Location: New York,NY, USA
Who We Are:
Oppenheimer & Co. Inc. (Oppenheimer) is a leading middle-market investment bank and full service broker-dealer. With roots tracing back to 1881, the Company is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (both corporate and public finance), equity & fixed income research, market making, trust services and investment advisory and asset management services.
Job Description:
Oppenheimer & Co. Inc. is seeking a KYC Team Lead/Supervisor to join our Compliance Team in our New York office.
Responsibilities:
* Supervise and support a team of 3-6 KYC Officers in their daily duties
* Perform second review/4-eyed checks on all foreign and high-risk accounts during both on boarding and periodic/event driven reviews
* Perform quality control reviews of a sample of each assigned KYC officers monthly work
* Conduct targeted training and professional development for assigned team members
* Assist with User-acceptance testing and technological improvements as they relate to KYC
* Compile and present KPI/monthly metrics to senior management
* Update KYC processes based on changes in the regulatory environment as well as best practices
* Act as first point of escalation for negative news, political exposure, and sanctions
* Liaise with the business daily to ensure smooth KYC processing
* Provide guidance on complex KYC matters to the Business and AML team members to meet regulatory requirements
* Complete reports that act as additional controls to ensure the firm is meeting all of its regulatory obligations related to BSA, USA Patriot Act, and OFAC
* Sit in on new hire Interviews and train junior team members
Qualifications:
* Certified Anti-Money Laundering Specialist (CAMS) preferred
* Bi-lingual Spanish / English is preferred
* Experience with LexisNexis and Actimize a plus
* Outside the box thinker, utilizing multiple documents/sources to meet regulatory requirements
* Works well with a team but is a self-starter, can manage individual workload, and detail oriented
* Ability to communicate effectively both over the phone and in writing
* Handle complicated, time sensitive situations and works well under pressure
* Knowledgeable of the laws applicable to money laundering, including:
* Bank Secrecy Act, the USA PATRIOT act, US Treasury AML guidelines, OFAC requirements
* Experience with Latin American corporate structures / complex ownership involving multiple jurisdictions
* Understanding of OFAC sanctions exposure risk in LATAM, especially Venezuela including risk mitigation by reliance on applicable general licenses
Requirements:
* Bachelors Degree
* Expert knowledge of reviewing KYC documentation for corporations, foreign financial institutions, trusts, PHC/PICs and complex ownership structures
* Well versed in FINCEN CDD requirements
* Ability to think critically, analyze situations, and provide an assessment to keep management informed
* The aptitude to be an agent for positive change
* Comfortable to regularly train a team of KYC officers and branch personnel
Compensation:
For job postings in New York City, Oppenheimer is required by law to include a reasonable estimate of the salary range for this role. This salary range is specific to the City of New York and takes into account the wide range of factors that are considered in making salary decisions including but not limited to your skills, qualifications, experience, licensure and certifications, and other business and organizational needs. A reasonable estimate of the current base salary range is $90,000.00 - $120,000.00. Also, certain positions are eligible for additional forms of compensation such as discretionary bonus.