; and (B) be appointed by the Director, from among individuals having experience or familiarity with anti-money-laundering-program examinations, supervision and enforcement, and prior employment with financial institutions handling such matters. (2) Compensation The annual rate of pay for the Liaison shall be equal to the highest rate of annual pay for other senior executives who report to the Director. (3) Staff of office The Liaison, with the concurrence of the Director, may retain or employ counsel, research staff, and service staff, as the Liaison deems necessary to carry out the functions, powers, and duties of the Office. (4) Functions of the liaison (A) In general The Liaison shall— (i) receive feedback from financial institutions and bank examiners regarding their examinations under the Bank Secrecy Act and communicate that feedback to FinCEN, the Federal functional regulators, and State bank supervisors; (ii) help promote coordination and consistency of supervisory guidance from FinCEN, the Federal functional regulators, and State bank supervisors regarding the Bank Secrecy Act; (iii) act as a liaison between financial institutions and their Federal functional regulators and State bank supervisors with respect to matters involving the Bank Secrecy Act and regulations issued thereunder; (iv) establish safeguards to maintain the confidentiality of communications between the persons described in subparagraph (B) and the Liaison; (v) analyze the potential impact on financial institutions of proposed regulations of FinCEN