Director, Retail Bank - Anti-Money Laundering (AML) Advisory

Director, Retail Bank - Anti-Money Laundering (AML) Advisory

Capital One is a leading banking and technology company seeking to reimagine banking. One of our key risk management priorities is to continue to transform our Anti-Money Laundering (AML) and Sanctions program to enable rigorous, nimble, and sustainable AML and Sanctions risk management, delivered through partnership between the first second and third lines of defense, tailored to Capital One’s products, services, risks, and capabilities.

The Director, AML Advisor for Capital One’s Retail Bank performs a key risk management role to help ensure corporate initiatives and lines of business products, services, and processes comply with applicable laws and regulations. This position will report to the Senior Director, Retail Bank & Financial Services Advisory Lead.  

We are seeking a candidate with AML subject matter expertise, excellent leadership, decision-making, and communication skills, a team-first mentality, proven operational effectiveness, and vision to help lead Capital One’s AML program and department. The successful candidate will serve as the primary point of contact for Retail Bank stakeholders, with the goal of providing holistic end-to-end risk management, producing optimal risk management outcomes, and elevating our AML program to a position of preeminence in the field. To accomplish these objectives it will be critical that this person possess significant experience in retail banking products and services, and driving outcomes with business, technology, and operational partners.  

The successful candidate will be a strong leader who will represent the AML program with business and risk management leaders.  Excellent written and verbal communication, influencing skills, and the ability to adapt and be effective in the progressive, dynamic Capital One culture are essential to success in this role.

Responsibilities

• Provide risk management consultation to Retail Bank stakeholders  on conducting risk assessments, identifying and mitigating risk, developing mitigation plans, business initiatives, and other risk management and control activities 

• Provide line of business stakeholders with effective, credible and grounded challenge regarding money laundering and AML regulatory risk and control management, ensuring management is making informed and appropriate risk decisions, and allocating appropriate attention and resources to risk management 

• Influence senior management to drive realization and mitigation of new and emerging risks

• Escalate emerging and identified risks to AML senior management and provide leadership in strategic line of business initiatives.

• Provide leadership across broader AML department for program enhancement and associate development

Competencies

The ideal candidate will be a seasoned financial services professional with strategic leadership skills, a forward lean, and a proven ability to operate effectively in a complex, highly-regulated environment.  Candidates should have a passion for providing financial products and services that improve our customers’ lives while also complying with all applicable regulatory requirements and expectations.

Business Judgment

• Strong business judgment, analytical acumen, and the ability to evaluate complex, multi-dimensional situations and risk characteristics and to formulate appropriate compliance recommendations and advice

• Proven capability to influence and build consensus among peers and senior leadership leveraging sound logic and analysis

Communication

• Highly developed interpersonal, presentation, and communications skills 

• Ability to communicate effectively at all levels of the organization, as well as with external parties 

Basic Qualifications:

• Bachelor’s degree or military experience 

• At least 7 years in legal, compliance, regulatory or risk management experience in consumer financial services  

• At least 5 years of experience with financial services industry

• At least 5 years of people management experience

Preferred Qualifications:

• At least 5 years of experience structuring information for senior audiences

• Experience as a financial regulator preferred but not required

• Operational familiarity with retail banking and lending products