Global AML and OFAC/Sanctions Risk Assessment Coordinator
Position Description
Work closely with the Global Head of the AML Group, the Global AML Counsel, the Global Sanctions Counsel, and AML Group senior management to coordinate the Firm's enterprise-wide AML and OFAC/Sanctions Risk Assessment process. Primary responsibilities will include:
• Coordinating and supporting all phases of the risk assessment, including planning, data gathering, analysis, and reporting
• Providing input to the AML Group's annual compliance plans, including proposed testing and training initiatives, based on the risk assessment results
• Enhancing the existing risk assessment framework and reporting process, including through updates to the assessment methodology and by identifying additional quantitative and qualitative risk data points for use in evaluating the Firm's inherent risks and quality of controls
• Developing and coordinating projects to support the risk assessment process, such as engaging with internal groups to source additional data for use in the assessment process and conducting benchmarking exercises with peer firms
• Supporting the annual update of the Firm's country risk assessment
• Coordinating with other compliance and risk areas in connection with their risk assessment processes
Additional responsibilities may be identified as the role evolves.
Skills Required
Prior experience with risk assessments processes and methodologies required. Ideal candidate will have strong writing skills, strong analytical and project management skills, and experience with broker-dealer or bank AML regulation, preferably at large/complex financial institutions. A quantitative background or experience with data analysis methodologies a plus.
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