Compliance Officer, Anti-Money Laundering Risk Assessment

Location:

ABOUT THE JOB:

The Compliance Officer will be a member of the Anti-Money Laundering Enterprise Team within Financial Crimes Risk Management (FCRM). The Compliance Officer will support the AML Enterprise Risk Assessment team by performing key activities related to the execution of the Financial Crimes Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) Risk Assessments and related processes procedures and controls. Additionally the Compliance Officer will assist with control testing over FCRM owned controls. This role plays a critical part in evaluating inherent and residual risk across products services customers and geographies and in assessing the effectiveness of AML/BSA controls throughout the organization. The Compliance Officer will collaborate with MBUs/LOBs Financial Crimes partners and internal stakeholders to gather data perform analysis and ensure strong documentation in support of enterprise AML/OFAC compliance expectations. Responsibilities align with the broader AML/OFAC risk assessment function described in the higherlevel role.

ESSENTIAL JOB FUNCTIONS

• Support the Senior Compliance Officer with the execution of components of the AML/BSA and OFAC Risk Assessment including data collection validation and analysis.
• Support the development and maintenance of risk assessment documentation workpapers and reporting.
• Conduct control testing to evaluate the design and operating effectiveness of AML/BSA and OFAC controls.
• Document test results identify control gaps and support follow up and remediation tracking.
• Assist with mapping controls to relevant products services customer types and risk assessment components.
• Support ongoing enhancements to the risk assessment process including transitions to new formats or methodologies.
• Partner with MBUs/LOBs to clarify data requirements and support risk related inquiries.
• Participate in team initiatives working groups and other compliance projects as assigned.
• Maintain awareness of emerging AML/BSA and OFAC risks trends and regulatory expectations.

Education

• Bachelors Degree or equivalent experience (preferred)

Work Experience

• 5 years of experience in compliance risk management auditing or related fields (required)

• Demonstrated ability to work independently and collaboratively in a regulatory environment (required)

Licenses and Certifications

• CAMS CFCS or other relevant industry certification (or willingness to pursue).

REQUIRED QUALIFICATIONS

• Prior experience in financial institution (i. e. bank and securities industry) compliance Risk Management or audit related activity
• Working knowledge of the Bank Secrecy Act USA PATRIOT Act OFAC regulations and related risk considerations.
• Experience supporting risk assessments or conducting compliance/control testing.
• Strong analytical research and critical thinking abilities.
• Effective written and verbal communication skills including the ability to summarize findings clearly.
• Strong organizational skills with the ability to manage multiple priorities.
• Proficiency in MS Office (Word Excel PowerPoint Teams).

PREFERRED QUALIFICATIONS

• Prior experience performing or supporting risk assessments.

• Knowledge of Governance Risk & Compliance (GRC) and RCSA
• Audit background
• Strong strategic and consultative skills; experience in process improvement strategic planning change management business integration.
• Knowledge of FFIEC Examination Manual and/or SEC AML related guidance and regulations

COMPETENCIES/SKILLS

• Analytical mindset and strong attention to detail
• Sound judgment and consistent adherence to regulatory standards
• Clear professional communication (written and verbal)
• Collaboration and relationship building
• Ability to work independently and in team environments

EQUIPMENT USED

• PC Fax Copier various software applications

TRAINING REQUIRED

• On-the-job training
• Classes and/or Seminars as available and within budget guidelines as needed to maintain related professional certification. (i.e. recommended thirty continuing education hours per year)
• Continuing subject matter education through classes seminars and relevant certification programs

COMPENSATION AND BENEFITS

Please click here for a list of benefits for which this position is eligible.

Key has implemented an approach to employee workspaces which prioritizes in-office presence while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

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