Finance compliance officer vs bsa/aml compliance officer

Differences between finance compliance officer and bsa/aml 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.
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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.