AML/OFAC Program Mgr - Masco Corporation
Des Moines, IA
About the Job
*AML/OFAC PROGRAM MGR*
*WHAT IS THE OPPORTUNITY?*
This role supports AML and Economic Sanctions Program development and implementation for City National Securities, CNR Securities, and City National Rochdale Funds compliance with the USA PATRIOT Act, AML Act of 2020, U.S. Economic Sanctions, Foreign Corrupt Practices Act (FCPA) and related regulations and guidance. He/she provides the adherence with, oversight, coordination and execution of various activities related to these regulations, responsible for updated relevant policies, procedures, vendor oversight and training. This role will be key in the implementation of the Investment Advisor AML/BSA Program final rules by the effective date.
*WHAT WILL YOU DO?*
* Supports the broker-dealers', Advisor and Mutual Funds Financial Crime programs, including BSA AML, Office of Foreign Assets Control (OFAC) and Anti-Bribery/Corruption compliance programs. Ensure sufficient internal controls to promote fully effective risk management practices. Prioritizes focus towards areas identified as having the highest levels of risk to the company.
* Second line of defense and advisory functions to assigned business units.
* Partner with FCC Program team to align appropriate program implementation, risk assessment input, and reporting.
* Develop and implement controls for AML and related regulations monitoring, due diligence, and reporting functions resident within the broker-dealers.
* Functions as an internal AML expert in cross-function evaluation of policies, procedures and controls from a regulatory, financial and reputational perspective.
* Partners to address any financial crime deficiencies with other 2nd line and 1st line/business units and monitors to ensure that required changes are made.
* Supports the AML/OFAC Officer relating to Internal Audit or other regulatory examination and outcome activities.
* Maintains up-to-date knowledge of CNB and RBC policies and procedures and ensures they are updated to meet regulatory and other CNB Policy or RBC Enterprise Policy requirements expectations.
* Applies both technical and general business knowledge to resolve the complex issues.
* Ensures assigned employees are in compliance with specified CNB compliance guidelines.
* Performs other duties relating to financial crimes coverage as assigned or requested.
*Must-Have
* Bachelor's Degree or equivalent in Business, Finance or related discipline
* Minimum 5-7 years progressive experience
* Minimum 3-5 years in compliance or audit related to Financial Crimes. Financial services relating to wealth management experience required
*Skills and Knowledge*
* JD or MBA a plus
* FINRA Series 7 and 24 or willingness to obtain
* Advanced knowledge of USA PATRIOT Act, AML Act, money laundering typologies and OFAC.
* Working knowledge of laws and regulations related to the Financial Services Industry.
* Experience with governmental regulatory process and translation of regulation to policy and procedure.
* Experience with examination processes by external regulatory agencies.
* Ability to identify and escalate sensitive issues with discretion.
* Ability to develop, analyze and recommend solutions to potential control weaknesses.
* Excellent interpersonal skills and the ability to establish and maintain relationships.
* Ability to thrive and perform in a fast-paced, changing environment.
* FINRA Series 7 Registration and CAMS certification preferred
*COMPENSATION*
Starting base salary: $122,535 - $208,715 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
To be considered for this position you must meet at least these basic qualifications*
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
*Benefits and Perks*
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our [Benefits and Perks](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf).
*ABOUT CITY NATIONAL*
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
*City National Bank does business in Miami and the state of Florida as CN Bank.
For more information about City National, visit [cnb.com](https://www.cnb.com/).
*EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION*
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. [READ MORE](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/1/159726e0-aeb1-4058-9052-d7a2d69626b8.pdf)
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via [email](mailto:TalentAcquisition@cnb.com) or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.
*WHAT IS THE OPPORTUNITY?*
This role supports AML and Economic Sanctions Program development and implementation for City National Securities, CNR Securities, and City National Rochdale Funds compliance with the USA PATRIOT Act, AML Act of 2020, U.S. Economic Sanctions, Foreign Corrupt Practices Act (FCPA) and related regulations and guidance. He/she provides the adherence with, oversight, coordination and execution of various activities related to these regulations, responsible for updated relevant policies, procedures, vendor oversight and training. This role will be key in the implementation of the Investment Advisor AML/BSA Program final rules by the effective date.
*WHAT WILL YOU DO?*
* Supports the broker-dealers', Advisor and Mutual Funds Financial Crime programs, including BSA AML, Office of Foreign Assets Control (OFAC) and Anti-Bribery/Corruption compliance programs. Ensure sufficient internal controls to promote fully effective risk management practices. Prioritizes focus towards areas identified as having the highest levels of risk to the company.
* Second line of defense and advisory functions to assigned business units.
* Partner with FCC Program team to align appropriate program implementation, risk assessment input, and reporting.
* Develop and implement controls for AML and related regulations monitoring, due diligence, and reporting functions resident within the broker-dealers.
* Functions as an internal AML expert in cross-function evaluation of policies, procedures and controls from a regulatory, financial and reputational perspective.
* Partners to address any financial crime deficiencies with other 2nd line and 1st line/business units and monitors to ensure that required changes are made.
* Supports the AML/OFAC Officer relating to Internal Audit or other regulatory examination and outcome activities.
* Maintains up-to-date knowledge of CNB and RBC policies and procedures and ensures they are updated to meet regulatory and other CNB Policy or RBC Enterprise Policy requirements expectations.
* Applies both technical and general business knowledge to resolve the complex issues.
* Ensures assigned employees are in compliance with specified CNB compliance guidelines.
* Performs other duties relating to financial crimes coverage as assigned or requested.
*Must-Have
* Bachelor's Degree or equivalent in Business, Finance or related discipline
* Minimum 5-7 years progressive experience
* Minimum 3-5 years in compliance or audit related to Financial Crimes. Financial services relating to wealth management experience required
*Skills and Knowledge*
* JD or MBA a plus
* FINRA Series 7 and 24 or willingness to obtain
* Advanced knowledge of USA PATRIOT Act, AML Act, money laundering typologies and OFAC.
* Working knowledge of laws and regulations related to the Financial Services Industry.
* Experience with governmental regulatory process and translation of regulation to policy and procedure.
* Experience with examination processes by external regulatory agencies.
* Ability to identify and escalate sensitive issues with discretion.
* Ability to develop, analyze and recommend solutions to potential control weaknesses.
* Excellent interpersonal skills and the ability to establish and maintain relationships.
* Ability to thrive and perform in a fast-paced, changing environment.
* FINRA Series 7 Registration and CAMS certification preferred
*COMPENSATION*
Starting base salary: $122,535 - $208,715 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
To be considered for this position you must meet at least these basic qualifications*
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
*Benefits and Perks*
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our [Benefits and Perks](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf).
*ABOUT CITY NATIONAL*
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
*City National Bank does business in Miami and the state of Florida as CN Bank.
For more information about City National, visit [cnb.com](https://www.cnb.com/).
*EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION*
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. [READ MORE](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/1/159726e0-aeb1-4058-9052-d7a2d69626b8.pdf)
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via [email](mailto:TalentAcquisition@cnb.com) or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.
Source : Masco Corporation