Compliance Manager (Banking) supervises daily 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. Uses oversight systems, interdiction software, and audit processes to perform daily transaction monitoring and identify suspicious activity patterns. Being a Compliance Manager (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 Manager (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 Manager (Banking) supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. To be a Compliance Manager (Banking) typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes. (Copyright 2024 Salary.com)
COMPANY BACKGROUND:
Völker and our affiliated companies are expanding rapidly to support an unwavering commitment to making housing affordable nationwide. Our core focus is clear: bring high-quality, affordable housing to better places and better people. As a developer that is an owner-operator of its properties, we pride ourselves in providing the right solutions to Communities we serve and fostering long-term relationships with our partners.
POSITION SUMMARY:
The Compliance Manager is an integral member of the property operations team reporting to the Vice President of Property Management. The overall objective of this position is to ensure all compliance documentation for the portfolio properties is completed timely and accurately. They will need to exhibit a strong organizational and communication skills as they will be responsible for coordinating the completion of reports and responding to inquiries from state agencies, investors, partners, and other parties that monitor affordable and fair housing programs. Success in this position will ultimately be determined by maintain compliance requirements; however, this role will also help to establishing processes and procedures to improve reporting capabilities, participate in our onboarding and continuing education processes and promote open lines of communication with site staff, development professionals and leadership teams. While this role’s primary duties will relate to the portfolio properties that we manage, there will also be a level of interaction and involvement with the external agents responsible for managing other portfolio properties.
ESSENTIAL JOB DUTIES AND RESPONSIBILITIES:
Stay Updated on Compliance Requirements:
Tenant Selection and Fair Housing:
Income and Rent Limit Management:
Section 8 Contract Management:
Personnel Management and Training:
Internal and External Audits:
Reporting and Research:
Communication and Relationship Building:
MINIMUM SKILLS AND ABILITIES:
Computer Skills: Proficiency with Microsoft applications (Teams, OneDrive, OneNote, Outlook, Word, Excel, PowerPoint, etc.), Yardi suite, Adobe, and general comfort with web-based platforms preferred.
Other Skills: Professionalism, high ethical standards and professional integrity, outstanding organizational skills, strong attention to detail, strong interpersonal skills, ability to multi-task and meet deadlines under pressure, and the desire and ability to work in a fast-paced, team-oriented environment is required.
Travel: 0-25%, a valid driver’s license and proof of insurance is required
Accommodations: Reasonable accommodation may be made to enable qualified individuals with disabilities to perform the essential functions.
PREFERRED QUALIFICATIONS:
Experience : At least 2-5 years of relevant work experience within a compliance function for a LIHTC property management or development organization.
Designations: HCCP, COS and/or Real Estate Licenses are a bonus, but not required.
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