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Senior Compliance Officer (SWFs, PICs, and PIVs) in Portland, at KeyBank - Branch

Date Posted: 10/17/2020

Job Snapshot

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Job Description

The Senior Compliance Officer role reports to the bank’s Financial Crimes Governance Financial Intelligence Director. The Senior Compliance Officer maintains subject matter expertise of BSA/AML and Customer Due Diligence (CDD) customer risks and mitigation tactics, with special focus and strong understanding of the risks involved with the following high risk customer types: foreign and domestic Sovereign Wealth Funds (SWFs), Private Investment Companies (PICs), and Pooled Investment Vehicles (PIVs). Requires solid working knowledge of BSA/AML, OFAC/Sanctions, and CDD Beneficial Ownership regulations and regulatory expectations. In addition, requires solid working knowledge of complex business structures, financing, accounting / taxation, and foreign geopolitical risks.

The Senior Compliance Officer is responsible for oversight of risk-based CDD with regard to AML high risk customers that may be required to maintain an AML Program, as well as evaluation and making decisions regarding relationship retention or exit of such customers. The Senior Compliance Officer may also be called upon to represent BSA/AML KYC and OFAC/Sanctions interests and needs in new customer, product/service, and/or vendor initiatives. The successful candidate possesses strong analytical, communication, sound judgment, and leadership skills and will be called upon to lead various initiatives that enhance upon the bank’s BSA/AML and OFAC/Sanctions compliance program. The successful candidate will possess the ability to work independently, be a thought leader, execute upon strategies that mitigate BSA/AML and OFAC/Sanctions risks to the bank and quickly recognize issues that require escalation to Senior Management.

*This position can be filled in any location.

Essential Job Functions
The Senior Compliance Officer will be responsible for oversight and providing guidance on the following:
  • Solid knowledge of BSA/AML and OFAC/Sanctions banking regulations, regulatory expectations, and risks, especially involving foreign and domestic SWFs, PICs, and PIVs, as well as Politically Exposed Persons (PEPs).
  • Review of new or changing regulations impacting the bank from a high risk customer perspective, especially involving foreign and domestic SWFs, PICs, and PIVs, as well as PEPs.
  • Knowledge of and/or investigation and analysis of foreign and domestic SWFs, PICs, and PIVs, as well as PEPs.
  • Serves as source of subject matter compliance expertise with regarding various CDD risks, participating in resolving compliance issues and promoting effective and consistent management of compliance risks.
  • Help ensure lines of communication between the departments and business units/entities executing compliance requirements remain open and aligned with processes to gain efficiencies, avoid unnecessary redundancies, and coincide with business and customer risk profiles.
  • Work closely with AML and OFAC/Sanctions operations support areas to ensure compliance with BSA/AML and OFAC/Sanctions requirements including onboarding, enhanced due diligence, and investigations reviews.
  • Drive or participate as stakeholder or team member on projects/initiatives as warranted by scope.
  • Participate in new business initiatives, new product development, and product analysis.
  • Effectively and professionally interact with internal audit and/or regulatory agency personnel including answering examination information requests, addressing examination findings, and discussing compliance processes and policies.
  • Promote a proactive compliance culture, delivering advice and guidance to the business/support functions.

Required Qualifications
  • At least 5 – 7 years of legal, banking compliance, or regulatory BSA/AML and/or OFAC/Sanctions experience. Candidate must have experience working with foreign and domestic SWFs, PICs, and PIVs (and/or similar complex business structures), including conducting corporate due diligence
  • Geopolitical risk and PEP experience desired
  • A Bachelor’s Degree is required, with advanced degree(s) of JD or MBA desired
  • CAMS certification desired
  • Excellent analytical and investigative skills
  • Excellent writing skills and the ability to succinctly convey information to senior business and compliance management
  • Exceptional ability to manage or otherwise support multiple programs in a fast-paced environment with changing priorities and significant time pressures
  • Exceptional ability to work across departments and business units/entities to ensure compliance requirements are understood and met
  • Strong attention to detail
  • High ethical standards.


KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

JobID: 44305BR

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