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Compliance Manager - Risk Assessments

Job Overview: 

  • Own and execute the BSA/AML and OFAC risk assessments of Mashreq New York Branch with the goal for the continual improvement of the Bank's risk assessment methodology.
  • Responsible for enhancing and updating the BSA/AML and OFAC Risk Assessment Methodology
  • Development the annual risk assessment plan.
  • Maintain effective channels of communication with business and other units to understand the BSA/AML and OFAC risks and internal control mitigates for each area.
  • Review, identify and document BSA/AML & OFAC inherent risks related to Geography, New Business /New Products/Services, Customers and Counterparties.
  • Perform a critical review of assigned businesses and other units’ mitigating controls for BSA/AML and OFAC (Controls, Policy, Procedures and Systems).
  • Understand, monitor and incorporate specific BSA/AML and OFAC risks as well as the Bank's mitigating internal controls relating to customers, products & services, and geographies for assigned business units.      
  • Conduct both a quantitative and qualitative analysis on all the risk assessment factors   
  • Executing and documenting the Institution’s annual BSA/AML and OFAC Risk Assessment with supporting documentation and reporting the results to senior management    
  • Continued communication to the MLRO on the updated BSA/AML and OFAC Risk Assessments Methodology and execution activities.
  • Assist the Bank’s Senior Compliance Management with their interactions with the its primary regulators and Internal Audit during regulatory examinations and audits.
  • Retain documentation/information and maintain AML Committee meeting minutes related to BSA/AML and OFAC Risk assessment as well as to other AML Compliance matters.
  • Maintain Tracker for identified control assessment gaps and coordinate with other stakeholders for resolution of gaps.
  • Assist the Branch to enhance BSA/AML & Sanctions Program manual and policies and procedures.