Risk Assessment Manager - AML & OFAC - Phaxis LLC

Hybrid in NYC or PA

Role Summary:

We are in search of a seasoned Risk Assessment Manager to lead Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) risk evaluations in accordance with regulatory mandates. This position will be responsible for updating and executing the organization's risk assessment methodology as part of a formal compliance agreement. The manager will supervise a team of analysts to ensure efficient and thorough risk assessments are completed.

Key Responsibilities:

• Lead the implementation of revised methodologies for AML and OFAC risk assessments to ensure compliance with all regulatory standards.
• Serve as the Subject Matter Expert (SME) for AML and OFAC-related risk evaluations.
• Collaborate with internal departments to align risk assessment strategies with the organization's broader risk management framework.
• Oversee a team of analysts to ensure detailed risk assessments are conducted with precision and delivered within set deadlines.
• Develop and execute timelines for AML and OFAC risk assessment projects.
• Regularly report progress and key findings to senior leadership and regulatory authorities.
• Keep abreast of changes in AML and OFAC regulations and apply best practices in risk management.

Qualifications:

• Bachelor's degree in business, risk management, or a relevant discipline (Master's degree preferred).
• At least 10 years of experience in risk management, with a specialization in AML and OFAC risk evaluations.
• Proven track record of managing teams and implementing risk assessment frameworks.
• In-depth knowledge of AML and OFAC regulatory requirements.
• Strong leadership and communication abilities.

Technical Skills:

• Proficiency in Microsoft Office applications and adaptability to other internal software tools.