Finance compliance officer vs bank compliance officer

Differences between finance compliance officer and bank compliance officer duties and responsibilities

Finance compliance officer example responsibilities.

• Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
• Enforce and ensure compliance with laws and regulations governing financial and securities institutions and financial transactions.
• Review and approve financial and non-financial disclosures to ensure compliance with federal securities regulations and FINRA rules and regulations.
• Develop oversight programs for enhance supervisory scenarios, engage others to act responsibly and minimize operational risks and internal controls issues.
• Prepare bi-weekly update of subcontract reports and update closeout status in SharePoint.
• Document data for alert investigation and review in an internal SharePoint system.
Show more

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.