AML & Sanctions Compliance Testing Manager

Raymond James

3d•$100,000 - $105,000•Remote

About The Position

Under intermittent supervision, uses extensive knowledge and skills obtained through education and experience in securities and/or banking to conduct independent compliance testing of the firm’s Anti-Money Laundering (AML) program. Ensures AML & Sanctions controls are effective and aligned with regulatory requirements, including the Bank Secrecy Act (BSA), USA PATRIOT Act, and OFAC regulations. Leads large or multiple AML testing projects with significant scope and impact. Works independently on complex assignments requiring originality and ingenuity, providing assurance to senior management that AML risks are appropriately mitigated. Maintains extensive contact with internal stakeholders to identify, research, analyze, and resolve highly complex issues related to AML & Sanctions compliance testing.

Requirements

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

Nice To Haves

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

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.