Based on official documents, ensure that relevant stakeholders conduct remediation implementation in a timely manner;
Coordinate all relevant departments and personnel that resume responsibility in the remediation
Maintain a log to keep track of all the remediation achievement
Maintain a change Log for any changes (additions, removals, and revisions) made to remediation plan.
By using track logs, prepare material for quarterly report for regulators
Identify potential issue in remediation and report it to seniors; Help to provide proposals/solutions for potential issue
Work closely with internal audit to ensure internal audit is conducted properly
Provide communication strategy to regulators in terms of different issues and the status of remediation
Consolidate feedback from regulator and make report based on the information
Report to bank's management regarding remediation Status
6-8 years banking industry and BSA/AML & OFAC internal control; Experience in remediation projects is highly preferred; CAMs preferred.
Business acumen; communication skill, creative problem solving; leadership and management; analytical skill; writing skill; technical skill; project management; relationship management; team work; planning and organizing; coaching.
Knowledge of U.S. Banking regulations and compliance practice, compliance risk management, and BOC Risk Governance Framework.
Knowledge of U.S. Banking regulations and compliance practice with strong emphasis on all aspects of BSA, AML and OFAC. Comprehensive knowledge of BSA/AML and OFAC related regulations and ability to implement the banks policies and procedures; Solid knowledge about remediation projects for commercial banks.