BSA/AML Testing Specialist Sr

JOB RESPONSIBILITIES

• Lead and manage various phases of compliance testing reviews, including the planning, execution, and reporting, ensuring that all activities align with regulatory requirements and internal policies.

• Independently analyze and review risk and control documentation to define the scope and objectives of each testing assignment, ensuring alignment with the broader risk management strategy.

• Drive the development and refinement of test scripts, ensuring comprehensive coverage of regulatory, policy, and operational requirements while collaborating with cross-functional teams for input.

• Perform advanced testing procedures, document findings in well-structured workpapers, and prepare detailed reports that provide clear, actionable insights to management.

• Facilitate and lead meetings with business unit leaders and stakeholders during testing kick-offs and close-out sessions, ensuring all risks, issues, and action plans are clearly communicated and documented.

• Take ownership of drafting formal findings and recommendations for improvements based on test results, ensuring clarity and strategic alignment with enterprise goals.

• Collaborate with business contacts to validate the accuracy of findings, work with leadership to confirm corrective actions, and ensure timely resolution of identified issues.

• Oversee the documentation and tracking of issues and corrective actions, ensuring adherence to the organization’s Issue Management process and timely follow-up to close out items.

• Lead follow-up activities on open issues, coordinating with senior leaders and teams to confirm the successful implementation of corrective actions and track progress toward resolution.

• Contribute to and lead additional testing and monitoring activities such as key risk indicator (KRI) and key performance indicator (KPI) reporting, as well as ad-hoc compliance reviews.

• Proactively identify opportunities for process improvements within the compliance testing framework and contribute recommendations for enhancing efficiency and effectiveness.

• Mentor and guide less experienced team members, providing coaching and support on testing processes, risk analysis, and compliance methodologies.

• Take a lead role in special projects or cross-departmental initiatives to broaden the scope of compliance testing activities and drive continuous improvement within the organization.

• Uses independent judgement and discretion to make decisions.

• Analyzes and resolves problems.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.

• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS

Required Qualifications:

• Education level required: Undergraduate Degree (4 years or equivalent) or equivalent work experience.

• Minimum experience required: 4+ Years of Financial Services experience within risk, compliance audit or similar field

Preferred Qualifications:

• CRCM, ACAMS, or Securities Licenses preferred but not necessary.

Job Competencies:

• Functional knowledge of consumer protection laws and regulations impacting financial institutions.

• Excellent organization and communication skills.

• Ability to partner effectively across the organization and develop positive working relationships.

• Ability to prioritize assignments and handle multiple projects simultaneously.

• Ability to work both independently and in a team-oriented environment.

• Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.

• Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.

• Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders. 

• Physical demands (ADA): No unusual physical exertion is involved.