Compliance Associate -BSA/AML and Fraud Testing

Keybank National Association•Albany, NY

34d•$56,000 - $85,000

About The Position

As part of Key's second line of defense Compliance Risk Management function, the Risk Evaluation and Assurance Program (the "REA Program") has the responsibility for evaluating Key's ongoing compliance with applicable laws and regulations through the execution of compliance monitoring and testing across Key's lines of business, products, and functional activities. Individuals in this role assist in the design and execution of BSA/AML (KYC, CIP, CDD, EDD) OFAC and Fraud testing and continuous monitoring to evaluate Key's compliance with regulatory requirements. Individuals work both autonomously on assignments and in collaboration with other members of REA team on projects and testing. The ideal candidate has a functional knowledge of BSA/AML, OFAC and Fraud compliance laws and regulations, risks and supporting operational processes, experience in testing/auditing, and a passion for continuous learning and challenging the status quo.

Requirements

Education/Background: Bachelor's degree,
Two (2) or more years of BSA/AML, OFAC and Fraud compliance, risk management, and/or audit experience with a strong focus on risks and controls.
Practical working knowledge of BSA/AML (KYC, CIP, CDD, EDD), OFAC, Fraud and financial services compliance and operations including the related rules and regulations of the financial services industry to include: FinCEN, OCC, FRB, CFPB, State Law, and other pertinent regulations.
Demonstrated skill in effectively communicating (verbal and written) results to a diverse audience; ability to work with all levels of management with a focus on collaboration and relationship management.
Strong interpersonal skills; ability to work well in a team environment.
High ethical standards, strong critical thinking, detective, analytical, and problem-solving skills.
Autonomous, self-motivated, and flexible with the ability to adapt quickly to change or shifting priorities in a fast-paced environment.

Nice To Haves

Currently maintains relevant professional and/or industry sponsored certifications in risk management and/or compliance, with specific relevance to BSA/AML or Fraud (e.g. - Certified Anti-Money Laundering Specialist (CAMS), Certified AML and Fraud Professional (CAFP), Certified Fraud Examiner (CFE), etc.).
Prior financial services compliance testing experience leveraging risk-based auditing techniques.
Experience with data analysis tools and techniques including advanced concepts of Microsoft Word, Excel, and PowerPoint and/or other analytical software (e.g. - SAS, Tableau, ACL, etc.).
Comprehensive Working knowledge of the operational, technical and functional structure of financial services organizations, banking systems, and compliance programs.
Experience working on projects or initiatives requiring strategic planning/thinking across multiple functional areas and business processes..

Responsibilities

Serve on a team of risk evaluation and assurance professionals, working to provide an independent Second Line of Defense approach to risk-based monitoring and evaluation by focusing on current, high impact BSA/AML, OFAC, Fraud-related compliance risks, developing assessments, and providing input over control effectiveness through formal reporting, as well as monitoring remediation activities.
Work independently and with a team on risk-based monitoring and evaluation activities, including risk assessment, monitoring and testing, analysis of findings, and reporting to ensure effective, sustainable risk management processes exist.
Demonstrate a working knowledge of BSA/AML (KYC, CIP, CDD, EDD), OFAC, Fraud compliance regulations and laws including banking/consumer compliance regulations and laws, industry trends, emerging issues, and related banking products (e.g. - lending, deposits, etc.) and ability to understand its applicability to risk management strategies including the scoping of risk evaluations, monitoring, and design of testing plans.
Utilize data analysis tools and techniques to analyze, quantify, and/or assess risks and to evaluate controls to identify potential weaknesses and/or control gaps.
Clearly document the results or conclusions for testing performed in concise management reports and provide heightened awareness around significant risks and proactive identification, escalation, and remediation of control weaknesses or gaps.
Review policies and procedures and associated compliance and compliance risk programs to ensure consistency with current applicable banking and securities rules, regulations, and laws.
Develop and maintain strong, collaborative relationships with management, other internal clients and peers, and Audit.

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