Financial Crime Compliance - SME

Position Details:

Title: Financial Crimes Compliance- SME

Location: NYC or Irving, TX (in office 4x)

Duration: 3 months (Possiblity of Extension)

Pay Range: $70/hr - $72/hr

As an FCC subject matter expert in Digital Assets, s/he is responsible for advising the Global AML and Global Sanctions Compliance Departments and relevant first-line business leaders on strategies to identify and manage the AML and global sanctions risks, including those arising from on-chain blockchain transactions, digital asset custody, and interactions with Virtual Asset Service Providers (VASPs).  S/he advises on and monitors relevant policy, control, and process implementation and reports on their effectiveness.

This role may be filled in either New York, NY, or Irving, TX.

Essential Functions:

• Leads maintenance, enhancement, and implementation of a global framework for Digital Assets financial crimes compliance, including implementation of relevant standards and minimum control requirements.
• Provide FCC advisory support for new or modified digital asset products and services.
• Monitor and interpret global regulatory developments and translate expectations into actionable FCC controls for Digital Asset products and customer segments.
• Drive transformation, including integration of due diligence, sanctions screening and monitoring controls globally, in partnership with project management and technology partners, to integrate blockchain analytics and/or blockchain data into the existing FCC control environments where appropriate.
• Design, document and govern end-to-end sanctions screening frameworks for Digital Asset products, including real-time on-chain sanctions screening via an external blockchain analytics tool.
• Make sanctions systems and screening-related decisions (e.g., screening thresholds, hop-level analysis, etc.).
• Provide regular updates to senior management and governance committees on Digital Asset financial crimes compliance program status and emerging risks.
• Lead development of a global network of digital asset subject matter experts across the Regions to support the Bank’s FCC program, working closely with regional and local AML and Sanctions officers.
• Ensure delivery of high-quality, timely advice to business partners on relevant AML and Sanctions requirements and client-specific risks.
• Assists with the creation and development of relevant global FCC training materials with emphasis on AML and Sanctions risks and typologies.
• Define and establish requirements for blocking, rejecting, and freezing digital asset transactions and positions (where applicable), including criteria for blocking and dedicated blocked assets accounts consistent with Bank Standards.
• Develop Travel Rule screening requirements for both real-time sanctions screening and post-facto Transaction Monitoring, where applicable.
• Regularly coordinates with other areas of the Global Financial Crimes Division to build partnerships and best practices.
• Regularly engages with relevant first-line business leaders to support their AML and Sanctions risk-management efforts.
• Oversees the timely identification, resolution, and, as appropriate, escalation of client or control issues to the Global Heads of AML Advisory and Sanctions Advisory.
• Coordinates risk re-evaluation and reviews of client relationships globally in conjunction with other GFCD and first-line business units; analyzes the findings of the risk reviews and makes recommendations to maintain or exit a relationship with coordination across regions on consensus and decision making.
• Serves as an escalation point for the business and other GFCD members on investigations, client due diligence issues, with coordination on all regulatory reporting with relevant GFCD stakeholders (e.g., sanctions reporting with Global Sanctions Advisory)
• May liaise with senior regional FCC leadership, support examinations, and/or act as a primary global FCC point of contact for regulators, internal audit, and independent testing functions on digital asset matters.

Experience/Abilities:

• Deep subject matter expertise in Digital Assets FCC, including a strong understanding of related AML and Sanctions risks, blockchain data, and blockchain analytics.
• Demonstrated experience providing AML and Sanctions advice for Digital Assets products and services, including stablecoins, tokenized deposits and/or other Digital Assets.
• Demonstrated knowledge of AML and Sanctions risks for Digital Asset products.
• Proven track record of providing timely, practical advice to business partners, balancing FCC risk with support for execution of business processes.
• Demonstrated knowledge and expertise of banking laws and regulations administered by the US and major international regulatory and standards-setting bodies.
• Focuses relentlessly on developing efficient compliance strategies that balance financial crimes-related risk with business strategies and priorities.
• Experience leveraging investigative output and financial crimes intelligence in assessing and managing FCC risk across the enterprise.
• Demonstrated ability to manage multiple projects simultaneously: a recognized leader with a track record of delivering change in complex, time-sensitive environments.
• Thorough understanding of an effective financial crimes risk management framework and effective AML and Sanctions controls.
• Collaborative mindset with strong interpersonal communication skills and an ability to navigate a complex matrix environment and to influence outcomes across organizational boundaries.
• Experience working in a global financial institution environment with multiple stakeholders in different jurisdictions.
• The ability to interact effectively at all levels of the organization, including Bank staff, management, directors, and regulators.
• Ability to work autonomously and initiate and prioritize own work.
• Solid judgment and established negotiation skills.
• Ability to balance regulatory requirements with the best interests of the Bank and its customers.
• Position will require domestic and international travel, with overall travel up to 20% of the time.
• Typically requires 8-10 years of financial industry and compliance experience, preferably within a global organization, preferably inclusive of 4 or more years of Digital Assets compliance experience.
• Strongly preferred: BA or BS Degree (equivalent professional experience may be considered in lieu).
• Preferred: MBA or Master’s degree in Business, Accounting, Legal, or related field.
• Nice to have: CAMS, CFCS, CFE, or similar anti-financial crime certification.

The Company offers the following benefits for this position, subject to applicable eligibility requirements: medical insurance, dental insurance, vision insurance, 401(k) retirement plan, life insurance, long-term disability insurance, short-term disability insurance, paid parking/public transportation, paid time off, paid sick and safe time, hours of paid vacation time, weeks of paid parental leave, and paid holidays annually – as applicable.