Compliance investigator vs bank compliance officer

Differences between compliance investigator and bank compliance officer duties and responsibilities

Compliance investigator example responsibilities.

• Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
• Conduct BSA risk assessments on new products & services.
• Prepare and conduct yearly bank wide BSA/AML training.
• Research employee theft, fraud, Medicaid and Medicare contract compliance and computer security issues.
• Investigate potential AML, KYC and OFAC violations in the Americas and draft reports of findings.
• Investigate potential OFAC violations, money laundering, and fraudulent financial activity across client business lines.
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Bank compliance officer example responsibilities.

• Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
• Prepare highly detail and concise written documentation to support reasons why no SAR are deemed necessary.
• Assist in creating, updating and reviewing compliance policies, procedures and guidance/tools relate to BSA/AML including KYC and OFAC.
• Implement rule-based SAR parameters for the detection of possible suspicious activity in wire transmission.
• Identify all transactions in OTC equity securities and ascertain that every recommendation to customers meet suitability standards via exclusion or exemption.
• Conduct personal injury, vehicle accidents, and worker's compensation investigations in anticipation of litigation.