VP, Anti-Financial Crime (AFC) Testing

Full Time

International Bank

Office Status: Hybrid

Your Key Responsibilities:

  • Conduct AFC Testing under the direction of the Americas Head of Compliance and AFC Testing & QA, Americas Deputy Head of AFC Testing and QA and Regional AFC Testing Lead to assess and review compliance with legal, regulatory, and internal firm policy requirements applicable to Bank products and services in the Americas
  • Lead tests, reviews and adherence checks across all Bank business activities and controls to evaluate adherence to regulatory requirements and whether or not a risk management framework is in place and is effectively managing AFC risks
  • Create design effectiveness and operating effectiveness test steps to assess whether or not AFC risk management frameworks are effectively managing risk and are in compliance with laws and regulations
  • Develop testing modules and conduct testing across all Bank Americas business activities to evaluate adherence to regulatory requirements and compliance risks
  • Ensure the review work plan addresses: 1) compliance risks and regulatory priorities and 2) the reviews are designed to meet applicable regulatory guidance
  • Advise team members with respect to applicable regulatory requirements to ensure testing is adequately designed to identify potential control gaps and non-compliance with laws and regulations

Your Skills and Experience:

  • Minimum of a bachelor’s degree or equivalent work experience. Post-graduate advanced degree (e.g., JD, MBA, etc.) a plus but not required
  • Extensive experience working in an AFC risk management function pertaining to one or more of the following AFC Risk types; AML, Sanctions & Embargoes, Anti-Fraud, Anti-Bribery & Corruption
  • Relevant experience in an Audit, Testing, and Quality Assurance or Quality Control role focused on assessing AFC risk management effectiveness
  • Strong understanding and application of relevant AFC regulation and legislation (including but not limited to; the Bank Secrecy Act (BSA), USA PATRIOT Act, FinCEN CDD Rule, German AML Act, the German Banking Act, EU AML Directives, and other supporting regulations)
  • Strong understanding of multiple AFC risk management frameworks associated with products and services offered by large multinational financial institutions, including (but not limited to), Wealth Management, Corporate Bank and Investment Bank businesses
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