Senior Compliance Officer - AML/Sanctions Risk Assessment

Overview

This is a remote role that may be hired in several markets across the United States This position is responsible for execution and management of the AML and Sanctions Risk Assessment. This role will support advancing and accelerating the Risk Assessment Program, including enhancing the existing end to end process leveraging automation and other process improvement capabilities. The role includes facilitating the process to complete the annual AML/Sanctions Risk Assessment, providing guidance to business leaders and associate teams through knowledge of new and existing laws that impact enterprise activities, partnering with teams to identify and resolve complex issues, and assist management with special projects and initiatives that foster an understanding of and compliance with applicable regulations, rules, and standards. Additionally, the role will involve researching, analyzing, and designing/implementing a target state. The Senior Compliance Officer will collaborate closely with business stakeholders, other compliance/corporate functions and legal partners to provide subject matter expertise, regulatory analysis, and consultative guidance in support of the Bank’s risk management framework.

Responsibilities

The individual needs to have strong Process Improvement and Risk Management background in financial services or related industry and be able to perform the following:

• Risk Management - Understand Risk Management Frameworks including assessing inherent risk, control effectiveness, and residual risk. Support regulatory change management processes by highlighting material updates and assessing their impact. Serve as a SME of the process and procedures.
• Process Transformation - Perform end to end process reviews, identifies opportunities for improvements/gaps, and recommended solutions. Develop/Design Current State and/or Target State Processes. Work with technology teams to implement long term solutions
• Continuous Improvement – Constantly looks for ways to identify/implement improvements and efficiencies.
• Project Management - Assists special projects or related business initiatives as needed, which may include consulting on specific compliance matters.
• Process Improvement - Recommends process and operational improvements that enhance efficiencies and reduce risk. Develops and revises policies, procedures, services, products, and systems that ensure regulatory compliance.
• Data Analysis – Leverages data to drive Leads the analysis of external laws and regulations as well as internal processes and systems.
• Change Management - Fosters understanding and proper implementation and communication of necessary changes in impacted business areas.
• Problem Solving - Tracks, investigates, and resolves complex or escalated issues which may involve system testing or direct consumer complaints. Leverages root cause analysis to drive long term solutions.
• Reporting - Prepares reports for management on results of compliance reviews, legal changes, or new regulations.
• Relationship Management - Work with key partners, including Compliance, ERM, Legal, and 1LOD to assess applicability and compliance risk of the regulations to the enterprise and business units.

Qualifications

Bachelor's Degree and 8 years of experience in Compliance, Legal, Audit, Banking or other related experience OR High School Diploma or GED and 12 years of experience in Compliance, Legal, Audit, Banking or other related experience

Preferred Qualifications

• Excellent understanding of regulatory landscape at the federal and state level.
• Ability to research and interpret laws, regulations, and guidance documents from government sources and issuing agencies.
• Ability to write compliance memos, reports, applicability analysis documentation, and other documentation.
• Strong analytical, research, organizational, and project management skills. data skills, including proficiency in spreadsheets.
• Ability to work independently, manage competing priorities, and deliver under deadlines.
• Experience with GRC tools and regulatory inventory management.
• Excellent written and verbal communication skills; ability to write clear legal/regulatory memos, applicability analyses, and stakeholder communications.
• Critical thinking, process centric thinking and Process Improvement skills
• Law degree, compliance certifications (CRCM, ACAMS), or equivalent a plus.

This job posting is expected to remain active for 5 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants. The base pay for this position is generally between $109,239 and $175,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment. Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits. Apply tot his job Apply To this Job