Job Description
Job Summary ***************
Job Description - -Monitor and ensure the New York Branch's compliance with all applicable federal and state banking
- laws, regulations and guidance. Direct and implement effective strategy and policies for managing
- compliance and regulatory risk.
- -Lead, manage and motivate the Compliance team ensuring timely conformity to all Bank processes for
- performance management and personal development.
- -Review new products, activities, businesses, governance and services to ensure consistency with law,
- regulatory requirements and Bank procedures, and (following consultation with the business)
- securing external professional and other advice where necessary.
- -Provide guidance to bank management on matters of compliance and regulation. Manage
- implementation and maintenance of all relevant Compliance policies including the development and
- introduction of appropriate quality control procedures.
- -Act as BSAO and BSA/AML representative for the Shinhan Bank New York Branch. Review and
- update the Branch's BSA/AML/OFAC program, which includes an annual risk assessment, policies,
- procedures and practices to ensure compliance with laws and regulations.
- -Create and develop action plans for Compliance to deliver ensuring such strategies work across
- functional boundaries, and create and deliver a robust Compliance monitoring plan for the New York
- Branch.
- -Manage the submission of reports to the General Manager of the New York Branch and Head Office
- on information gathered and analyzed in order to make recommendations for improvements to the
- management and control of regulatory and compliance risks.
- -Manage all regulatory examination processes as they apply to Shinhan New York Branch operations.
- -Oversee the investigation of suspected legal, regulatory and/or reporting violations.
- -Prepare/submit regular compliance reports to Head Office counterparts detailing compliance
- monitoring activities and suspicious activity reviews.
- -Oversee the dissemination of compliance-related information to bank employees to ensure familiarity
- with compliance requirements
- -Perform second level OFAC release from SafeWatch system verify queue, when required
- -Responsible for reviewing and filing of Suspicious Activity Reports
- -Coordinating interactions with regulators, including but not limited to:
- a. Assisting in providing oversight for supervisory examinations and being a central contact for
- regulators;
- b. Coordinating and managing events related to examinations and continuous monitoring, including
- working with businesses and functions in negotiating scope and timing of reviews, monitoring
- requested data aggregation and coordinating and attending regulatory meetings with control
- functions and business unit personnel;
- c. Collaborating with department heads to provide guidance on regulatory matters and continually
- enhancing the framework to identify, assess, control, and monitor regulatory communication.
Qualifications *********************
What's On Offer Apply online or feel free to contact us directly for more information about the opportunity. Due to the high volume of applicant, we regret to inform that only shortlisted candidates will be notified. Thank you for your understanding.
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