BSA & OFAC Officer in Miami Lakes, Florida at Banco Sabadell

Sabadell Overview

Sabadell is a global financial institution headquartered in Barcelona, Spain and one of Europe’s oldest and most successful banking groups since its founding in 1881. Sabadell covers all areas of the financial business sector under a common denominator: professional performance and quality. In the United States, Sabadell has operated with an International Full Branch since 1993. We offer Corporate Banking services to international companies in the American market, and Private Banking services primarily to Latin American high net worth individuals and families.

Banco Sabadell is seeking a BSA & OFAC Officer candidate to join a dynamic team within one of the fastest growing banks in Florida.

Responsibilities

• Carries out compliance supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

• Develop, maintain, and evolve the organization's BSA/AML/OFAC (Anti-Money Laundering) and DDMU policies, procedures, and risk assessments. Adopts a continual improvement philosophy and disseminates it to his staff.

• Oversee OFAC screening systems and protocols

• Oversee the investigation of alerts and approve the timely filing of Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs). Ensures Quality Assurance program is in place.

• Ensure robust Know Your Customer (KYC), Customer Identification Program (CIP), and Enhanced Due Diligence (EDD) procedures are applied consistently to to all accounts.

• Be a subject matter expert and answer day-to-day questions on BSA/AML/OFAC/DDMU issues.

• Stay current with new BSA/AML regulations and enforcement activities.

• Conduct annual review of the BSA, AML, Anti-Terrorist Financing and OFAC Compliance Program to ensure that it is maintained current and accurately reflects any additions or changes in the BSA laws, rules and regulations

• Review the Bank’s account monitoring application system reports to ensure compliance with the Bank’s standards established for the monitoring of client activity

• Maintain the Bank’s management, officers and staff adequately informed of new legislative actions or amendments pertaining to BSA and OFAC sanctions

• Develop and maintain a proper culture of Compliance throughout the organization, which includes the selection of on-line training courses; and, develop and conduct in-house AML/BSA/KYC training for all appropriate Bank personnel

• Chairs the Compliance Committee meetings and Liaison with Head Office Compliance in all matters related to BSA and OFAC/sanctions compliance

• Maintains open line of communication with Head Office Compliance, on an ongoing basis, including, but not limited to program status, Compliance Committee related matters and relevant issues that arise

• Attend, as available, compliance courses, seminars, conferences, and workshops to stay abreast of regulatory developments and enhance the knowledge and understanding of applicable laws, rules, and regulations

• Adheres to Entity Policies and Standards and Regulations

• Oversees departmental projects and initiatives as required

• Participates in internal and external meetings, internal audits, regulatory exams as required

• Assists Head of Compliance and Control with departmental initiatives as needed

• The employee may be required to perform additional duties beyond those listed as needed

Requirements

• College degree from a top-tier US institution and/or 2-4 years equivalent financial services experience, preferably in a bank setting or loan support environment

• Bachelor’s degree in Business or related field required. OR

• 10+ years of progressive experience in a combination of information BSA, OFAC, Sanctions, Fiduciary Risk with experience in leadership roles.

• Strong executive presence to be able to present analysis and recommendations in a clear and compelling manner to both technical and non-technical audiences, including executive management.

• Knowledge of relevant legal/regulatory requirements in BSA, OFAC & Sanctions

• Applicable certifications

Sabadell is an Equal Employment Opportunity Employer