AML Sanctions Advisor

PNC•East Brunswick, NJ

1d•$91,000 - $202,800•Onsite

About The Position

The AML Sanctions Advisor is an individual-contributor subject matter advisor within PNC’s Independent Risk Management organization, supporting PNC Wealth Management Broker/Dealer. The role communicates enterprise-wide and business-unit compliance requirements and implications related to the Bank Secrecy Act, anti-money laundering, the USA PATRIOT Act, and the Sanctions Program. It provides advice and critical challenge to senior staff, lines of business, and operational teams to help prevent or identify illegal, unethical, or improper business practices. The advisor helps define AML and Sanctions program objectives for assigned businesses, products, services, and operational areas, and supports program design and execution. The role reviews compliance reports, customer risk profiles, risk assessments, and internal controls; identifies and escalates issues; recommends corrective actions; analyzes regulatory developments; and advises business management on proposed rule changes. It also supports business initiatives, regulatory examinations, audits, training, and updates to policies, procedures, and processes. The position is based in one of PNC’s main offices within its footprint, with additional locations in the footprint potentially considered. PNC describes this as an in-office role. The position is incentive eligible, with compensation based on company, business, and/or individual performance.

Requirements

Bachelor’s degree; a comparable combination of education, job-specific certifications, and experience, including military service, may be considered in lieu of a degree.
Typically requires 5 or more years of industry-relevant experience.
Knowledge and skills appropriate to the role, including AML and Sanctions policies and procedures, compliance, auditing, fraud management, and internal controls.
Ability to assess customer and business risk, make decisions, solve problems, and attend accurately to detail.
Ability to constructively challenge conclusions or the status quo and credibly influence customers.
Ability to communicate compliance requirements and work cooperatively with business and control partners.
No required certifications.
No required licenses.

Nice To Haves

Experience or skills in compliance reporting, customer risk, decision making, regulatory requirements, risk assessments, risk control, and strategic objectives.

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 escalated case-review items.
Analyze data and document decisions.
Coordinate with and provide guidance to business partners.
Review and resolve escalated items.
Support audits and coordinate regulatory examinations and inquiries, including interviews and information requests.
Prepare, maintain, and update annual training materials; advise on and participate in AML and Sanctions training as appropriate.
Manage reports and disposition items requiring enhanced reviews.
Communicate AML and Sanctions compliance requirements and implications to business units and operational teams.
Provide AML and Sanctions advice and critical challenge to senior staff, lines of business, and operational execution areas; independently challenge analyses, reviews, and recommendations.
Update Compliance policies, procedures, Compliance Manuals, and Front Office Manuals to reflect laws, regulatory requirements, and management intent.
Help define program objectives for assigned lines of business, products, services, and operational execution areas; communicate and socialize those objectives.
Serve as an AML and Sanctions subject matter specialist on program design, execution, business activities, product development, and customer activities.
Lead or coordinate AML and Sanctions Program monitoring reviews as needed.
Review AML and Sanctions compliance reports and customer risk profiles; identify issues, escalate through governance channels, and recommend corrective action plans.
Review and analyze AML and Sanctions risk assessments and internal controls, as appropriate.
Analyze regulatory developments, advise business management of proposed rule changes, and recommend responses.
Assist with updating or implementing processes to meet new regulatory requirements in a timely and effective manner.
Identify AML and Sanctions risks in key business initiatives and provide resolutions to manage them.
Work cooperatively with business, legal, audit, and other risk disciplines across the organization.

Benefits

Medical and prescription drug coverage, with a Health Savings Account feature, for eligible full-time employees.
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 and elder care.
Adoption, surrogacy, and doula reimbursement.
Educational assistance, including select fully paid programs.
Wellness program with financial incentives.
Maternity and/or parental leave, depending on eligibility.
Up to 11 paid holidays each year, depending on eligibility.
9 occasional absence days each year, unless otherwise required by law, depending on eligibility.
Between 15 and 25 vacation days each year, depending on career level and eligibility.