BSA Officer and Compliance Director
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Job Location:
New York City, NY - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
At OakNorth were on a mission to empower the UKs most ambitious businesses. Since 2015 weve lent over $18 billion across the UK and US helped create more than 58000 new homes and 36000 new jobs and supported hundreds of thousands of personal savers all while fuelling the UK economy.
We started lending in the US in 2023 and received approval from the regulatory authorities to open our New York Representative Office in September 2024. In that time we have already provided $1.7bn of lending in the US and this is just the start of our US are also acquiring Community Unity Bank based in Michigan subject to regulatory approval.
This is an exciting chance to join a fast-moving innovative bank with a reputation for doing things differently. Were not looking for someone to simply slot in we want self-starters and bold thinkers who are ready to shape their own career path and are passionate about backing the UKs most dynamic business leaders.
Are you ready to take on the challenge
In a nutshell were looking for a US compliance specialist & BSA Officer to lead compliance efforts at our New York Representative Office. This is a hands-on role where youll not only oversee all things BSA/AML but also play a big part in shaping our broader US compliance framework as we expand.
Youll be an integral part of OakNorths expansion into the US helping to ensure that we scale fast but scale safely.
What Youll Be Doing
- BSA Lead - oversee and develop the BSA/AMLand Compliance program for the New York Representative Office reporting to the UK MLRO / Head of Compliance.
- Compliance lead - helping us to remain compliant as we lend across the US keeping up with evolving regulations remove jargon and ensure we remain on top. Ultimately no pressure! help ensure were meeting all relevant US federal and state regulatory and legal requirements.
- Grow commercial lending enable the team to lend into an increasing number of states across the US and ensure we lend within regulatory parameters.
- Enable scale be part of wider growth of OakNorth Banks US aspirations providing advice and guidance across banking and asset management.
- Advise and collaborate work closely with teams in both New York Michigan the UKand India and provide clear practical compliance guidance and support.
- Engage regulators act as point of contact for regulators ensuring speed and quality of responses.
What Were Looking For
- At least 5 years solid experience in Bank Secrecy Act and Anti Money Laundering compliance and the ability to practically implement regulations into commercially workable processes and controls.
- Strong knowledge of US banking regulations (bonus points if youve navigated both US and UK frameworks. Double bonus if you have asset management experience too!)
- A mix of strategic thinking and hands-on executionyoull be both designing frameworks but rolling up your sleeves too.
- Excellent comms skillsable to explain complex rules on both sides of the pond!
- Someone who is proactive curious and not afraid to bring new ideas to the table.
$100000 - $190000 a year
We may use artificial intelligence (AI) tools to support parts of the hiring process such as reviewing applications analyzing resumes or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed please contact us.
Required Experience:
Director
Key Skills
- Compliance Management
- Risk Management
- Financial Services
- PCI
- Banking
- Cost Accounting Standards
- Quality Systems
- Research Experience
- NIST Standards
- Securities Law
- SOX
- ISO 27000
About Company
OakNorth Credit Intelligence Suite transforms commercial lending, giving banks 360° views of borrowers, with deeply granular, forward-looking insight, to improve efficiencies, lower credit risk, and drive profitable growth through economic cycles. Banks lend smarter, lend faster, and ... View more
