Compliance Director (Banking) manages operations to identify and respond to suspicious activity violating current anti-money laundering (AML) regulations as defined in the US Bank Secrecy Act (BSA) or other governmental anti-terrorist financing programs. Implements oversight systems, interdiction software, and audit processes to perform daily transaction monitoring and identify suspicious activity patterns. Being a Compliance Director (Banking) monitors activity and ensures adherence to Know your Customer (KYC) protocols and regulatory requirements for required filings and reporting. Leads investigations of suspicious activity to pursue corrective actions and ensure completion of required filings. Additionally, Compliance Director (Banking) maintains extensive knowledge of financial regulations, risk management best practices, and changing fraudulent trends to develop and implement appropriate compliance procedures. Delivers compliance training with up-to-date regulatory information and procedures to develop and guide well-informed staff. Typically requires a bachelor's degree. May have the Certified Anti Money Laundering Specialist (CAMS) certification. Typically reports to a director. The Compliance Director (Banking) typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Compliance Director (Banking) typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)
Posted: 03-Oct-23
Location: Madison Heights , Virginia
Type: Full Time
Sector:
Preferred Education:
Internal Number: 300
The Director of Compliance (DOC) serves as a member of the JHC Leadership Team and collaborates with all areas of the organization. The DOC works to ensure JHC conducts our healthcare organization in accordance with the highest ethics standards and in compliance with Federal, State, and HRSA guidelines.
Essential Duties and Responsibilities:
1. In conjunction with the CSRMO is responsible for the development, implementation, and management of an effective compliance program with applicable laws and regulations consistent with current best practice and guidance.
2. Demonstrates advanced critical thinking, especially during investigations, process reviews and risk mitigation.
3. Directs and provides oversight of the compliance program, including risk management assessments, health records processing, patient referral tracking, internal/external audits, and contract management.
4. Directs and implements all necessary actions to ensure achievement of the objectives of an effective compliance program by means of reviews, relevant training, and a system of consistent enforcement of the rules and the development/implementation of corrective action plans.
5. Directs and provides oversight of policy and procedures governance and timely approval processes.
6. Develops strategic gap and trend analyses for the company to identify and access key risk areas and establish appropriate mitigation plans.
7. Conducts extensive research and provides responses to questions regarding regulations, regulators, and impacted business practices in subject areas such as Federal Tort Claims Act (FTCA), Health Resources Services Administration (HRSA) program requirements, Health Center best practices, and new program development.
8. Stays up to date on industry changes, trends, laws, regulatory updates, and best practices.
9. Actively participates on various committees such as Quality Improvement, 340B Compliance.
10. Hires, trains, coaches, and guides direct reports on performance and performance improvement initiatives.
Qualifications:
1. Bachelor’s degree in business administration, Law, or Related Healthcare Field.
2. 2-4 years legal or compliance experience, preferably in a healthcare setting.
3. Must be fully proficient with Microsoft Office products including Word, Excel, and Power Point.
4. Proven ability to collect, analyze, and summarize data from a variety of sources is essential.
5. Strong oral and written communication skills, along with critical thinking and organizational skills.
6. Excellent interpersonal skills.
7. Knowledge of a broad range of management concepts for effective supervision and staff administration with the ability to prioritize multiple demands.
8. Ability to work well in a team setting and across functional areas.
9. Ability to adapt to sudden changes in schedules and flexibility in work requirements.
10. Ability to perform critical thinking to achieve positive outcomes.
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