Responsibilities Specific Monitoring Responsibilities: OFAC Checking, FinCEN Checking, Required "Know Your Customer" due diligence Performs Politically Exposed Person (PEP) checks on Related Parties of the CustomerConducts Section 311 checks, sending any required Section 311 notices to customers, counterparties, and sub-custodians Complete and update Custody-Customer Profile/Regulatory Compliance Checklists for new or existing Customers; Verify accuracy of documentation for Customer Identification Program Verify that all account opening regulatory requirements are satisfiedReview daily reports on the variances from established threshold amounts concerning sources of all new custodial assetsReview daily reports on the activities and holdings in Medium High,High & designated Medium Risk Checks all banks, counterparties, brokers, SWIFT messages, securities, custody accounts, subaccounts, third party advisers, vendors and employees against OFAC/FinCEN list. Review for accuracy and update BSA Risk Matrices and the Custody Customer Profiles/ Regulatory Compliance Checklists; Test newly generated "KYC" reports developed by ITAssist IT with related technology Compliance system upgrade projects as neededReviews BSA Questionnaires for Foreign Financial Institution Custodial Customers, and BSA Questionnaires for Sub-custodians, as requiredParticipate in changes of existing thresholds, monthlyReconcile BSA Compliance Officer's data with Custody Administration Dept. monthly Coordinates with BPP obtaining completed BSA/AML Questionnaires from FFI customers Verify accuracy of documentation regarding Information from Third Party Investment Managers/Advisers with Authority to Instruct concerning custodial accounts Works closely with members of the Legal Department, and the Internal Auditor to continually work to improve the Bank's existing program Works closely with all relevant departments of the Bank to ensure compliance by those departments with their regulatory BSA/AML responsibilities, including in connection with account opening and monitoring. Stays current with legal and regulatory changes as they relate to BSA/AML requirements.
Showing posts with label Compliance. Show all posts
Showing posts with label Compliance. Show all posts
Thursday, September 13, 2012
Saturday, February 25, 2012
Compliance Officer / General Counsel -- Buy Side Asset Management (Midtown)
Avoid scams and fraud by dealing locally! Beware any deal involving Western Union, Moneygram, wire transfer, cashier check, money order, shipping, escrow, or any promise of transaction protection/certification/guarantee. More infoA New York based institutional asset management firm that is the subsidiary of a major international financial group. It manages the US portions of global investment mandates and several US-only mandates of multi-billions pension fund assets in quantitative equity, investment grade fixed income and other alternative products for institutional investors.
Main Job Functions:
? Responsible for the ongoing development and implementation of company compliance program and for providing advice and support to global affiliates concerning US regulatory matters.
? Develop and implement company policies and monitor the company's operations of investment.
? Draft, publish and update as necessary the company's: Compliance Manual, Code of Ethics, and other policies and procedures. Conduct routine and targeted monitoring and forensic testing to ensure adherence to policies and procedures. Conduct training, issue reports to management as needed and document reviews/results/follow-up.
? Prepare and maintain legal documents (client agreements, corporate documents) in accordance with record-keeping requirements. Perform compliance/legal review of documents, draft memoranda, provide advice/guidance.
? Identifying and resolving issues and partnering with overseas offices on various matters.
Start base salary: 140 -- 160K depending on experience (+ Bonus + Benefits)
Requirements:
? 3-8 years experience as Compliance Officer/Attorney in buy side asset management.
? Thorough understanding of the Investment Advisers Act of 1940 and related laws and regulations.
? Strong presentation and communication skills.
? The ability to work with staff members who speak English as a second language. Fluency in Japanese would be helpful but is not a requirement.
? Start in March 2012
To Apply: Email resume to " fujimoto @ bloomjob.com " (or contact Mr. Fujimoto at 212-512-0575), Bloom Consulting, a New York based executive search firm that is the HR representative of the firm.
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