Job Description

Ref No.:18-01049
Location: New York, New York
Job Description:
  • Lead and/or perform compliance testing, identify and make recommendations and report the results
  • Identify potential compliance and risks, and effectively escalate to the appropriate individuals
  • Propose methods of testing and execute plans
  • Develop test scripts corresponding to scope of the engagement and business expectations
  • Assess the design and effectiveness of controls implemented to mitigate the applicable BSA/AML/OFAC sanctions and consumer compliance risks
  • Collaborate with business lines to develop remediation plans to resolve control weakness identified through testing
  • Track and validate the implementation of remedial actions submitted by the business owners to verify that issues identified during testing are remediated, follow up with business owners as necessary
  • Prepare reports for Sr. management that highlighted the scope, testing approaches, testing results, and compliance testing activities
  • Review processes and recommend areas of improvements
  • Monitor regulatory activates and industry developments to identify trends and emerging issues that may have an impact on the Bank and compliance testing program.

Job Requirement:
  • Bachelor's degree or above, JD, MBA, Master preferred
  • 5 + years' experience in compliance testing, audit, operational risk or equivalent experience within financial services industry preferred, focus on AML/BSA/OFAC
  • Knowledge of US banking regulations and compliance practice with a focus on AML/BSA/OFAC and compliance risk
  • Strong communication skills

Application Instructions

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