Financial Crimes Compliance Senior Risk Analyst

Job Title:

Financial Crimes Compliance Senior Risk Analyst

Location:

CityScape

What you'll do:

The Financial Crimes Compliance (‘FCC’) Senior Risk Officer will play a key role in supporting the FCC Senior Risk Manager in developing and administering the FCC’s risk administration function. This position focuses on maintaining the FCC Risk and Control Inventory (RCI), conducting credible challenge reviews of RCSA from the second line of defense, maintaining the FCC’s risk taxonomy and performing vendor risk assessments for AML/OFAC/ABAC/Fraud compliance. Vendor Risk Assessment reviews will be conducted at initial onboarding and will require periodic reviews of onboarded vendors based on risk score. The role also involves monitoring remediation activities related to issues management and ensuring adherence to enterprise-wide standards, policies, and regulatory requirements. Additionally, the FCC Senior Risk Officer will collaborate with FCC projects, working closely with the FCC Analytics & Data Team to drive initiatives forward.

What we are looking for:

Key Responsibilities:

Risk & Control Inventory Maintenance

• Assist in ongoing maintenance and enhancement of the FCC Risk & Control Inventory, ensuring all risks and controls are accurately documented, up-to-date, and aligned with regulatory internal policy changes.

Credible Challenge Reviews (RCSA)

• Support credible challenge reviews for the Risk and Control Self-Assessment (RCSA) in partnership with the second line of defense.  Ensure that the risks identified in these reviews are appropriately documented, challenged, and remediated in accordance with compliance requirements.

Vendor Risk Assessments

• Conduct vendor risk assessments for new and onboarded vendors, focusing on BSA/AML, OFAC, ABAC, and Fraud risk.
• Collaborate with the Third-Party Risk Management team to ensure vendors meet all compliance requirements related to financial crimes.
• Complete third-party risk assessments for FCC & Fraud, including reviewing all documents provided by the third parties to demonstrate their controls and processes.

Risk Taxonomy Maintenance

• Assist in ongoing maintaining FCC’s risk taxonomy, ensuring the classification of risks and controls is consistent with the organization’s standards and is responsive to emerging risks and regulatory changes.

Issues Management & Remediation Monitoring

• Monitor remediation efforts for issues management within FCC, ensuring compliance with enterprise issue management standards and timely resolution of identified issues.  Provide updates on the status of remediation efforts to relevant stakeholders.
• Provide support and guidance to FCC stakeholders throughout the lifecycle of their issue.

FCC Projects & Data Analytics Support

• Collaborate with the FCC Analytics & Data Team on FCC-related projects, supporting new initiatives, enhancements, and ongoing improvements to the FCC risk management framework. 
• Assist in the collection, analysis, and interpretation of business requirements and data to inform risk management strategies.
• Provide support for the FCC Annual Risk Assessment process in collaboration with the AML Program Team and FCC Analytics & Data Team.

Stakeholder Collaboration & Reporting

• Partner with the first and second line of defense departments to ensure effective communication and collaboration on risk-related matters.  Provide regular reports on FCC Compliance, vendor risk, and issues management progress to leadership.
• Ensure that all activities comply with federal regulations related to BSA/AML/OFAC/ABAC/Fraud.  Stay current on regulatory changes and best practices to ensure the FCC’s Risk Program remains robust and effective.
   

What you need to have:

• 5+ years of financial crimes compliance, general compliance, third-party (vendor) risk compliance, risk management, and/or audit experience
• Bachelor’s degree in a relevant field OR high school diploma and 3+ additional years of relevant experience.
• Understanding of compliance risk management practices and methodologies, including risk assessment and control assessments.
• Practical working knowledge of financial services compliance and operations, including the related rules and regulations of the financial services industry.
• Strong curiosity and the ability to dig into many document types (contracts, policies, procedures, trainings, SOWs, etc.) t