AML/Compliance Testing

New York, NY

Posted: 02/26/2019 Industry: FIN Consulting Job Number: 11913730
Anti-Financial Crime Controls Testing Role
" Executes Anti-Financial Crime ( " AFC ) Compliance testing reviews according to an annual testing plan that meets applicable regulatory requirements, expectations, and guidance
" Conducts fieldwork testing and assesses whether any exceptions have been identified and the risk level of such exceptions
" Ensures that reviews are completed in a timely manner and that a robust review has been conducted
" Participates in periodic team meetings to report on the status of the testing reviews and pending questions, and to assist with tracking completion of reviews and implementation of remedial actions
" Discusses potential findings with relevant stakeholders including the business or function being tested as well as with AFC Officers
" Proposes solutions and assists process owners to develop remedial actions that adequately address the identified issues and risks
" Ensures testing result findings are properly escalated and that related remedial actions are monitored and adequately implemented in a timely fashion
" Assists the Americas Head of Controls in preparing periodic reports, management information, and other documents for senior management and external regulators (if required)
" Produces high quality records and supporting work paper documentation and ensures that all work papers are in order, ready, and accessible for future review
" Assists with conducting off-cycle " deep dive " reviews, which may include performing a more detailed analysis of controls for targeted business or operational areas
Skills and Experience
" Experience in compliance controls testing, audit, or risk management experience is required
" Strong knowledge of AML / Sanctions / Fraud / Anti-Bribery & Corruption concepts, functional responsibilities, risk assessment processes and risk principles required
" Strong knowledge of Transaction Monitoring and Know Your Client (KYC) risk concepts and control function responsibilities and processes preferable
" Solid experience in the financial services industry and knowledge of corporate and investment banking, wealth management, and/or asset management banking products/services preffered
" Experience in producing management information/business management reports, including report writing experience in the context of audits or compliance monitoring or testing reviews preffered

Seth Friedland

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