Business Control Monitoring Associate

Patriot Bank•Stamford, CT

55d

About The Position

Business Control Monitoring Associate- BSA/AML is responsible for supporting the business unit in identifying, assessing, and mitigating risks related to BSA/AML compliance. This role operates within the First Line of Defense and works closely with business stakeholders to ensure appropriate controls are in place to prevent, detect, and report money laundering and other financial crimes in alignment with regulatory expectations and internal policy.

Requirements

Bachelor's degree in Finance, Risk Management, Business, or a related field
5+ years of experience in financial services, preferably in a risk or compliance role with exposure to BSA/AML
Familiarity with key AML concepts (CIP, CDD, EDD, OFAC, transaction monitoring, SARs)
Strong understanding of risk and control frameworks in the first line
Excellent communication, analytical, and organizational skills

Nice To Haves

CAMS certification a plus

Responsibilities

Serve as a risk and control partner to the business for BSA/AML-related processes
Identify and assess AML risks inherent in products, services, customers, and geographies
Support execution of risk and control self-assessments (RCSAs), control testing, and issue remediation
Monitor key risk indicators (KRIs) and assist in implementing controls to mitigate risk exposures
Partner with Compliance and the Second Line of Defense to ensure adherence to the framework and regulatory guidance
Support operational teams in ensuring controls (e.g., CIP, CDD, EDD, transaction monitoring) are effective and embedded in day-to-day activities
Participate in risk governance forums and provide reporting on risk and control metrics
Assist in internal and external audit or regulatory exams