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Associate, Governance Periodic Review Analyst

Associate, Governance Periodic Review Analyst

Community Federal Savings BankNew York, NY, US
2 days ago
Job type
  • Full-time
Job description

Job Description

Job Description

Position Summary :

CFSB is seeking a highly skilled and motivated individual to join the Compliance Governance team. This individual will be responsible for reviewing the Bank’s Payment Solutions Partners (“PSPs”) through annual due diligence and periodic review processes. The analysis includes, but is not limited, to the following considerations : KYC / KYB information, contractual agreements, transactional history, and BSA / AML / OFAC related risk factors.

The ideal candidate will have a strong background in financial crime compliance and internal controls, and a keen eye for detail.

Key Responsibilities :

  • Coordinate with internal stakeholders to ensure PSPs are operating in a manner consistent with CFSB’s standards and contractual requirements.
  • Conduct preliminary analysis and review of key PSP information including, but not limited, to :

CFSB’s BSA / AMLOFAC risk exposure

  • Applicable transactional activity, including : ACH, Wire, Cards, etc. to confirm alignment with expected activity and designed funds flows
  • Open-sourced research, OFAC screening, and negative news
  • Performance of PSP’s KRIs and KPIs
  • Ensure adherence to internal review SLAs and escalate relevant items, including PSP concerns, issues, to management when identified.
  • Assist in program change review analysis and / or management reporting when necessary.
  • Monitor and assess changes in regulations and industry trends related to financial crimes, FinTech, consumer regulatory compliance, and staying up-to-date with emerging risks that may impact customers and CFSB.

    • Knowledge, Skills, and Abilities :

  • The ability to identify potential issues or risks and suggest concrete solutions.
  • Proficient in Microsoft Office Suite (Word, Excel, PowerPoint) or related software.
  • Capability to work independently and collaboratively in a team environment.
  • Excellent verbal and written communication skills.
  • Strong interpersonal skills.

    • Education, Training, and Experience :

  • Minimum requirement of a bachelor’s degree with a preferred focus in Finance, Law, Economics, International Relations, or a related field; advanced degree or professional certification (e.g., CAMS, CFE) preferred.
  • Minimum of 2 years of experience in compliance.
  • Knowledge of various customer types and their respective functions, such as money service businesses, money transmitters, prepaid card programs, and debit card programs, is desired.
  • Excellent analytical and investigative skills with the ability to handle complex and sensitive information.
  • Advanced understanding of financial crime compliance regulatory requirements, risks, and implications.

    • Salary : $70,000 to $75,000 K / year

    "Base salary range does not include performance-based bonus and / or other benefits, where applicable. Actual base salary offer will vary based on skills and experience."

    About Community Federal Savings Bank (CFSB)

    Community Federal Savings Bank (CFSB) is a federally chartered bank founded in 2001 and headquartered in New York City. CFSB has focused on providing superior service and added value to clients though a solid understanding of relationship banking. We offer a full range of services, including loans, bill payments, card services, internet banking, and merchant processing.

    We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and / or veteran status, or any other Federal or State legally-protected classes.

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    Governance Associate • New York, NY, US