Job Summary Designs, implements and manages customized AML/BSA and OFAC risk monitoring programs for complex customer types designated as Special Risk to include Merchant Acquiring Independent Sales Organizations (ISOs), Payment Facilitators (PayFac), Third Party Payment Processors (TPPPs), and Money Service Businesses (MSBs).
Partners and collaborates with the line of business to define risk mitigation.
Monitors the regulatory and legal requirements for higher risk verticals (online gaming,/gambling, digital assets, money services).
Works on and manages a variety of high-profile AML/BSA program initiatives to include the BSA enterprise risk assessment.
Communicates and presents information to senior management regularly.
Job Duties and.
Serves as the central point of contact for line-of-business and all Special Risk customer related matters.
Applies knowledge of assigned specialty risk areas to due diligence and oversight of customers.
Focused expertise in higher risk verticals can include online gaming/gambling, digital assets, money services, or others as needed.
Conducts site visits of existing and potential customers in conjunction with the line of business, manages the collection, review and approval of all documentation required to ensure appropriate risk mitigation and sound regulatory compliance.
Applies knowledge of bankcard payment operator network (e.
, Visa, MasterCard, AMEX, Discover) rules, standards, and practices, with regard to acquirer due diligence with strong knowledge of processor operating systems, knowledge of high-risk mer.