Corporate Compliance Manager - Financial Crimes Governance
Company: KeyBank
Location: Birmingham
Posted on: April 11, 2021
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Job Description:
*This position can be located anywhere The Corporate Compliance
Manager role is a manager role reporting to the bank's Financial
Crimes Governance Financial Intelligence Director. The Compliance
Manager maintains subject matter expertise of BSA/AML and Customer
Due Diligence (CDD) customer risks and mitigation tactics related
to merchant acquiring, commercial payment enterprises, commercial
real estate, and higher-risk client types. This role will support a
number of high-growth business functions and requires the ability
to apply expertise in support of the commercial interests while
effectively managing BSA/AML risk. The Compliance Manager should
have practical experience with payments businesses operating in a
regulated financial institution regime, in particular direct and
indirect merchant acquiring. The Compliance Manager should also
have a strong working knowledge of risks associated with the
following high-risk customer types: foreign and domestic Sovereign
Wealth Funds (SWFs), Private Investment Companies (PICs), and
Pooled Investment Vehicles (PIVs), especially in the commercial
real estate space. Requires solid working knowledge of BSA/AML,
OFAC/Sanctions, and CDD Beneficial Ownership regulations and
regulatory expectations for these areas of focus. The Compliance
Manager is responsible for assisting with the development of
operating requirements for new payments businesses, including
indirect merchant acquiring (e.g., Independent Sales Organization,
Payment Facilitator model), and support in the oversight of
risk-based CDD with regard to AML high risk customers that may be
required to maintain an AML Program, as well as evaluation and
making decisions regarding relationship retention or exit of such
customers. The Compliance Manager will also assist with the
onboarding and ongoing CDD of complex commercial real estate
investors. The Compliance Manager may also be called upon to
represent BSA/AML KYC and OFAC/Sanctions interests and needs in
other new customer, product/service, and/or vendor initiatives. The
successful candidate possesses strong analytical, communication,
sound judgment, and leadership skills and will be called upon to
lead various initiatives that enhance upon the bank's BSA/AML and
OFAC/Sanctions compliance program. The successful candidate will
possess the ability to work independently, be a thought leader,
execute upon strategies that mitigate BSA/AML and OFAC/Sanctions
risks to the bank and quickly recognize issues that require
escalation to Senior Management.Essential Job Functions: The
Corporate Compliance Manager will be responsible for oversight and
providing guidance on the following:Solid knowledge of BSA/AML and
OFAC/Sanctions banking regulations, regulatory expectations, and
risks, especially as they pertain to payment systems, merchant
acquiring, and complex commercial real estate investors such as
foreign and domestic SWFs, PICs, and PIVs, as well as Politically
Exposed Persons (PEPs).Review of new or changing regulations
impacting the bank that involve payment systems, merchant
acquiring, foreign and domestic SWFs, PICs, PIVs, and PEPs.Work
closely with business partners to develop BSA/AML and
OFAC/Sanctions requirements for new payments businesses, including
indirect merchant acquiringApply knowledge of bankcard payment
operator network rules, standards, and practices, particularly
involving prohibited and high-risk merchant categories and
transactions to develop and maintain operating requirements.
Conduct analysis and investigation of foreign and domestic SWFs,
PICs, and PIVs, and related PEPs, as part of new or on-going client
relationships.Serves as source of subject matter compliance
expertise with regard to payment systems, merchant acquiring,
foreign and domestic SWFs, PICs, and PIVs, and participating in
resolving compliance issues and promoting effective and consistent
management of compliance risks.Help ensure lines of communication
between the departments and business units/entities executing
compliance requirements remain open and aligned with processes to
gain efficiencies, avoid unnecessary redundancies, and coincide
with business and customer risk profiles.Work closely with AML and
OFAC/Sanctions operations support areas to ensure compliance with
BSA/AML and OFAC/Sanctions requirements including onboarding,
enhanced due diligence, and investigations reviews.Drive or
participate as stakeholder or team member on projects/initiatives
as warranted by scope.Participate in new business initiatives, new
product development, and product analysis.Effectively and
professionally interact with internal audit and/or regulatory
agency personnel including answering examination information
requests, addressing examination findings, and discussing
compliance processes and policies.Promote a proactive compliance
culture, delivering advice and guidance to the business/support
functions.Required Qualifications:At least 5 - 7 years of BSA/AML
regulatory, compliance, audit, or comparable BSA/AML experienceOne
or more of the following:Experience working with direct and/or
indirect merchant acquiring within a regulated financial
institution regime and knowledge of related bankcard payment
operator network rules, standards, and practicesExperience with
Independent Sales Organizations, Payment Facilitators, or Third
Party Payment Processors is desiredExperience in commercial real
estate, working with foreign and domestic SWFs, PICs, and PIVs
(and/or similar complex business structures), including conducting
corporate due diligenceWorking knowledge of
commercial/institutional payment systems desiredGeopolitical risk
and PEP experience desiredA Bachelor's Degree is required, with
advanced degree(s) of JD or MBA desiredCAMS certification
desiredExcellent analytical and investigative skillsExcellent
writing skills and the ability to succinctly convey information to
senior business and compliance managementExceptional ability to
manage or otherwise support multiple programs in a fast-paced
environment with changing priorities and significant time
pressuresExceptional ability to work across departments and
business units/entities to ensure compliance requirements are
understood and metStrong attention to detailHigh ethical
standards.FLSA STATUS:KeyCorp is an Equal Opportunity and
Affirmative Action Employer committed to engaging a diverse
workforce and sustaining an inclusive culture. All qualified
applicants will receive consideration for employment without regard
to race, color, religion, sex, sexual orientation, gender identity,
national origin, disability, or veteran status.
Keywords: KeyBank, Birmingham , Corporate Compliance Manager - Financial Crimes Governance, Executive , Birmingham, Alabama
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