Financial Crimes Compliance Officer (Boston)

Financial Crimes Compliance (FCC) is accountable for the strategic development, management, and oversight of the financial crimes control environment across Allspring's business, implemented through partnership with business and corporate function leaders.

FCC is seeking a Financial Crimes Compliance Officer to manage the development, implementation, and monitoring of risk-based AML Program related activities. The Financial Crimes Compliance Officer will work to maintain the governing principles and standards which will protect the firm from financial crimes-related activity such as money laundering, terrorist financing, bribery, and corruption. The Financial Crimes Compliance Officer must provide oversight of the risk-based compliance program to assure compliance with federal, state, agency, legal and regulatory requirements.

RESPONSIBILITIES:

• Manages the third-party AML service provider oversight program.
• Manage independent audits and regulatory exams.
• Serve as primary contact for customer Identification program escalations for US and non-US funds.
• Provide compliance risk expertise and consulting for projects and initiatives with moderate to high risk to identify, assess and mitigate regulatory risk in all business activities.
• Works with business management to resolve issues and address deficiencies.
• Evaluates the adequacy and effectiveness of policies, procedures, processes, initiatives, products, and internal controls and identifies issues resulting from internal and/or external compliance examinations.
• Ensures coordination and communication with the business, the Law Department, Internal Audit, and external agencies as necessary.
• Consults with the business to develop corrective action plans and effectively manage change to ensure regulatory compliance.
• Identifies training opportunities; may design/coordinate the development of training materials and deliver training.
• Must have the ability to build solid relationships with key business partners and report findings and draft recommendations to management, when needed.
• May assist with site, agency or other examinations conducted by external parties.
• Will manage team tasks and provide guidance to less experienced specialists/consultants and may lead project teams and implementation initiatives.
• Provide ongoing monitoring of the operating/control environment and escalate as appropriate.

REQUIRED QUALIFICATIONS:

• 7+ years of experience in risk management (includes financial crimes, compliance, operations, legal) of which 3+ years must include direct experience working in a financial crimes team at a global asset management firm.
• Experience working with and providing oversight over third party AML service providers.
• Experience managing annual independent AML audits or regulatory examinations.

• Prior experience as a Chief AML Officer/Money Laundering Reporting Officer for a U.S domiciled regulated financial institution or non-US domiciled fund.
• ACAMS certification.
• Advanced Microsoft Office skills.
• Excellent verbal, written, and interpersonal communication skills.
• Strong analytical skills with high attention to detail and accuracy.
• Ability to articulate complex concepts in a clear manner.

Working knowledge of financial services products.