Testing Specialist

Job Location US-DE-Wilmington | US-SD-Sioux Falls
Full Time


Perform monitoring reviews/testing of internal and external BSA/AML-related functional processes and their respective controls, in order 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.


Essential Functions

  1. 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.
  2. Performs reviews; analyzes the results of test work; prepares work papers to support conclusions; develops recommendations; summarizes test results; drafts review reports, and resolves outstanding issues.
  3. Reports, tracks, and validates the remediation of process/control issues detected in the testing process and entered into the Bank’s issue management system.
  4. 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.
  5. Analyzes potential risks through detailed reviews of multiple sources of information and escalates key risks to appropriate areas and/or business leaders.
  6. Performs site visits on Third Party Partners related to their BSA/AML and Sanctions controls.
  7. Develops close working relationships with others in the department to address and resolve issues.
  8. Performs other duties as assigned.


referred 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.
  • Position is required to travel up to 10%.

Background & EEO Statement

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


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


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.


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