Sr. Risk Associate - Anti-Money Laundering (AML)

Capital One•McLean, VA

About The Position

As a Senior Associate in Capital One’s Anti-Money Laundering (AML) Program you'll be challenged by working with business partners to conduct enterprise wide money laundering, sanctions, and fraud risk assessments. Assessments are conducted in accordance with a standardized framework and methodology, the purpose of which is to understand the level of inherent AML, sanctions, and fraud risk exposure associated with Capital One's business segments, assess controls, and ensure residual risk remains within tolerance. Compliance Associates at Capital One provide guidance to key stakeholders to ensure our risk is well managed and our company remains stable and profitable. They gain a high level of exposure across lines of business and have the opportunity to work with executives, compliance partners, regulators, auditors and other key constituents.

Requirements

High School Diploma, GED or equivalent certification
At least 2 years of experience in Compliance, Audit or Legal
At least 2 years of Anti-Money Laundering (AML) experience

Nice To Haves

Bachelor's Degree
3+ years of experience in a Risk Management or a Compliance role
Certified Regulatory Compliance Manager (CRCM), Association of Certified Anti-Money Laundering Specialist (ACAMS), Certified Information Privacy Professional (CIPP) or certification
3+ years of Technical Writing experience

Responsibilities

Assess the inherent money laundering, sanctions, and fraud risk and controls through the established risk and control framework with support and oversight from the team lead.
Analyze insights provided by data analysts to represent the AML inherent risk of Capital One businesses.
Assess the company's collective ability to monitor and control inherent AML and sanctions risk.
Develop and socialize risk assessment results with key stakeholders.
Conduct detailed reviews of high risk areas.
Suggest risk mitigation strategies to business areas and other control functions.
Support continuous improvement of the overall Money Laundering Risk Assessment (MLRA) framework through proposals of enhancements.
Stay abreast of all applicable laws, regulations and emerging risks for consideration in the risk assessment process.
Understand and analyze the enterprise customer base, products, services, transactions, geographies, business initiatives, processes, strategies and associated controls for assigned assessable units.
Effectively communicate assessment results in a narrative format.