Job Description
Job Title
Performs independent risk-based testing to evaluate the effectiveness and sustainability of Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Sanctions processes and controls across internal lines of business, FCRM functional area, and third-party business partners.
Responsibilities
Essential Functions
- Plans and scopes testing engagements by defining objectives, scope, testing approach, and timelines aligned to Bank requirements and applicable programs, policies, and procedures.
- Leads kickoff meetings and ongoing communications for assigned reviews, including setting expectations, managing requests, documenting decisions, and providing clear status updates to internal partners and third parties.
- Executes risk-based testing, including leading virtual walkthrough reviews with third-party program managers, and documents evidence and conclusions in standardized workpapers and reports.
- Prepares detailed workpapers and testing documentation that support test steps, evidence, and conclusions, using approved templates, and maintains well-organized, accurate, and complete documentation.
- Maintains thorough documentation of work performed and conclusions reached. Updates and maintains files and records using standardized templates, databases, and spreadsheets in accordance with departmental processes and procedures.
- Determines and documents testing conclusions by evaluating evidence, addressing gaps, identifying findings and recommendations, and preparing evidence-supported test reports with clear risk statements and impacts.
- Tracks and validates issue remediation by documenting findings in the Bank's issue management system, monitoring management action plans and due dates, and performing validation to confirm corrective actions are implemented and effective.
- Identifies and escalates key risks by evaluating risk impacts, highlighting trends or recurring breakdowns, and escalating material issues or delays through established channels with a recommended path forward.
- Performs other duties as assigned.
- No travel required.
Qualifications
Education/Experience Requirements
- Undergraduate degree in business, finance, risk management, audit, compliance, or related field, or an equivalent combination of training and experience.
- 3 years of experience performing compliance testing, audit, or quality assurance focused on BSA/AML and Sanctions controls within a financial institution, fintech, payments environment, or third-party risk context.
Preferred Qualifications
- Strong working knowledge of BSA/AML and Sanctions regulatory requirements and control expectations.
- Demonstrated ability to drive work forward under ambiguity by proposing practical next steps, documenting assumptions, and confirming expectations before execution.
- Demonstrated ability to critically assess risks and identify the level of review needed for testing.
- Demonstrated ability to identify and communicate solutions for issues identified during the testing process.
- Strong accountability and follow-through, incorporates feedback quickly, and closes the loop without repeated prompting.
- Strong investigative and analytical skills, including identifying patterns, root causes, and risk trends.
- Strong verbal, written, and interpersonal communication skills with the ability to work effectively with colleagues across regions and business units.
- Self-motivated team player able to work effectively in a team-focused, multitasking environment.
- Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook
- CAMS and/or audit-related certifications.
Additional Information
This job will be open and accepting applications for a minimum of five days from the date it was posted.
Job Tags
Work at office