The Wire Room Compliance Manager provides compliance subject expertise to areas identified as requiring attention. Expected to create reports from raw data and provide best practice recommendations. Support major project efforts and deliver administrative, operational, and SME insights to coordinate and delver positive outcomes. Specialist the effort to ensure compliance gaps identified are corrected and routine efforts fall within compliance of US laws and regulations. Provide regular progress updates to supervisor on the progress of issues

Primary Responsibilities :

·        Operations SME for SWIFT. Review the acceptance and processing of wire transfer requests from clients and bank personnel.

·        Perform various security related functions such as verification and callback confirmations to validate the authenticity of outgoing wire transfers.

·        Review the processing of all outgoing wire transfers (Domestic, International USD, and International Foreign Currency, etc.) for external and internal customers according to set policies and procedures.

·        Resolving problems through inner and outer department communication as necessary.

·        Analyze outgoing wire requests to determine if they are in strict compliance with policies and procedures.

·        Review and supervise the processing of all incoming wire transfers according to set policies andprocedures.

·        Utilize multiple servicingsystems for research and processing (i.e. SWIFT).

·        Review the purpose of the wire transfer and consider if is reasonable to effectively eliminate potential fraud/suspicious situations.

·        Ensure compliance with allestablished Federal Regulations for Wire transfers (OFAC, BSA/AML,Dodd-Frank, etc.).

·        Monitor the status of wire transfers throughout the business day to ensure deadlines are met. Identifyand escalate non-routine transactions and exceptions to eliminate potential fraud/suspicious situations.

·        Investigate and research suspicious or fraudulent claims in accordance with Bank policy.

·        Assist with resolving any wiretransfer system issues and perform all related duties and special projects asassigned.

·        Recommend latest methods to improve departmental function and carries out specialized research to resolve problems and disputes.

·        Comprehend Federal Regulations that govern wire transfer transactions to eliminate any potential loss to the Bank.

·        Supervise the performance ofend-of-day reconciliations. Be proactive with special research projects related to implementing new products, controls and system enhancements.

·        Own, identify and recommend newmethods of procedural enhancements to improve efficiency.