pending matters related to AML internal and external audits are resolved in a timely manner.
• In coordination with Correspondent Banking Coordinator may conduct On-site visits and Remote Site Visits of High-risk foreign financial institutions, as required.
• Other duties as assigned.

Education and Experience:

• Bachelor’s Degree required in relevant field preferred; education may be substituted with extensive banking compliance experience and knowledge.
• 5+ years related experience and/or training in international Correspondent Banking Underwriting to include extensive AML/CFT/OFAC Compliance knowledge. Proficient in Microsoft Office suite, specifically Excel, Word, and Outlook.
• Professional designation preferred (CAMS, FIBA, AML-CI, etc.)

Language Skills:

• Speak, read, and write English & Spanish (Fluent) and Portuguese (Preferred).

Bradesco Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Search for this job, NO EMPLOYMENT AGENCIES, HEAD HUNTERS, EXECUTIVE SEARCH FIRMS OR REPRESENTATIVE CALLS PLEASE.

Job Tags

Similar Jobs