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)
SUMMARY
The Director of Quality, Compliance and Risk requires a high degree of autonomy. This role provides oversight of all Compliance, Quality Assurance, and Risk Management initiatives. The Director investigates causes, diversions, and variations from practices. This role is responsible for the process of quality improvement efforts focusing on clinical quality, reviewing performance measures, and addressing patient complaints. In this role the Director serves as the champion of constant improvement.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:
SUPERVISORY RESPONSIBILITY
None
QUALIFICATIONS
Masters preferred. Bachelor’s Degree in Business/Healthcare Administration, Statistical Analysis, Quality Management, or related field,
EDUCATION, EXPERIENCE, & SKILLS
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0 Compliance Director (Banking) jobs found in New Bedford, MA area