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Senior AML/BSA Risk Assessment Consultant

  • Location: New York, NY
  • Job Type: Contract
  • Ref No: 20-03895
  • Date: September 23, 2020
  • Job title:

Job Description - Senior AML/BSA Risk Assessment Consultant

Senior AML/BSA Risk Assessment Consultant 

Job Description:

-          Lead and/or perform compliance testing, identify issues and make recommendations and report results

-          Identify potential compliance risks and recommend resolutions and/or escalate to appropriate individuals to determine if further investigation is necessary

-          Develop test scripts corresponding to scope of the testing engagement and business expectations

-          Assess the design and effectiveness of controls implemented to mitigate the applicable BSA/AML/Sanctions and other compliance risks

-          Collaborate with business lines to develop remediation plans to resolve control weaknesses identified through testing

-          Track and validate the implementation of remedial actions submitted by the remedial actions owners to verify that issues were remediated; follow up as necessary

-          Prepare review reports for Management that highlights the scope, testing approach, and the results of the review

-          Monitor regulatory activities and industry developments to identify trends and emerging issues that may impact the bank and may require changes to the compliance testing program


Job Requirement:


-          Bachelor's degree is required; JD, MBA or Master's degree is preferred

-          Minimum 5 years' relevant experience in compliance testing or internal audit within financial services industry and with focus on BSA/AML and OFAC is required

-          ACAMS is preferred but not required

-          Knowledge of U.S. banking regulations and compliance practices with focus on BSA/AML, OFAC and compliance risk management is required


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