Compliance Director of Mortgage Banking Anti-Money Laundering and OFAC Job in Washington, District Of Columbia US
Compliance Director of Mortgage Banking Anti-Money Laundering and OFAC
The Compliance Director of Mortgage Banking Anti-Money Laundering and OFAC is responsible for the design and oversight of Mortgage Banking's AML and economic sanctions program. Reporting directly to the Chief Compliance Officer of Mortgage Banking. This position's primary responsibility is oversight of Mortgage Banking's AML compliance and OFAC program, ensuring that such programs meet and, where appropriate, exceed applicable legal and regulatory requirements to enable the business to grow and serve customers in a prudent and responsible manner. Responsibilities: · Oversee and implement a full range of AML and economic sanctions program activities (policy, risk assessment, compliance testing, transaction monitoring, suspect screening operations. OFAC compliance, business process analysis, program execution, and outreach and liaison activities); · Coordinate and work closely with the Corporate AML Compliance team, including transaction monitoring, investigations, suspicious activity reporting and suspect screening; · Advise line of business and senior leaders on regulatory and risk management issues related to the AML and economic sanctions program; · Partner with other control functions, including Audit and Risk Management, to ensure the effective operation of the program; and · Coordinate and work closely with the Fraud Detection and Mortgage Banking SAR reporting group.