UBS Financial Services CUSO Enterprise Wide BSA/AML Program Lead in New York, New York

Your role:

Do you have the know-how for developing and implementing BSA/AML related frameworks, policies and procedures? Do you want to play a key role in driving change?

We’re looking for someone like that to:

  • Establish, develop and enhance components of an adequate BSA/AML program with key procedural controls, procedures and processes based on peer bank group leading practices

  • Identify key risks in the current client lifecycle management process and recommend strategies to for future state design to mitigate AML risks while operationalizing efficiency levers and reduce account opening lead times

  • Provide Subject Matter Expertise on potential key risks identified during the EDD review process (e.g., SOW corroboration, negative news/adverse media screening, collection of required UBO/partner documentation, customer activity reviews, client risk rating, etc.)

  • Develop and implement BSA/AML related frameworks, policies and procedures utilizing a Risk Based Approach consistent with UBS' risk profile

  • Lead weekly,bi-weekly and monthly risk committee discussions identifying key programmatic BSA/AML risks and strategically implement controls, processes and procedures with limited disruption to the business

  • Support and analyze MI/Reporting metrics to identify emerging trends and outliers of potential risks areas

What we offer:

Together. That’s how we do things. We offer people around the world a supportive, challenging and diverse working environment. We value your passion and commitment, and reward your performance.

Keen to achieve the work-life agility that you desire? We're open to discussing how this could work for you (and us).

Take the next step:

Are you truly collaborative? Succeeding at UBS means respecting, understanding and trusting colleagues and clients. Challenging others and being challenged in return. Being passionate about what you do. Driving yourself forward, always wanting to do things the right way. Does that sound like you? Then you have the right stuff to join us. Apply now.

Disclaimer / Policy Statements:

UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.

Your team:

You’ll be working in the Chief Administrative Officer (CAO) team. You will be a member of the UBS AG Private Bank which is an OCC regulated entity. The bank primarily provides lending and investment management solutions for Client Advisors and Financial Advisors with clients who want to book in the United States.

Your expertise:

You have:

  • Experience with applicable laws, rules and regulations pertaining to BSA/AML statutory and non-statutory requirements, including, Bank Secrecy Act, PATRIOT Act, FFIEC Examination Manual, FinCEN CDD Rule, etc.

  • Understanding of key topics within the client lifecycle management process, including: Source of Wealth corroboration, negative news and adverse media screening, collection of required UBO/partner documentation, nature and purpose of account, monitoring/mitigating of potentially suspicious transactions, changes in regulatory rules, recent trends and enforcement actions, peer group leading practices, client risk rating, other AML related red flags

  • Understanding of wealth management products and services

  • At least 5 years of experience Management or Risk Consulting

You are:

  • Experienced in matters relating to BSA/AML programmatic elements and implemented or recommended key procedural controls, procedures and processes into a BSA/AML program based on peer bank group leading practices and regulatory requirements

  • Experienced in developing and implementing BSA/AML related frameworks, policies and procedures utilizing a Risk Based Approach

  • Experienced with appropriate law, rules and regulations pertaining to BSA/AML statutory and non-statutory requirements, including, Bank Secrecy Act, PATRIOT Act, FFIEC Examination Manual, FinCEN CDD Rule, etc.

About us:

Expert advice. Wealth management. Investment banking. Asset management. Retail banking in Switzerland. And all the support functions. That's what we do. And we do it for private and institutional clients as well as corporations around the world.

We are about 60,000 employees in all major financial centers, in more than 50 countries. Do you want to be one of us?

Your colleagues:

Job Reference #: 186026BR

Business Divisions: Global Wealth Management

Title: CUSO Enterprise Wide BSA/AML Program Lead

City: New York

Job Type: Full Time

Country / State: United States - New York

Function Category: Business management, administration and support, Process, project and program management