CUSO Compliance Financial Crimes Specialist
Apply NowCompany: Natixis Corporate & Investment Banking
Location: New York, NY 10025
Description:
Job Description
The CUSO Compliance Financial Crimes Specialist will support the Head of Combined U.S. Operations ("CUSO") Compliance in overseeing and executing operational, organizational, reporting, and regulatory matters related to the CUSO Compliance team. This position requires a highly motivated individual with a strong financial crimes regulatory background. The role also demands excellent communication skills and the ability to develop and maintain relationships with multiple stakeholders across various functional roles and seniority levels. The individual will work closely with all functions within CUSO Compliance and collaborate with key areas of risk and compliance across multiple business types, including corporate and investment banking, M&A, and wealth management.
The CUSO Compliance Officer will report to the Head of CUSO Compliance and will be responsible for supporting the broader team in the following areas:
Regulatory Compliance: Review existing compliance programs against relevant federal and state regulations regarding financial crimes (Anti-Money Laundering, Counter Terrorist Financing, Sanctions, Anti-Bribery and Corruption, and Anti-Fraud) for various business lines, including investment banking and wealth management. This includes compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) laws, and the USA PATRIOT Act. The role involves close engagement in prudential regulatory interactions and identified remediations or enhancements related to regulatory recommendations or self-identified issues.
Risk Assessment: Analyze financial crimes-related metrics, risk appetite frameworks, results of compliance risk assessments, and related control plans across multiple business types to identify potential vulnerabilities and develop strategies to mitigate those risks effectively. Ensure material risks are escalated to senior management in a timely manner.
Policy Development: Develop, implement, and maintain CUSO-level compliance policies and procedures tailored to the unique needs of U.S. investment banking and wealth management businesses, ensuring alignment with regulatory changes and industry best practices.
Collaboration: Work closely with other departments, including business line compliance functions, risk management, technology, audit, legal, operations, and business leaders, to ensure a comprehensive and unified approach to compliance across the organization.
Stay Informed: Keep abreast of industry trends, regulatory changes, and emerging risks related to financial crimes applicable to investment banking and wealth management to ensure the organization remains compliant and proactive.
Primary responsibilities include:
The salary range for this position will be between $190,000 - $230,000. Natixis is required by law to include a reasonable estimate of the compensation range for this role. Actual base salary will vary and will be based on several factors including, but not limited to, relevant experience, education, skills set, applicable licensure and certifications, and other business and organizational needs. Base salary is only one component of our total rewards package. Natixis also offers a generous benefits package, and you may be eligible for a discretionary incentive award depending on company and individual performance.
The CUSO Compliance Financial Crimes Specialist will support the Head of Combined U.S. Operations ("CUSO") Compliance in overseeing and executing operational, organizational, reporting, and regulatory matters related to the CUSO Compliance team. This position requires a highly motivated individual with a strong financial crimes regulatory background. The role also demands excellent communication skills and the ability to develop and maintain relationships with multiple stakeholders across various functional roles and seniority levels. The individual will work closely with all functions within CUSO Compliance and collaborate with key areas of risk and compliance across multiple business types, including corporate and investment banking, M&A, and wealth management.
The CUSO Compliance Officer will report to the Head of CUSO Compliance and will be responsible for supporting the broader team in the following areas:
Regulatory Compliance: Review existing compliance programs against relevant federal and state regulations regarding financial crimes (Anti-Money Laundering, Counter Terrorist Financing, Sanctions, Anti-Bribery and Corruption, and Anti-Fraud) for various business lines, including investment banking and wealth management. This includes compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) laws, and the USA PATRIOT Act. The role involves close engagement in prudential regulatory interactions and identified remediations or enhancements related to regulatory recommendations or self-identified issues.
Risk Assessment: Analyze financial crimes-related metrics, risk appetite frameworks, results of compliance risk assessments, and related control plans across multiple business types to identify potential vulnerabilities and develop strategies to mitigate those risks effectively. Ensure material risks are escalated to senior management in a timely manner.
Policy Development: Develop, implement, and maintain CUSO-level compliance policies and procedures tailored to the unique needs of U.S. investment banking and wealth management businesses, ensuring alignment with regulatory changes and industry best practices.
Collaboration: Work closely with other departments, including business line compliance functions, risk management, technology, audit, legal, operations, and business leaders, to ensure a comprehensive and unified approach to compliance across the organization.
Stay Informed: Keep abreast of industry trends, regulatory changes, and emerging risks related to financial crimes applicable to investment banking and wealth management to ensure the organization remains compliant and proactive.
Primary responsibilities include:
- Support the development and maintenance of a compliance risk management framework (e.g., risk appetite, etc.); perform analyses, document findings, and prepare materials for presentation to senior management.
- Analyze various compliance risks and perform ongoing quality reviews of processes, information, and data across the compliance teams to identify opportunities for process improvement and/or automation.
- Document procedures, maintain, and enhance governance and controls that support the compliance risk framework and demonstrate sustainability.
- Lead and/or participate in ad hoc projects and working groups.
- Contribute to the execution of various activities common across the compliance teams (e.g., internal audits, exams, etc.) to consolidate updates/reporting and ensure consistency and alignment across functions.
- Assist in coordination with Head Office on key projects and initiatives; liaise with Head Office and other Natixis locations on global and local issues to ensure U.S. views and needs are represented.
- Compile and review various compliance information and data used for reporting; analyze/track risks for the compliance teams, CCOs, Head Office, and other governance committees.
- Identify key themes, trends, or issues, including regulatory or issues management, and other transversal topics on an ongoing basis for monitoring and/or escalation.
The salary range for this position will be between $190,000 - $230,000. Natixis is required by law to include a reasonable estimate of the compensation range for this role. Actual base salary will vary and will be based on several factors including, but not limited to, relevant experience, education, skills set, applicable licensure and certifications, and other business and organizational needs. Base salary is only one component of our total rewards package. Natixis also offers a generous benefits package, and you may be eligible for a discretionary incentive award depending on company and individual performance.