Senior Counsel-AML/Financial Crimes Job Listing at City National Bank in Los Angeles, CA (Job ID 10819)

Description

SENIOR COUNSEL- AML/FINANCIAL CRIMES WHAT IS THE OPPORTUNITY? The Senior Counsel- AML/Financial Crimes will provide legal advice to City National Bank, a national banking association and its subsidiaries, affiliates and related companies to minimize legal and regulatory risk associated with money laundering, economic sanctions, and other financial crimes. Candidate must have substantial experience advising regulated financial institutions (including national banks and broker-dealers) on laws and regulations relating to AML and Financial Crimes, including those promulgated by FinCEN, the OCC, FINRA, and the SEC. Significant expertise in assigned area of focus is essential as is the ability to work and communicate effectively with management and colleagues at multiple levels. WHAT WILL YOU DO?

Responsibilities:

• Provide legal advice to all three lines of defense (front line, Risk/Compliance, Audit), broker-dealer businesses, and other U.S.-based businesses regarding all aspects of AML laws, including the Bank Secrecy Act, and other financial crimes.
• Advise on high-risk client relationships and assist with de-marketing efforts.
• Provide ongoing interpretation and implementation requirements for laws and regulations relating to AML and financial crimes.
• Review policies, procedures, and controls to ensure compliance with applicable laws and regulations.
• Provide legal advice on other financial crimes, including fraud and elder abuse.
• Provide legal support for relevant investigations, regulatory reporting, and regulatory examination issues
• Assist lines of businesses and other functions to identify, assess, and mitigate AML risks, including advising on customer due diligence (CDD), suspicious activity reporting (SAR), and transaction monitoring.
• Assist with legal aspects of remediation efforts, and advise on regulatory communications and responses to regulators and training materials to ensure regulatory compliance.
• Advise on OFAC reporting obligations.
• Review AML and Sanctions -related language in client and vendor agreements; work on inter-company agreements for AML services.
• Collaborate with internal and external counsel and cross-functional teams, including compliance/risk to identify and mitigate risks associated with Financial Crimes.
• Assist with special projects and product initiatives

WHAT DO YOU NEED TO SUCCEED? Required Qualifications*

• JD (Juris Doctor)
• Minimum 10 years of experience with providing counsel to financial institutions on legal and regulatory matters

Additional Qualifications

• Ability to manage multiple projects concurrently and meet deadlines.
• Ability to work and communicate effectively with management and staff at multiple levels.
• Ability to work on cross-functional teams with emphasis in multiple coverage areas.
• Be well versed in state and federal laws and regulations governing the assigned area(s) of responsibility, banking environment, and related industry practices
• Demonstrate experience in analyzing, interpreting and communicating strategies and requirements, and the ability to translate complex legal requirements into written materials and oral presentations.
• Excellent interpersonal, verbal and written communication skills.
• Excellent problem solving abilities and effective verbal, written and executive communication and presentation skills.
• Experience in analyzing, interpreting and communicating legal strategies and requirements to internal clients and in translating both basic and complex legal requirements into written materials and oral presentations.
• Experience with managing confidential information and documents with discretion.
• Experience working in financial services industry preferred.
• Flexibility and ability to work well with a team.
• Must be able to work independently, performing a variety of tasks in a team environment.
• Proven leadership with initiative and problem solving abilities.
• Strong business sense and ability to exercise good business judgement is critical
• Strong presentation and documentation skills.

WHAT'S IN IT FOR YOU? Compensation Starting base salary: $141,830 - $263,408 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.
ABOUT US Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

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