Compliance Associate

About the Role

An established financial institution is seeking a Compliance Associate or Assistant Vice President to support regulatory compliance, financial crime oversight, and risk management initiatives. This position offers exposure to multiple business lines, senior compliance professionals, and regulatory developments. The ideal candidate is analytical, detail-oriented, and comfortable managing reporting, compliance monitoring, and cross-functional projects in a fast-paced banking environment.

Key Responsibilities

• Support oversight of business-line compliance programs, including BSA/AML controls, regulatory requirements, and internal governance processes.
• Prepare monthly and quarterly compliance reports, management presentations, meeting materials, and regulatory risk summaries.
• Coordinate with business-unit compliance representatives to gather information, track outstanding items, and document key decisions.
• Monitor regulatory developments, enforcement actions, and industry guidance, assessing potential implications for the organization.
• Maintain regulatory change tracking tools and assist with communicating relevant updates to internal stakeholders and international management.
• Review compliance testing plans, control inventories, and risk metrics to monitor program effectiveness and remediation progress.
• Consolidate compliance data, identify trends, and prepare dashboards and reports for management committees.
• Assist with compliance reviews related to new business activities, client onboarding, and financial products.
• Coordinate responses to internal audit, compliance testing, and other information requests.
• Support periodic updates to industry-standard financial crime compliance questionnaires and related documentation.
• Track compliance testing activities, control deficiencies, and corrective action plans across business units.
• Maintain meeting records, coordinate approvals, and support governance and committee reporting.
• Contribute to enterprise compliance reporting, including risk indicators, regulatory developments, and emerging risk topics.
• Assist with special projects and process improvements across the compliance function.

Qualifications

• Bachelor's degree in Finance, Business, Accounting, Economics, Law, Actuarial Science, or a related field.
• Familiarity with US BSA/AML/CFT regulations, OFAC sanctions requirements, and financial services compliance practices.
• Strong analytical and problem-solving skills, with the ability to interpret complex information and communicate key findings clearly.
• Advanced proficiency in Microsoft Excel, including pivot tables, VLOOKUP, charts, and data analysis, along with strong PowerPoint and Word skills.
• Excellent written and verbal communication skills and the ability to collaborate across departments.
• Strong organizational skills, attention to detail, and ability to manage multiple deadlines.
• Self-motivated, adaptable, and comfortable working in a changing regulatory environment.