Compliance Officer

Institution: Commercial Bank

Role: Compliance Officer

Location: Houston, TX (on-site 5 days per week)

Salary: $120,000 - $150,000 (depending on experience)

Our client, a Commercial Bank based in Houston, TX is looking for a new Compliance leader to join the business. This individual will manage a small team, work with senior leadership and report in to the HQ of this institution, in Asia.

Commercial Compliance experience is needed, with an understanding of BSA/AML regulations along with Regulatory knowledge in the space. This is an onsite role, so please only apply if you are located in Houston or intend to be here for this position.

Responsibilities:

• Provide leadership and supervise the Compliance team in the bank to discharge their responsibilities properly to support management and business.
• Keep abreast of regulatory developments in United States and Texas, and disseminate the information on updates/amendments and impact on the bank.
• Implement Compliance Monitoring Plan to ensure the bank comply with the relevant legal and regulatory requirements as well as establish internal policies and procedures.
• Review AML/CFT monitoring reports and supervise CDD and EDD process.
• Manage the maintenance and review of the bank’s transaction screening, name screening and transaction monitoring.
• Manage the Suspicious Transaction reporting process to investigate suspicious transaction and ensure that such transactions are reported to the authorities and documented properly.
• Advise on rules and regulations associated with the bank’s business activities, AML/CFT matters, internal policies and procedures.
• Act as the primary contact with regulators and relevant external bodies on compliance matters.
• Coordinate and liaise with auditors and regulatory authorities on their enquiries, reports inspection and investigation.
• Educate and train staff on applicable rules and regulations and internal policy and procedures.

Requirements:

• A Degree preferably in a Risk Management, Finance, Accounting or Business Administration field. Holding your CRCM is preferred.
• 5+ years of relevant experience working as part of a Compliance program in a Commercial Banking setting.
• Strong knowledge of banking business operations and products and services.
• Strong knowledge of AML/CFT and compliance regulations is a MUST.
• Mandarin language skills are preferred, but not essential.

To explore this role further, please connect with matt@wayoh.co