Address
SalaryCORPORATE & INVESTMENT BANKING
7/29/2024
Z01
00
What does the job entail?
AML COMPLIANCE SENIOR ASSOCIATE
General Summary:
The BSA Compliance Associate will be responsible for supporting the bank’s BSA / AML Program. They will assist in performing day-to-day functional tasks related to ensuring Compliance with all applicable BSA/AML and OFAC rules and regulations in each business area; follow all procedures that will ensure the firm’s compliance with the applicable rules and regulations; and perform internal quality assurance as required.
Primary Duties and Responsibilities:
- Responsible for completing various functional tasks, including QC / QA reviews, related to the transaction monitoring and surveillance program.
- Review of alerts generated by the transaction monitoring system as well as case investigation, EDD, FinCEN 314(a), and Trade Finance reviews.
- Document and analyze error rates across multiple processes (alerts, investigations, EDDs, etc.) to provide trending and feedback reports to management.
- Develop and update AML team procedures as needed.
- Responsible for the drafting of Suspicious Activity Reports (SARs), documenting decisions not to file SARs, and QC of SAR reports.
- Participate in compliance regulatory examinations, inquiries, and audits and support the drafting of responses and preparation of materials to requests as needed.
- Develop training decks and materials for targeted and general team training.
- Liaise with the business to discuss requests for information, customer risk tolerance reviews, and requirements for additional controls as needed.
- Contribute to transaction monitoring tuning efforts and the development of new scenarios based on identified risks.
- The AML Compliance Sr Associate will also work on special projects and assignments as needed.
Qualifications:
- Bachelor’s degree required. Graduate Degree in Law, Business, or other related areas is highly desirable.
- At least five years of experience in BSA/ AML.
- Must be a team player, be able to interface with Senior Management and exhibit a high level of professionalism.
- Must possess in depth technical knowledge of BSA / AML, USA PATRIOT Act, OFAC Sanctions compliance, Know Your Customer (KYC), and transaction monitoring review and reporting.
- Experience conducting company searches and use of resources such as LexisNexis and World-Check.
- Active Certified Anti-Money Laundering Specialist (CAMS) designation (preferred) or ability to acquire within 180 days of hire.
- Ability to read, write and speak Spanish is highly desirable.
- Knowledge of LATAM / Spain regions is highly desirable.
- Ability to work independently or with limited supervision on highly sensitive matters.
With respect to this position in our New York Office, the expected base salary ranges from $105,000-$122,000. It is not typical for offers to be made at or near the top of the range. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.
Employment eligibility to work with BBVA in the U.S. is required as the company will not pursue visa sponsorship for these positions
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Additional Minimum and Preferred Qualifications
Benefits Statement
Benefits: A variety of health and welfare and other benefit programs are available, including medical, dental, vision, Wellness Program, Personal Savings Plan (401K), Health Savings Account, Flexible Spending Account, accident benefits, critical illness, hospital indemnity, life insurance, disability benefits, paid vacation & holidays, paid leave programs, tuition assistance programs, pet insurance and more.
Legal requirements
With respect to this position in our New York Office, the expected base salary ranges from $0.00 - 0.00. It is not typical for offers to be made at or near the top of the range. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information (41 C.F.R. 60-1.35 (c)).
Individuals with Disabilities
BBVA USA, BBVA Securities Inc., and BBVA S.A. New York Branch invite all interested and qualified applicants to apply for employment opportunities. If you are a U.S.-based job seeker with a disability who is unable to use our online tools to search and apply for jobs, please contact us by emailing: disabilityaccessjobs.us@bbva.com or by calling toll-free (in the U.S.) 1-844-664-9275. Please indicate the specific type of assistance needed*.
- The disability access telephone line and email address are reserved solely for job seekers with disabilities requesting accessibility assistance or an accommodation. Please do not call about the status of your job application if you do not require accessibility assistance or an accommodation. Messages left for other purposes, such as following up on an application or non-disability related or technical issues, will not receive a response.
EEO Statement
BBVA USA, BBVA Securities Inc., and BBVA S.A. New York Branch have a firm and unwavering policy to provide equal employment opportunity without regard to age, citizenship, color, disability, ethnic origin, gender, gender identity and expression, marital status, nationality, national origin, race, religion, sexual orientation, genetic predisposition, protected veteran status, or any other status or classification protected by federal, state or local law. This policy includes all job groups, classifications and organizational units. With regard to employment, this policy extends to applicants and covers our recruiting, hiring, promotion, transfer, demotion, discipline, termination, benefits, compensation and training practices as well as social and recreational activities.
View the "EEO is the Law" & "View the EEO is the Law Supplement Poster" poster. BBVA USA, BBVA Securities, Inc., and BBVA NY are equal opportunity and affirmative action employer.
Working at BBVA
BBVA is a global company with over 160 years of history present in 25 countries with over 81 million customers. We are more than 110,000 professionals working in multidisciplinary and diverse teams.
At BBVA, we are ahead of the transformation that is taking place in the banking sector, challenging the status quo, to make life easier to our customers.
Being part of BBVA means developing your career in one of the most innovative companies in finance.
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Diversity
At BBVA we believe having a diverse team makes us a better bank.
For this reason, we actively support diversity, inclusion and equal opportunities regardless race, sex, age, religion, sexual orientation, gender identity or expression. We cultivate a collaborative and inclusive work environment that allows every employee to do their best work.
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Our values define our identity; they are what drives us to make our goals a reality and they guide all of our actions and the decisions we make.
Customer comes first
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