Compliance Director (Banking) manages operations to identify and respond to suspicious activity violating current anti-money laundering (AML) regulations as defined in the US Bank Secrecy Act (BSA) or other governmental anti-terrorist financing programs. Implements oversight systems, interdiction software, and audit processes to perform daily transaction monitoring and identify suspicious activity patterns. Being a Compliance Director (Banking) monitors activity and ensures adherence to Know your Customer (KYC) protocols and regulatory requirements for required filings and reporting. Leads investigations of suspicious activity to pursue corrective actions and ensure completion of required filings. Additionally, Compliance Director (Banking) maintains extensive knowledge of financial regulations, risk management best practices, and changing fraudulent trends to develop and implement appropriate compliance procedures. Delivers compliance training with up-to-date regulatory information and procedures to develop and guide well-informed staff. Typically requires a bachelor's degree. May have the Certified Anti Money Laundering Specialist (CAMS) certification. Typically reports to a director. The Compliance Director (Banking) typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Compliance Director (Banking) typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)
Arbour Valley Management, LLC has an immediate opening for a Compliance and Training Specialist is responsible for overseeing all tax credit programs, compliance and employee training programs. This position entails verification of rentals to qualified households, ongoing compliance and operational training of property staff. In addition, this position is responsible for completing and overseeing monthly, quarterly and annual compliance reporting. This person will be responsible for responses to IRS and state agency on any and all matters related to Low Income Housing Tax Credits, including annual audits. As part of the responsibilities of this position training is a key component to the success of Arbour Valley Management. This position will develop, implement and oversee new employee orientation.
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Specific Responsibilities
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