BlackRock
BlackRocks Global Compliance Department protects BlackRock’s reputation and provides advice to the business focused on ensuring the protection of our client’s best interests. The department is a dynamic environment with the team focused on understanding evolving business strategy, challenging and advising on the impact of regulations in our business, with the objective of:
• Actively participating in business decisions to champion our clients’ interests and assist the business in translating Compliance into their daily work and decision making;
• Cultivating and enhancing BlackRock’s compliance culture;
• Providing thought leadership on the impact and implementation of regulations to our business and to the market; and
• Developing and fostering excellence within the Compliance team.
Job Purpose:
The firm is seeking an individual, based in San Francisco, to be part of the Americas Financial Crime Compliance Team and work as part of a larger team in multiple locations. The individual will provide Anti-Money Laundering (“AML”) compliance support for two regulated legal entities and also lead the Americas Financial Crime investigations and reporting function. The successful candidate will need to demonstrate extensive knowledge of, and experience in dealing with, financial crime issues, with a focus on anti-money laundering, sanctions, fraud, and investigations. The role would report directly to the Americas Head of Financial Crime, who is based in New York.
Key Responsibilities:
• Be the main Financial Crime point of contact for regulatory examinations and internal audits.
• Manage the day-to-day responsibilities for the AML compliance program and framework for two regulated legal entities, including responsibility for producing risk assessments, AML policy and procedures, and key metrics for relevant board and management reporting.
• Manage the Americas Financial Crime investigations function, conduct complex investigations, prepare and file Suspicious Activity Reports.
• Oversee AML monitoring and testing activities, including transaction surveillance quality assurance reviews and customer due diligence monitoring reviews.
• Oversee high risk client reviews and politically exposed persons risk exposure reviews.
• Provide advice to business lines regarding interpretation of AML regulatory requirements.
• Provide guidance to more junior staff members and provide support to other team members, as appropriate.
Knowledge/Experience:
• The successful candidate should have 7+ years of experience in AML or Financial Crime areas at other financial institutions.
• Experience with the Office of the Comptroller of the Currency (“OCC”) would be an advantage.
• Extensive knowledge of AML regulations; including the U.S. Bank Secrecy Act, the USA PATRIOT Act, OCC regulations and OFAC requirements. Understanding of fraud and sanctions risks would be beneficial.
• Experience in investigations or monitoring would be an advantage.
• Proactive, self-motivated and with excellent organizational skills with ability to prioritize workloads and adhere to deadlines.
• Proven ability to work as part of a team and independently.
• Excellent communication, judgment, and business partnership skills.
For San Francisco, CA Only the salary range for this position is USD$137,500.00 - USD$194,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.