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VP, Head of FCC Risk Assessment

New York, NY, USA | Apple Bank

  • Industry:
    Banking / Investment Banking
  • Position Type:
    Full-Time
  • Functions:
    General Management
    Risk Management
  • Experience:
    5-7 years
Job Description:
99 people have viewed this job

As the VP, Head of FCC Risk Assessment, the incumbent is responsible for overseeing the BSA/AML and OFAC/Sanctions risk assessment process. The incumbent will work with Apple Bank for Savings’ (the “Bank”) BSA Officer in the development of an end-to-end risk assessment process to analyze the financial crimes risks throughout the Bank. Additionally, the incumbent will collaboratively work across relevant lines of business and within FCC sub-units to achieve goals.


Essential Duties:


Acting as primary liaison on BSA/AML and OFAC/Sanctions risk assessment process, and partnering with the FCC sub-units, lines of business heads, Bank technology and other Bank risk functions (i.e. ERM, Consumer Compliance) to ensure the successful execution of BSA/AML and OFAC/Sanctions risk assessments.

Overseeing the development and deployment of a robust risk assessment methodology, communications to impacted teams, relevant metrics, and final risk assessment reports and supporting documentation.

Overseeing and monitoring all applicable FCC-related risks within the FCC Department and relevant lines of business.

Overseeing and monitoring risk assessment work streams to ensure various milestones and target dates are achieved.

Coordinating meetings with stakeholders to review project status and potential risks. Representing FCC in status update meetings with Board of Directors, senior management and other stakeholders.

Performing a post implementation review (as needed) to identify areas for improvement and implement identified recommendations into future risk assessments.

Recommending improvements to the FCC risk assessment process by identifying process efficiency gains and presenting solutions to FCC management.

Assisting with the coordination of responses to internal auditors and external regulators as part of coordinated examinations.

Interacting with State and Federal Regulatory Agencies, numerous risk and executive management, lines of business, and support organizations such as Internal Audit and Legal on an ongoing and regular basis.


Additional Duties:


Applying independent judgment in the identification and escalation of key BSA/AML risks.

Displaying a high level of professional aptitude and standards.

Recommending improvements to process in areas of efficiency, control, and work product.

Participating in committee meetings as necessary.

Ad-hoc and project support responsibilities, as required.


Skills and Qualifications:


Minimum 5 years of experience in banking compliance, with a strong emphasis on BSA/AML regulations and requirements preferred.

An undergraduate degree is required and a professional certification is a plus. CAMS certification is preferred, but can be obtained at a later date (within 6–9 months of hire).

Ability to interact with all levels of management, including the Board of Directors.

Ability to manage resources and competing priorities, and strong problem-solving skills.

Excellent verbal, written, and interpersonal communication skills.

A team player able to work effectively in a team-fostered, multi-tasking environment.


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