JOB SUMMARY: Community Federal Savings Bank (CFSB), located in New York City, is seeking a Compliance Due Diligence AVP to join the Compliance Due Diligence function reporting to the Head of Compliance Due Diligence. CFSB offers a full range of banking services including, ACH settlement services, pre-paid card issuance, and retail banking. In addition to serving our general customer base, we also service various types of money service businesses and FinTech companies. The candidate suitable for this role will display a high degree of professionalism and integrity through their work and will possess a solid understanding of Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) regulations; CIP and KYC requirements; and have experience conducting deep-dive customer risk assessment reviews with a focus on entities in the payments and Fintech industry.

Responsibilities:

• Conduct review of FinTech, payment, and money service business entities, including performing assessments of these entities BSA/AML and Sanctions screening process and controls.

• Perform audits of client’s policies and procedures and determine if client controls align with CFSB requirements. Conduct independent customer risk assessments for prospect relationships and ongoing periodic reviews of existing customers. Document and explain risks, controls, and any limitations or recommendations to the business on how to manage risks present.

• Gather a detailed understanding of the customer’s nature of business and identify if CFSB has sufficient controls to mitigate the risks associated.

• Perform Enhanced Due Diligence on higher risk customers.

• Conduct watchlist and adverse media screening with an ability to identify AML typology and disposition accordingly.

• Conduct initial quality assurance reviews and testing of CDD / KYC completed by the business line and program managers to assure the Bank’s Policy and Procedure standards are being met. • Assist in the production of continuous customer oversight metrics, reporting and governance to monitor areas of potential Compliance concern with customers and program managers.

• Interact with other CFSB departments/lines of business and external relationships to evaluate areas of potential risk exposure and remediation.

• Stay abreast of regulatory changes and AML/BSA and fraud related news.

• Effectively utilize and operate all tools and technology appropriate to the role (ex. Thomson Reuters, Lexis Nexis, Microsoft Office, Velocity, Internet, etc.).

• Assist the Head of Customer Due Diligence with specific projects when needed.

• Ensure timely completion of all mandatory training requirements.

Knowledge, Skills, and Abilities:

• Organized, detail oriented, self-motivates, and have strong communication, writing, and follow up skills

• Work well independently, and also as part of a team

• Strong analytical skills, along with strong attention to detail

• Understanding of compliance and BSA/AML regulatory requirements, risks, and implications

• Strong communication skills to effectively resolve issues in order to minimize risks and exposure

• Ability to manage time efficiently and effectively

• Excellent computer skills in a Microsoft Windows environment

Education, Training, and Experience:

• A minimum of 3-5 years of experience in BSA/AML, KYC, and Sanctions requirements

• Fintech experience is preferred

• Must have experience documenting customer risk assessment decisions

• Experience and knowledge of various customer types and their respective functions (ex. Money service businesses, money transmitters, pre-paid card programs, debit card programs, and retail banking customers desired)

• Experience with US consumer regulations (e.g., Reg E, UDAAP, ESIGHN) a plus

• BSA/AML Audit experience a plus

About Community Federal Savings Bank (CFSB)

Community Federal Savings Bank (CFSB) is a federally chartered bank founded in 2001 and headquartered in New York City. CFSB has focused on providing superior service and added value to clients though a solid understanding of relationship banking. We offer a full range of services, including loans, bill payments, card services, internet banking, and merchant processing.

We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes.