AML Sanctions Advisor
About The Position
In an individual contributor role and advisor on AML and Sanctions Program subject matter specialties, communicates effective enterprise wide and business unit compliance program requirements and implications to comply with the Bank Secrecy Act, AML, USA PATRIOT ACT and Sanctions Program. Activities aim to prevent or identify illegal, unethical, or improper business practices. Provides AML and Sanctions advice and critical challenge to senior staff, lines of business and operational execution areas. Demonstrates ability to constructively challenge conclusions/status quo and credibly influences customers. Updates Compliance policies and procedures as needed. Ensures that Compliance Manuals, Front Office Manuals, policies and procedures accurately reflect current laws, rules, other regulatory requirements and management intent. Coordinates regulatory examinations and inquiries, including the coordination of interviews and information requests from regulatory agencies. Independently challenges analyses, reviews and recommendations. Identifies and helps to define the enterprise wide AML and Sanctions program objectives for assigned line(s) of business, products/services and operational execution areas that may execute program components to comply with the Bank Secrecy Act, AML, USA PATRIOT ACT and Sanctions Program. Serves as an AML and Sanctions subject matter specialist regarding impact on Program design and execution. Communicate and socialize those objectives (from a leadership position) to the business or operational execution points. May lead or coordinate AML and Sanctions Program monitoring reviews. Reviews AML and Sanctions compliance reports and related customer risk profiles. Identifies issues, escalates through proper governance channels as needed, and recommends corrective action plans. Reviews and analyzes assessments of AML and Sanctions risk and internal controls, as appropriate. Analyzes regulatory developments, advises business management of proposed rule changes and provide recommendations. Assists, as appropriate, in updating or implementing new/enhanced processes in order to ensure timely and effective compliance with new regulatory requirements. Support key business initiatives by identifying AML and Sanctions risks and providing resolutions to manage these risks. Provides advice and may participate as a subject matter specialists in developing and/or conducting AML and Sanctions training programs for specific employees. Serves as an AML and Sanctions Program subject matter resource regarding compliance impact on overall business activities, product development and customer activities. Works cooperatively with the business, legal partners, audit and other risk disciplines across the organization.
Requirements
- Microsoft Office Suite (Excel, Word, Outlook, CoPilot, PowerPoint, SharePoint)
- NFS Wealthscape
- Lexis Nexis
- World Check
- PNC Edge
- University / college degree, with 5+ years of industry-relevant experience.
- Specific certifications are often required.
- In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
- Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
- Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.
Nice To Haves
- Compliance Reporting
- Customer Risk
- Decision Making
- Regulatory Requirements
- Risk Assessments
- Risk Control
- Strategic Objectives
- Accuracy and Attention to Detail
- Anti-money Laundering/Sanctions Policies and Procedures
- Audit And Compliance Function
- Auditing
- Fraud Management
- Internal Controls
- Problem Solving
Responsibilities
- Conduct due diligence reviews for high-risk accounts
- Prepare and document risk assessments
- Perform product reviews and related analyses
- Coordinate reporting metrics and track key performance data
- Create and update desktop procedures and process documentation
- Review daily alerts and case review items escalated items for review
- Analyze data and document decisions
- Coordinate and provide guidance to business partners
- Review and resolve escalated items
- Support audits
- Prepare, maintain and update annual training materials
- Manage reports and disposition items requiring enhanced reviews
- Updates Compliance policies and procedures as needed.
- Ensures that Compliance Manuals, Front Office Manuals, policies and procedures accurately reflect current laws, rules, other regulatory requirements and management intent.
- Coordinates regulatory examinations and inquiries, including the coordination of interviews and information requests from regulatory agencies.
- Independently challenges analyses, reviews and recommendations.
- Identifies and helps to define the enterprise wide AML and Sanctions program objectives for assigned line(s) of business, products/services and operational execution areas that may execute program components to comply with the Bank Secrecy Act, AML, USA PATRIOT ACT and Sanctions Program.
- Serves as an AML and Sanctions subject matter specialist regarding impact on Program design and execution.
- Communicate and socialize those objectives (from a leadership position) to the business or operational execution points.
- May lead or coordinate AML and Sanctions Program monitoring reviews.
- Reviews AML and Sanctions compliance reports and related customer risk profiles.
- Identifies issues, escalates through proper governance channels as needed, and recommends corrective action plans.
- Reviews and analyzes assessments of AML and Sanctions risk and internal controls, as appropriate.
- Analyzes regulatory developments, advises business management of proposed rule changes and provide recommendations.
- Assists, as appropriate, in updating or implementing new/enhanced processes in order to ensure timely and effective compliance with new regulatory requirements.
- Support key business initiatives by identifying AML and Sanctions risks and providing resolutions to manage these risks.
- Provides advice and may participate as a subject matter specialists in developing and/or conducting AML and Sanctions training programs for specific employees.
- Serves as an AML and Sanctions Program subject matter resource regarding compliance impact on overall business activities, product development and customer activities.
- Works cooperatively with the business, legal partners, audit and other risk disciplines across the organization.
Benefits
- medical/prescription drug coverage (with a Health Savings Account feature)
- dental and vision options
- employee and spouse/child life insurance
- short and long-term disability protection
- 401(k) with PNC match
- pension and stock purchase plans
- dependent care reimbursement account
- back-up child/elder care
- adoption, surrogacy, and doula reimbursement
- educational assistance, including select programs fully paid
- a robust wellness program with financial incentives
- maternity and/or parental leave
- up to 11 paid holidays each year
- 9 occasional absence days each year, unless otherwise required by law
- between 15 to 25 vacation days each year, depending on career level; and years of service.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
