Manager Financial Crimes Testing

City National Bank • Newark, DE

89d • $90,000 - $160,000

About The Position

The BSA/OFAC Testing Manager manages a team of BSA Risk Analysts to execute the BSA/OFAC Testing/Monitoring Program, primarily to conduct testing on BSA/OFAC functions and controls, analyze results of testing performed, validate BSA/OFAC compliance monitoring conducted by 1LOD, and effectively communicate testing/monitoring results to the BSA Risk Manager and senior management in meetings, presentations, and/or written reports and memorandums. Additionally, the position is responsible for maintaining and further developing the BSA/OFAC Testing/Monitoring Program taking into consideration industry development, emerging risks, and regulatory changes and expectations.

Requirements

• Bachelor's Degree or equivalent
• Minimum 5 years of audit, testing or related experience with a BSA/OFAC focus in banking operations, compliance, and/or risk management activities.
• Minimum 3 years of experience conducting audits/testing with a BSA/OFAC focus within financial institutions and supervising staff.
• ACAMS Current Certified Anti-Money Laundering Specialist (CAMS) Certification

Nice To Haves

• BS degree with designation in business or finance or equivalent experience is preferred.
• Strong working knowledge of USA PATRIOT Act, BSA/AML and OFAC regulatory requirements and guidance.
• Strong understanding of risk management practices, internal control concepts and application of such.
• Testing experience required.
• Proficient with Microsoft Office Suite (e.g. Word, Excel, PowerPoint, Outlook).
• Strong verbal and written communication skills to effectively present to peers and business management, and convey ideas and obtain management buy-in for constructive change.
• Effectively manage ambiguity, work independently, think innovatively and demonstrate critical problem-solving skills.
• Ability to collect, organize and analyze data from activities performed by the team, and create management reports.
• Detail-oriented; ability to identify trends/discrepancies in data/information that results in the production of accurate work product.
• Ability to supervise and coach staff.
• Experience in planning and juggling multiple projects and with varying team members.
• Ability to multi-task and work in a dynamically changing environment.

Responsibilities

• Plans, executes and evaluates test plans with a risk-based approach.
• Assesses controls, executes testing procedures, supervises and reviews the work of others, analyzes and synthesizes results of testing performed, effectively communicates results to senior management to affect change, and delivers well written testing reports and other forms of communication.
• Manages staff, and collaborates with other groups to effectively plan, integrate and execute testing.
• Gathers and evaluates information received from business units and other external/regulatory sources.
• Supports the BSA Risk Manager proactively in ongoing discussions with business management to improve the control environment.
• Acts as the key contact and responds to inquiries from business throughout the testing process.
• Conducts review and challenge of BSA/OFAC compliance monitoring conducted by 1LOD.
• Advises stakeholders on internal control and governance matters and conducts proactive and ongoing risk management discussions with business leaders, as supported by testing results.
• Prepares and conducts formal/informal training for less experienced staff members.
• May participate in interviews and evaluations of new applicants.

Benefits

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees