AVP/VP BSA Officer

  • Commensurate with Experience
  • New York, NY, États-Unis
  • CDI, Plein-temps
  • Non-disclosed
  • 05 déc. 17 2017-12-05

The incumbent will perform the role of a BSA Officer for Commodity Business Center- NY and support the Head of CBC in managing the compliance risk of the portfolio.

Job Responsibilities:

Compliance and Quality Control:

  • Perform Bank Secrecy Act (BSA)/Anti-Money Laundering (AML)-related risk control and quality assurance tasks for Commodity Business Center.
  • Work with Account Officers to onboard clients, ensure that clients and transactions adhere to bank’s AML and other compliance-related policies- including, but not limited to, ensuring documents are reviewed and executed in line with delegated authorities, payments are authorized by appropriate signatories.
  • Lead the drafting of departmental procedures (i.e. Business Procedures and Credit underwriting Procedures), seek approval from Second Lines of Defense.
  • Identify, monitor, manage and report on operational risk issues.
  • Lead discussions with internal monitoring departments such as Internal Audit/LCD regarding compliance issues.
  • Ensure the Bank’s policies and departmental procedures are adhered to.

Collateral Management:

  • Work with Account Officers to monitor timely receipts of the clients’ financial reporting, financial covenant compliance certificates and borrowing base reports.
  • Independently review and assess collateral management reports submitted by third-party collateral managers and borrowers.
  • Identify issues/concerns and escalate to Department Head/Risk, as appropriate. Work with Front Office team and Risk to identify potential solutions to address these concerns.

Portfolio Management:

  • Coordinate reporting between CBC and Risk (RMD)/ Operations (TSD/OSD).
  • Ensure portfolio standards are adhered to.
  • Ensure that all requirements under credit approval and legal documents are met in a timely manner.

Audit Liaison:

  • Coordinate with the team and provide responses to queries arising from internal/external audits and regulatory examination.
  • Develop and implement departmental risks control procedures as according to Bank’s policies and guidelines.


  • Responsible for ensuring quality and timeliness of the work assigned to direct reports.
  • Coordinate with regional branches and support Head of the team in regional management.


Job Requirements:

  • 7-10 years of Front/Middle Office experience in a Bank (required)
  • 3-5 years of compliance related experience in a Bank (required)
  • 2-3 years of asset based lending/commodities (desired)
  • Bachelor’s Degree
  • Knowledge of US Banking regulations including Bank Secrecy Act, AML, OFAC & other regulations
  • Knowledge of collateral management procedures
  • Knowledge of commodity markets & related financing structures (desired)
  • ACAMS professional certification