AVP BSA AML Sanctions Testing Lead

Work Arrangement: 

***After the initial training period, this is a hybrid role, working onsite in our Wilmington, DE office.***

Oversees a team of Anti-Money Laundering (AML) Sanctions Testing Analysts to effectively design risk-based tests of Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Sanctions processes and controls within the line of business, Financial Crimes Risk Management functional area, and third parties.

Essential Functions

1. Designs and runs tests on processes and controls to identify gaps and opportunities to minimize risk associated with BSA/AML and Sanctions.
2. Performs initial review of the AML Sanctions Testing Analyst workpapers and initial draft reports.
3. Tests and monitors findings to stakeholders, including senior leadership of both LOB and FCRM.
4. Maintains awareness of industry updates to frequency and types of financial crimes, regulatory requirements, and related issues and enhances testing activities to address these issues.
5. Communicates to business and compliance staff throughout the company on the objective and protocols within the FCRM testing and monitoring function.
6. Works with VP BSA AML Sanctions Testing Manager to develop, update, and maintain MIS monitoring and tracking reports which extract data from day-to-day processes to increase efficiencies and identify patterns and trends in testing results.
7. Leads team of AML Sanctions Testing Analyst to ongoing excellence. Evaluates and streamlines existing processes and systems for testing and monitoring. Works with VP BSA/AML Sanctions Testing Manager and IT to develop reports system requirements and system controls to identify risks.
8. Performs site visits on Third Party Partners regarding their BSA/AML and Sanctions controls.
9. Performs other duties as assigned.

Leadership Responsibilities

• Assists people manager in overseeing team in day-to-day operations
• Creates an inspiring team environment with an open communication culture
• Delegates tasks and set deadlines to achieve goals
• Discovers training needs and provide coaching
• Inspires confidence and motivates others to perform at their best

Education/Experience Requirement

• Undergraduate degree in business, finance, social science methodology or a related field or an equivalent combination of training and experience.
• 5 years of compliance testing, quality assurance, auditing experience at a large financial institution or experience in fintech and payments areas.

Preferred Qualifications

• CAMS and/or audit-related certifications.
• Strong working knowledge of auditing and AML/Sanctions testing.
• Ability to manage multiple priorities and tasks with the skills to adapt to changes in fast-paced environment.
• Ability to critically assess risks and identify level of review needed for testing.
• Ability to identify and communicate solutions for issues identified during the testing process.
• Process oriented with strong organizational skillsets.
• Excellent verbal, written, and interpersonal communication skills with the ability to work effectively with colleagues across regions and business units.
• Excellent investigative and analytical skills with the ability to uncover root causes, identify patterns, and analyze key risk trends.
• Self-motivated 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 25% percent.   

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: https://thebancorp.com/company/join-our-team/

Company Culture at The Bancorp Bank: https://www.thebancorp.com/company/company-culture/

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.

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