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Essential Duties and Responsibilities

+ Designs and executes AML & Sanctions compliance testing plans, including sampling methodologies and risk-based test scripts to assess adherence to regulatory requirements and internal policies.

+ Evaluates the effectiveness of AML & Sanctions controls, transaction monitoring processes, and suspicious activity reporting procedures through independent testing.

+ Prepares detailed reports of AML & Sanctions testing results, including findings, root cause analysis, and recommendations for remediation.

+ Monitors corrective actions taken to address identified issues and ensures timely resolution.

+ Collaborates with AML & Sanctions compliance leadership to ensure testing aligns with regulatory expectations and industry best practices.

+ Researches AML & Sanctions regulatory requirements, emerging risks, and industry best practices to inform testing scope and procedures.

+ Reports AML & Sanctions testing results, trends, and remediation progress to compliance and business management.

+ Supports external AML audits and regulatory reviews by providing testing documentation and results.

+ Coaches, trains, and mentors less experienced compliance testers on testing methodologies and regulatory expectations.

+ Prepares and delivers testing reports and presentations to senior management, highlighting findings and recommendations.

+ Performs other duties and responsibilities as assigned.

Knowledge, Skills, and Abilities

Knowledge of:

+ AML regulatory framework (BSA, USA PATRIOT Act, OFAC, FinCEN guidance) and global standards (FATF recommendations).

+ AML program components, including Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), transaction monitoring, and suspicious activity reporting.

+ Risk-based testing methodologies and internal control frameworks.

+ Concepts, practices, and procedures of securities industry and/or banking compliance reviews.

Skill in:

+ Designing and executing compliance testing plans.

+ Analyzing processes and identifying control gaps.

+ Drafting clear, actionable testing reports and communicating findings to stakeholders.

+ Coordinating complex compliance testing activities and managing multiple engagements.

Ability to:

+ Apply AML & Sanctions regulatory requirements to testing scenarios.

+ Work independently to manage multiple testing engagements.

+ Influence remediation efforts through strong analytical and communication skills.

+ Partner with other functional areas to accomplish objectives.

+ Maintain confidentiality and stay current on AML & Sanctions regulatory changes and best practices.

Educational/Previous Experience Requirements

Bachelor’s degree (B.A./B.S.) and a minimum of six (6) years of experience in Compliance and/or the financial services industry preferred.

~or~

Any equivalent combination of experience, education, and/or training approved by Human Resources.

Licenses/Certifications

+ Certified Anti-Money Laundering Specialist (CAMS) certification required, or ability to obtain CAMS certification within six months of hire.

+ Additional licenses/certifications demonstrating the candidate’s knowledge/expertise in industry regulation and concepts preferred.