Financial Crimes Compliance Manager

What is a Financial Crimes Compliance Manager?

A Financial Crimes Compliance Manager is responsible for ensuring that the organization’s financial crime prevention efforts comply with relevant regulations, such as the Bank Secrecy Act (BSA), USA PATRIOT Act, and anti-money laundering (AML) laws. This role involves developing and maintaining compliance policies and procedures, overseeing regulatory reporting, and ensuring that the organization is prepared for audits and examinations. The Financial Crimes Compliance Manager works closely with regulatory bodies, internal teams, and senior management to ensure that all financial crime controls are effective and in line with legal requirements, while also addressing any potential compliance gaps or issues. In some organizations these duties will come under the Financial Crimes Manager, but in larger businesses it’s common for a Financial Crimes Manager to focus on operational execution and risk management while the Financial Crimes Compliance Manager works on regulatory adherence.

What are the responsibilities of a Financial Crimes Compliance Manager?

• Developing and implementing compliance policies and procedures related to financial crime prevention, ensuring alignment with regulatory requirements.
• Ensuring compliance with laws such as the Bank Secrecy Act (BSA), USA PATRIOT Act, and anti-money laundering (AML) regulations.
• Overseeing regulatory reporting, including the filing of suspicious activity reports (SARs) and currency transaction reports (CTRs).
• Conducting internal audits and prepare for external regulatory examinations to assess the organization’s compliance with financial crime regulations.
• Identifying and addressing compliance gaps by implementing corrective measures and strengthening internal controls.
• Collaborating with regulatory bodies, such as the Financial Crimes Enforcement Network (FinCEN), to ensure ongoing regulatory adherence.
• Providing training and guidance to staff on compliance policies and emerging regulatory changes related to financial crimes.
• Monitoring and assessing the effectiveness of compliance programs and recommend improvements to senior management.
• Staying informed about changes in financial crime regulations and ensure the organization adjusts its policies accordingly.

Kooking to hire a Financial Crimes Compliance Manager?

Whether it’s permanent or an interim appointment, we can help you find the perfect candidate for the position. To find out more, complete the contact form below and we’ll be in touch within the next working day to discuss your opportunity further.

Why work with Kind Consultancy?

• Kind has a large pre-existing network of Compliance, Risk and Financial Crimes experts, which allows us to present your vacancy to leading professionals in the sector.
• An active headhunting approach provides the best candidates for your organization and delivers more accurate searches.
• With a shortlist of pre-screened candidates selected by our specialist team, there is no need for you to sort through irrelevant or underqualified CVs.
• Kind Consultancy maintains a fast-growing database of Risk, Compliance and Financial Crimes professionals who will be eager to hear about your need in their niche.

If you want to hire an exceptional Financial Crimes Compliance Manager, complete the contact form below and we will initiate a conversation about how Kind Consultancy can help find the ideal person for your organization.