AVP BSA AML Sanctions Testing Lead
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Job Location:
Wilmington, DE - USA
Monthly Salary:
Not Disclosed
Posted on:
1 hour ago
Vacancies:
1 Vacancy
Job Summary
Overview
Work Arrangement:
***After the initial training period this is a hybrid role working onsite in our Wilmington DE office.***
Oversees a team of Anti-Money Laundering (AML) Sanctions Testing Analysts to effectively design risk-based tests of Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Sanctions processes and controls within the line of business Financial Crimes Risk Management functional area and third parties.
Responsibilities
Essential Functions
- Designs and runs tests on processes and controls to identify gaps and opportunities to minimize risk associated with BSA/AML and Sanctions.
- Performs initial review of the AML Sanctions Testing Analyst workpapers and initial draft reports.
- Tests and monitors findings to stakeholders including senior leadership of both LOB and FCRM.
- Maintains awareness of industry updates to frequency and types of financial crimes regulatory requirements and related issues and enhances testing activities to address these issues.
- Communicates to business and compliance staff throughout the company on the objective and protocols within the FCRM testing and monitoring function.
- Works with VP BSA AML Sanctions Testing Manager to develop update and maintain MIS monitoring and tracking reports which extract data from day-to-day processes to increase efficiencies and identify patterns and trends in testing results.
- Leads team of AML Sanctions Testing Analyst to ongoing excellence. Evaluates and streamlines existing processes and systems for testing and monitoring. Works with VP BSA/AML Sanctions Testing Manager and IT to develop reports system requirements and system controls to identify risks.
- Performs site visits on Third Party Partners regarding their BSA/AML and Sanctions controls.
- Performs other duties as assigned.
Leadership Responsibilities
- Assists people manager in overseeing team in day-to-day operations
- Creates an inspiring team environment with an open communication culture
- Delegates tasks and set deadlines to achieve goals
- Discovers training needs and provide coaching
- Inspires confidence and motivates others to perform at their best
Qualifications
Education/Experience Requirement
- Undergraduate degree in business finance social science methodology or a related field or an equivalent combination of training and experience.
- 5 years of compliance testing quality assurance auditing experience at a large financial institution or experience in fintech and payments areas.
Preferred Qualifications
- CAMS and/or audit-related certifications.
- Strong working knowledge of auditing and AML/Sanctions testing.
- Ability to manage multiple priorities and tasks with the skills to adapt to changes in fast-paced environment.
- Ability to critically assess risks and identify level of review needed for testing.
- Ability to identify and communicate solutions for issues identified during the testing process.
- Process oriented with strong organizational skillsets.
- Excellent verbal written and interpersonal communication skills with the ability to work effectively with colleagues across regions and business units.
- Excellent investigative and analytical skills with the ability to uncover root causes identify patterns and analyze key risk trends.
- Self-motivated team player able to work effectively in a team fostered multi-tasking environment.
- Proficient in Microsoft Office suite e.g. Excel PowerPoint Word Outlook.
- Position is required to travel 25% percent.
Additional Information
This job will be open and accepting applications for a minimum of five days from the date it was posted.
Working at The Bancorp Bank N.A. and Benefits Information: Culture & Background Screening Employment with The Bancorp Bank N.A. includes successfully passing a background check including credit criminal education employment OFAC and social media background history. #LI-PJ1
#LI-Hybrid
Key Skills
- Presentation Skills
- Risk Management
- Financial Services
- IFRS
- Banking
- Pricing
- Analysis Skills
- Securities Law
- Investment Banking
- Relationship Management
- Strategic Planning
- Leadership Experience
About Company
For over 20 years, The Bancorp has been providing nonbank companies with the people, processes and banking technology that are essential in meeting their individual needs
