Financial Crimes Testing Specialist (Hybrid)

Overview

Work Arrangement: 

***This is a hybrid role, working 3 days onsite in our offices.***

 

Performs monitoring reviews/testing of internal and external BSA/AML and Sanctions-related functional processes and their respective controls to identify the existence of any potential weaknesses or gaps and provide recommendations for potential enhancements to improve the effectiveness and sustainability of internal controls.

Responsibilities

Essential Functions

Reviews and evaluates BSA/AML and Sanctions processes and controls within the LOB, FCRM functional area, and third-party clients to determine effectiveness and sustainability. Ensures requirements set forth by relevant Policies, Programs, and Procedures are monitored and tested for the assigned transactions and processes.

Performs reviews and analyzes the results of test work, prepares work papers to support conclusions, develops recommendations, summarizes test results, drafts review reports, and resolves outstanding issues.

Reports, tracks, and validates the remediation of process/control issues detected in the testing process and enters into the Bank’s issue management system.

Maintains thorough documentation of work performed and conclusions reached. Updates and maintains files and records using databases and spreadsheets in accordance with departmental processes and procedures.

Analyzes potential risks through detailed reviews of multiple sources of information and escalates key risks to appropriate areas and/or business leaders.

Performs virtual walkthroughs of third-party partners related to their BSA/AML and Sanctions controls.

Develops close working relationships with others in the department to address and resolve issues.

Performs other duties as assigned.

Qualifications

Education/Experience Requirements

• Undergraduate degree in a related field or an equivalent combination of training and experience in the financial industry.
• 3 years of regulatory compliance activity experience, including risk management, compliance testing, audit, or similar control related experience.

 Preferred Requirements

• Strong working knowledge of AML (Anti-Money Laundering) regulations, including BSA (Bank Secrecy Act), OFAC (Office of Foreign Asset Control), and the USA PATRIOT Act.
• Excellent verbal, written, and interpersonal communication skills.
• Good investigative, analytical, and problem-resolution skills.
• Team player, able to work effectively in a team-fostered, multi-tasking environment.
• Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook.

Background & EEO Statement

This job will be open and accepting applications for a minimum of five days from the date it was posted.

 

Working at The Bancorp Bank, N.A. and Benefits Information: click here

Diversity & Background Screening

Diversity & Inclusion at The Bancorp Bank: click here

 

The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

 

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

#LI-Hybrid

#LI-PJ1