Compliance Officer – Transaction Monitoring AND KYC recruitment

Major Responsibilities:

Transaction Monitoring

Analyze various transactions using a monitoring system (Norkom) for suspicious/unusual patterns of activity
Investigate these potential high risk activities by researching and liaising with the appropriate internal parties for explanations and discussions on appropriate action
Research and resolve items of concern identified through standard activity
Monitor and conduct targeted reviews of specific areas of high risk or complexity
When appropriate, escalate as a SAR recommendation
Ensure that all activities are in accordance with internal policies and external regulations including: AML, BSA, KYC, USA Patriot Act and OFAC
Manage compliance functions in support of domestic and international private banking businesses, ensuring adherence to banking and credit regulations
Maintain awareness of regulatory developments affecting the private banking business and advise line management on the implementation of compliant policies and procedures
Responsible for compliance reports, special compliance reviews, projects and training efforts, as required
Responsible for carrying out projects with regulatory or substantial business impact
May be responsible for compliance training or staff development as well

KYC

Accountable for the performance of compliance reviews of various due diligence (Know Your Customer) records
Working with various groups to implementing all KYC policies, standards, and processes
Analyze the client's profile and transaction activity to determine the proper final decision/disposition of the customer's account in accordance with bank policies and KYC regulations, as well as federal, state, and local law requirements
Review documentation and KYC forms for adherence with HSBC internal control standards and policies, as defined by the Legal and Compliance FIM (Functional Instructions Manual)
Perform Enhanced Due Diligence on High Risk Accounts in accordance with bank policy and regulatory standards
Conduct training of staff on relevant compliance issues
Ensure consistent implementation of domestic and international compliance policies and procedures as it relates to high risk businesses
Address, assess, and assist in the resolution of issues identified
Participate in the development and implementation of projects and initiatives that enhance the efficiency and automation of the compliance process
Identify significant risk issues and escalate as appropriate
Provides oversight and advisory role on Know Your Customer (KYC) for businesses among the highest risk in the Company and have commensurate levels of reputational risk

Qualifications

Bachelor’s degree
At least 3 years of relevant compliance or regulatory experience
Prior experience in conducting AML investigations, transaction monitoring, and suspicious activity report filing required
Fluency in Spanish is a must
Fluency in Portuguese is a plus
Good interpersonal, organizational, communications, analytical and project management skills

Job board with a personal touch