Working closely with the Internal Audit team, the consultant will evaluate the effectiveness of financial crime controls, conduct testing, review supporting documentation, and help identify potential compliance gaps. The ideal candidate will have a strong background in AML compliance testing or internal audit, experience within a banking environment, and the ability to independently perform detailed audit testing under the direction of an audit lead.

BSA/AML & Sanctions Internal Audit Consultant – Contract

Location: Manhattan, NY
Hourly Rate: $55/hr - $65/hr B.O.E.
Employment Type: Contract Assignment
Staffing Partner: Nesco Resource
Industry: Banking / Financial Services

About the Opportunity

Nesco Resource is seeking an experienced BSA/AML & Sanctions Internal Audit Consultant for a contract opportunity with a leading Corporate & Investment Bank in Manhattan.

This position will support an internal audit of the bank's Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Sanctions Compliance programs. Working closely with the Internal Audit team, the consultant will evaluate the effectiveness of financial crime controls, conduct testing, review supporting documentation, and help identify potential compliance gaps.

The ideal candidate will have a strong background in AML compliance testing or internal audit, experience within a banking environment, and the ability to independently perform detailed audit testing under the direction of an audit lead.

Key Responsibilities

• Support internal audits of BSA/AML and sanctions compliance programs within a Corporate & Investment Banking environment.

• Participate in audit planning, process walkthroughs, risk assessments, and control evaluations.

• Perform sample-based testing to determine whether established compliance controls are operating effectively.

• Review customer identification, Know Your Customer (KYC), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) procedures.

• Evaluate controls surrounding beneficial ownership, customer risk ratings, and periodic customer reviews.

• Test sanctions screening processes involving customers, counterparties, payments, and international transactions.

• Review transaction monitoring, suspicious activity escalation, and alert investigation procedures.

• Assess relevant controls involving correspondent banking, cross-border payments, trade finance, lending, and capital markets activities.

• Examine compliance policies, procedures, regulatory findings, and management reporting.

• Collect and evaluate supporting documentation and prepare accurate, well-organized audit workpapers.

• Identify control weaknesses, document testing results, and assist in preparing audit findings and recommendations.

• Track outstanding documentation requests and help ensure audit assignments are completed within established deadlines.

• Maintain strict confidentiality when handling sensitive banking and compliance information.

Required Qualifications

• Active CAMS certification required.

• 5–7 years of relevant experience in BSA/AML, sanctions compliance, internal audit, compliance testing, or financial crime risk management.

• Strong understanding of AML regulations, sanctions requirements, and financial crime compliance controls.

• Hands-on experience performing control testing, audit walkthroughs, sample selection, and evidence evaluation.

• Experience preparing detailed audit workpapers and documenting testing results.

• Familiarity with KYC/CDD/EDD, transaction monitoring, and sanctions screening processes.

• Strong analytical, organizational, and written communication skills.

• Ability to work effectively with internal audit teams, compliance professionals, and business stakeholders.

• High level of professionalism, discretion, and attention to detail.

Preferred Qualifications

• Prior internal audit or compliance testing experience within a Corporate & Investment Bank.

• Exposure to multiple banking products, including trade finance, payments, treasury, lending, or capital markets.

• Experience with AML transaction monitoring, sanctions screening, KYC, or case management systems.

• Additional internal audit certifications or professional training.

• Experience using data analysis to support audit testing and risk assessments

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Nesco Resource offers a comprehensive benefits package for our associates, which includes a MEC (Minimum Essential Coverage) plan that encompasses Medical, Vision, Dental, 401K, and EAP (Employee Assistance Program) services.

Nesco Resource provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.