Bsa/aml compliance officer vs senior compliance specialist

Differences between bsa/aml compliance officer and senior compliance specialist duties and responsibilities

Bsa/aml compliance officer example responsibilities.

• Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
• Conduct and verify that OFAC rules and regulations are apply and follow for assets from target foreign countries and individuals.
• Identify all transactions in OTC equity securities and ascertain that every recommendation to customers meet suitability standards via exclusion or exemption.
• Create policies, procedures, and train bank staff regarding HMDA reporting.
• Complete suspicious activity reports (SARs) to notify FinCEN of suspect incidents of money laundering or fraud.

Senior compliance specialist example responsibilities.

• Assure appropriate licenses are achieve or payments are stop or not allow for any transaction with a possible OFAC issue.
• Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
• Ensure employee compliance with the healthcare compliance and business ethics policies and guidelines.
• Arrange HIPAA training for all levels of management, associates and sales staff working with training staff
• Provide leadership, guidance, support, mentoring, and training for junior level ethics specialist and employee relations specialists.
• Analyze and review CAPA records ensuring accurate representation of the depth of investigation conduct.
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