AML Compliance Officer
- Hybrid (2 days a week), New York
- Belmont Park (Elmont), New York
- Finance/Accounting
- Legal
- Regular Full Time
Title: AML Compliance Officer
Employee Status: Regular Full Time
Work From Home Option: Hybrid - 2 Days/Week (40% Remote)
FLSA Status: Exempt
Job Overview:
Seasoned individual contributor, who works independently with minimal supervision. Supports the implementation and continuous improvement of NYRA's anti-money laundering and compliance activities. Administers key components of the AML compliance program, supports regulatory reporting obligations, reviews and escalates suspicious activity, maintains AML-related policies and procedures, coordinates training efforts, and partners across business units to promote compliant operations and risk awareness.
Essential Functions:
• Works independently under limited supervision to execute AML and compliance responsibilities, exercising a high level of decision making to resolve problems and roadblocks as they occur.
• Maintains knowledge of applicable AML laws, regulations, and reporting obligations to support the administration and continuous improvement of NYRA's AML compliance program.
• Prepares and files required FinCEN/BSA reports, including Currency Transaction Reports, Form 8300, Money Services Business Registration filings, and suspicious activity reports, as necessary and in a timely manner.
• Reviews, evaluates, investigates, and documents suspicious activity or transactions and escalates matters for reporting or further review where appropriate.
• Supports adherence to NYRA's AML Customer Identification Program and Know Your Customer due diligence protocols in partnership with relevant business units.
• Creates, maintains, and updates AML-related policies, procedures, and associated controls and supports updates to applicable automated systems as needed.
• Partners with Human Resources and other departments to maintain effective AML training, including introductory training for new employees and periodic refresher training.
• Maintains required files and registrations and supports responses to law enforcement requests as directed by management.
• Prepares written reports, summaries, and communications regarding AML activity, emerging issues, and compliance matters for management and staff.
• Assists in identifying, monitoring, and reporting on other NYRA compliance responsibilities as assigned.
Qualifications:
• Bachelor’s degree required.
• JD, MBA, or CPA preferred, but not required.
• Minimum eight years of experience in financial services data analysis and reporting.
• Experience in AML or a related compliance field strongly preferred.
• Proficiency in Excel, Word, and PowerPoint.
Summary of Physical Requirements and Work Environment:
Travel to Belmont 0-15% and Saratoga 0-15%
Pay Range / Salary: $90,000.00 - $135,000.00
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FinanceNYRA Competencies:
Elevates Everyone’s Experience through meaningful interactions and communication. And, by treating each other with respect and consistently displaying value and appreciation for the contributions of others.
Advances a Culture of Safety and Integrity by acting in the organization’s best interest, adhering to all policies, and upholding ethical standards.
Innovates and adapts by seeking feedback to improve performance, introducing new ideas and solutions to advance the organization.
Shows Pride of Ownership by being accountable for your role and responsibilities, mentoring colleagues, maintaining transparency in all interactions, and sharing your success with everyone involved.
Achieves Excellence by delivering your best effort, demonstrating exceptional leadership attributes, and persevering through challenges.
About Us:
With a lineage of nearly 150 years, The New York Racing Association (NYRA) serves as the cornerstone of New York State's thoroughbred industry at three major tracks (Aqueduct Racetrack, Belmont Park, and Saratoga Race Course). The industry contributes more than $3 billion annually to its urban, suburban, and rural economy. NYRA also offers a variety of exciting career opportunities – on and off the track. From Finance to Facilities, Turf to Technology, in all departments we are stewards of our sport. Join our talented team of professionals.
NYRA is committed to equal employment opportunity and to compliance with federal, state, and local anti - discrimination laws. NYRA values diversity and complies with New York State and New York City law, which prohibits discrimination and harassment against any employee, applicant for employment, or intern based on race, age, color, religion, sex (including pregnancy, childbirth or related medical conditions, gender identity / expression and transgender status), national origin or ancestry, citizenship, physical or mental disability, genetic information (including predisposing genetic characteristics), age (18-years-of-age & up), veteran status, military status, sexual orientation, marital status, familial status, caregiver status, partnership status, unemployment status, certain arrest or conviction records and domestic or sexual violence victim status. NYRA does not tolerate discrimination or harassment based on an employee’s membership in one or more of these protected categories, an employee’s known relationship or association with a member of one or more of these protected categories, or any other characteristic protected by applicable federal, state, or local law.
Visit us at NYRA.com to learn more!
The New York Racing Association, Inc. (NYRA) holds the exclusive franchise to conduct thoroughbred racing at Aqueduct Racetrack, Belmont Park and Saratoga Race Course. NYRA tracks are the cornerstone of New York State’s horse racing industry, which is responsible for 19,000 jobs and more than $3 billion in annual economic impact.
