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)
Job Summary: Oversees the Corporate Compliance Program, which functions as an independent and objective body that reviews and evaluates compliance issues/concerns within the organization. Collaborates across the organization in a manner that allows accomplishment of his/her goals and objectives in a manner that simultaneously makes it easier for others in his/her sphere of influence to accomplish their goals and objectives. The Compliance Officer is responsible for implementing a Compliance Program and that the applicable policies, procedures and practices work to sufficiently communicate, monitor, and enforce Oaklawn’s ongoing commitment to compliance with state and federal laws/regulations.
Essential Functions:
Minimum Qualifications: Bachelor’s degree required. Five (5) years related healthcare experience. Current Certification in Healthcare Compliance or attained within Two (2) years of employment.
Knowledge, Skills & Abilities: Master’s degree preferred. Demonstrated leadership; familiarity with operational, financial, and quality improvement; strong ability to accomplish goals and objectives through influence and collaboration.
Working Conditions: Indoors, primarily office-type settings, with occasional travel to other locations in the area and occasional exposure to clinical areas.
Physical Requirements: Constantly handle/grasp/feel, talk/hear, lift/carry 1 to 25 lbs. Frequently stand, sit, walk, see/visual acuity. Occasionally lift/carry 25 to 49 lbs.
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