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AML/BSA Risk Assessment Consultant

  • Location: New York, NY
  • Job Type: Contract
  • Ref No: 19-01541
  • Date: March 06, 2019
  • Job title:



Jaime Conil

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Job Description - AML/BSA Risk Assessment Consultant

Risk Assessment consultant

Job Description:

  • Manage and update product risk rating methodology and the inventory of products and their ratings
  • Assist in enhancing and updating the BSA/AML and OFAC Risk Assessment Methodology, developing annual risk assessment plan, executing and documenting the risk assessment with supporting documentation and reporting the results to senior management
  • Assist in enhancing Risk Appetite Frameworks, focusing on metrics design to help and manage existing and potential compliance risks
  • Maintain effective channels of communication with business and other units to understand BSA/AML and OFAC risks and internal control mitigants for each area
  • Review, identify and document BSA/AML & OFAC inherent risks related to Geography, Products/Services, Customers and Counterparties
  • Perform a critical review of assigned businesses and other units’ mitigating controls for BSA/AML and OFAC (Controls, Policy, Procedures and Systems)
  • Understand, monitor and incorporate specific BSA/AML and OFAC risks as well as the Bank’s mitigating internal controls relating to customers, products & services, and geographies for assigned business units
  • Conduct both a quantitative and qualitative analysis on all the risk assessment factors
  • Assist in executing the BSA/AML and OFAC risk assessments with the goal for the continual improvement of the Bank’s risk assessment methodology and overall compliance program
  • Assist in retaining documentation/information and maintain AML Committee meeting minutes related to BSA/AML and OFAC Risk assessment as well as to other AML Compliance matters
  • Assist in maintaining Tracker for identified control assessment gaps and coordinate with other stakeholders for resolution of gaps
  • Assist in communication with key stakeholders in bank’s three lines of business and Communicating risk assessment results to senior management, regulators and business lines

Job Requirement:

  • Bachelor’s degree or above
  • 5 years of BSA/AML and OFAC related working experience for conducting risk assessment, coordinating with various parties and present to different stakeholders.
  • Excellent in writing and in PPT
  • Hands-on experiences in enterprise wide BSA/AML and OFAC risk assessment
  • Chinese language skills are preferred but not required.

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