Compliance Officer - BSA/AML and Fraud Testing

Lensa; United States; Remote; USD 90,000 - 110,000; Full time

Job summary

Join a leading company as a Compliance Officer specialized in BSA/AML and Fraud Testing. You will evaluate compliance across various lines of business and contribute to the design and execution of compliance monitoring and testing. Ideal candidates will possess strong analytical skills and have at least 5 years of relevant experience. This role offers a competitive salary and a collaborative work environment that values integrity and continuous improvement.

Benefits

Short-term incentive compensation

Deferred incentive compensation

Qualifications

• 5 years of BSA/AML and Fraud compliance experience.
• Working knowledge of OFAC regulations.
• Strong interpersonal skills for collaboration.

Responsibilities

• Conduct compliance testing for BSA/AML and Fraud.
• Evaluate adherence to financial regulations.
• Develop monitoring processes for compliance.

Skills

Communication

Analytical

Critical Thinking

Education

Bachelor's degree

Tools

Data analysis tools

Microsoft Excel

Job description

Compliance Officer - BSA/AML and Fraud Testing

Compliance Officer - BSA/AML and Fraud Testing

Lensa partners with DirectEmployers to promote this job for Key Bank.

Location:

For Those Who Work At Home - Various, Ohio 44144

About The Job

As part of Key’s second line of defense Compliance Risk Management function, the Risk Evaluation and Assurance Program (the “REA Program”) has the responsibility for evaluating Key’s ongoing compliance with applicable laws and regulations through the execution of compliance monitoring and testing across Key’s lines of business, products, and functional activities. Individuals in this role assist in the design and execution of BSA/AML (KYC, CIP, CDD, EDD) OFAC and Fraud testing and continuous monitoring to evaluate Key’s compliance with regulatory requirements. Individuals work both autonomously on assignments and in collaboration with other members of REA team on projects and testing. The ideal candidate has a functional knowledge of BSA/AML, OFAC and Fraud compliance laws and regulations, risks and supporting operational processes, experience in testing/auditing, and a passion for continuous learning and challenging the status quo.

Essential Job Functions

• Serve on a team of risk evaluation and assurance professionals, working to provide an independent Second Line of Defense approach to risk-based monitoring and evaluation by focusing on current, high impact BSA/AML, OFAC, Fraud-related compliance risks, developing assessments, and providing input over control effectiveness through formal reporting, as well as monitoring remediation activities.
• Work independently and with a team on risk-based monitoring and evaluation activities, including risk assessment, monitoring and testing, analysis of findings, and reporting to ensure effective, sustainable risk management processes exist.
• Demonstrate a working knowledge of BSA/AML (KYC, CIP, CDD, EDD), OFAC, Fraud compliance regulations and laws including banking/consumer compliance regulations and laws, industry trends, emerging issues, and related banking products (e.g. – lending, deposits, etc.) and ability to understand its applicability to risk management strategies including the scoping of risk evaluations, monitoring, and design of testing plans.
• Utilize data analysis tools and techniques to analyze, quantify, and/or assess risks and to evaluate controls to identify potential weaknesses and/or control gaps.
• Clearly document the results or conclusions for testing performed in concise management reports and provide heightened awareness around significant risks and proactive identification, escalation, and remediation of control weaknesses or gaps.
• Review policies and procedures and associated compliance and compliance risk programs to ensure consistency with current applicable banking and securities rules, regulations, and laws.
• Develop and maintain strong, collaborative relationships with mid to senior level management, other internal clients and peers, and Audit.
  
  

Required Qualifications

• Education/Background: Bachelor's degree,
• Minimum 5 years of BSA/AML, OFAC and Fraud compliance, risk management, and/or audit experience with a strong focus on risks and controls.
• Practical working knowledge of BSA/AML (KYC, CIP, CDD, EDD), OFAC, Fraud and financial services compliance and operations including the related rules and regulations of the financial services industry to include: FinCEN, OCC, FRB, CFPB, State Law, and other pertinent regulations.
• Demonstrated skill in effectively communicating (verbal and written) results to a diverse audience; ability to work with all levels of management with a focus on collaboration and relationship management.
• Strong interpersonal skills; ability to work well in a team environment.
• High ethical standards, strong critical thinking, detective, analytical, and problem-solving skills.
• Autonomous, self-motivated, and flexible with the ability to adapt quickly to change or shifting priorities in a fast-paced environment.
  
  

Preferred Qualifications

• Currently maintains relevant professional and/or industry sponsored certifications in risk management and/or compliance, with specific relevance to BSA/AML or Fraud (e.g. – Certified Anti-Money Laundering Specialist (CAMS), Certified AML and Fraud Professional (CAFP), Certified Fraud Examiner (CFE), etc.).
• Prior financial services compliance testing experience leveraging risk-based auditing techniques.
• Experience with data analysis tools and techniques including advanced concepts of Microsoft Word, Excel, and PowerPoint and/or other analytical software (e.g. – SAS, Tableau, ACL, etc.).
• Comprehensive knowledge of the operational, technical and functional structure of financial services organizations, banking systems, and compliance programs.
• Experience working on projects or initiatives requiring strategic planning/thinking across multiple functional areas and business processes.
  
  

Compensation And Benefits

This position is eligible to earn a base salary in the range of $90,000 to $110,000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.

Please click here (https://www.key.com/kco/images/Key_Benefit_Eligibility_Chart.pdf) for a list of benefits for which this position is eligible.

Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be Mobile or Home-based, which means you may work primarily either at a home office or in a Key facility to perform your job duties.

Job Posting Expiration Date: 06/22/2025

KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing [e-mail].

KeyBank is an organization collectively committed to helping you unlock your potential and discover what truly drives you. Working here means sharing our purpose to help our clients, colleagues, and communities thrive. You’ll find genuinely supportive teammates, a flexible, inclusive work environment, challenging projects, accessible leaders, and opportunities to grow in your position and your career. For 200 years, Key has opened doors in our communities. Let us open one for you.

If you have questions about this posting, please contact [e-mail]

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Legal

• Industries

  IT Services and IT Consulting

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