Compliance Director (Banking) manages operations to identify and respond to suspicious activity violating current anti-money laundering (AML) regulations as defined in the US Bank Secrecy Act (BSA) or other governmental anti-terrorist financing programs. Implements oversight systems, interdiction software, and audit processes to perform daily transaction monitoring and identify suspicious activity patterns. Being a Compliance Director (Banking) monitors activity and ensures adherence to Know your Customer (KYC) protocols and regulatory requirements for required filings and reporting. Leads investigations of suspicious activity to pursue corrective actions and ensure completion of required filings. Additionally, Compliance Director (Banking) maintains extensive knowledge of financial regulations, risk management best practices, and changing fraudulent trends to develop and implement appropriate compliance procedures. Delivers compliance training with up-to-date regulatory information and procedures to develop and guide well-informed staff. Typically requires a bachelor's degree. May have the Certified Anti Money Laundering Specialist (CAMS) certification. Typically reports to a director. The Compliance Director (Banking) typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Compliance Director (Banking) typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)
Spruce Street Compliance is a compliance consulting firm based out of Philadelphia, PA (or potentially Washington, DC). Our firm is committed to supporting progressive causes and candidates nation-wide. This position will report to the firm’s Principal.
Salary range: $90,000-$120,000/annually generous benefits package and professional development opportunities. DOE
Responsibilities
· Manage compliance team including Manager and Associate(s)
· Maintain client bookkeeping file, budget, and cashflow
· Providing extensive financial reports to clients
· Process disbursements and track outstanding invoices
· Registering and terminating client’s federal and nonfederal registrations
· Oversee and process client payroll and staff benefit programs
· On-boarding and off-boarding client staff
· Maintain compliance with GAAP
· Perform bank and compliance software reconciliations
· Oversee compliance correspondence
· Create, implement, and administer efficient workflows
· Develop relationships with vendors and assist with client procurement
· Prepare and file federal and non-federal campaign finance reports
Experience and Skills
· 5 years of experience work with political or non-profit organizations
· At least 3 years of experience with non-profit and/or campaign finance compliance
· Strong attention to detail and organized
· Experience with Excel, Google Business Suite, and Dropbox
· Ability to manage multiple projects at once and meet strict deadlines
· Ability to work evenings and weekends to meet deadlines
· Willingness to take initiative
· Strong bookkeeping/accounting and budget building and tracking experience
· Extensive experience with Quickbooks Online
· Bachelor’s degree
· Commitment to supporting progressive causes
· Commitment to working within a diverse and inclusive work space
· A background check will be conducted after a conditional offer of employment has been made to a candidate
Spruce Street Compliance is an equal opportunity employer and committed to diversity, equity, and inclusion among its staff. The firm strongly encourages candidates from diverse backgrounds to apply and will hire based on qualifications of the candidate without regard to race, religion, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression, age, sexual orientation, and military or veteran status.
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