Manager Financial Crimes Testing

City National Bank; Charlotte (NC); On-site; USD 101,000 - 173,000; Full time

Job summary

An established industry player is seeking a BSA/OFAC Testing Manager to lead a team of analysts in executing a comprehensive testing program. This role involves assessing compliance with BSA/OFAC regulations, managing audits, and delivering insightful reports to senior management. The ideal candidate will possess extensive experience in banking operations, risk management, and regulatory compliance. This is a fantastic opportunity to make a significant impact within a forward-thinking organization that values innovation and community engagement. Join a team dedicated to excellence and help shape the future of financial compliance.

Benefits

Health Insurance

Retirement Plans

Paid Time Off

Professional Development

Flexible Work Hours

Qualifications

• 5+ years of experience in audit/testing with BSA/OFAC focus.
• ACAMS Certification required.
• Strong knowledge of USA PATRIOT Act and BSA/AML regulations.

Responsibilities

• Manage BSA/OFAC Testing Program and team of analysts.
• Conduct audits and testing, analyze results, and report findings.
• Collaborate with business units to improve control environment.

Skills

BSA/AML Compliance

Risk Management

Testing Procedures

Data Analysis

Microsoft Office Suite

Communication Skills

Supervisory Skills

Problem-Solving Skills

Education

Bachelor's Degree or equivalent

Tools

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Microsoft Outlook

Job description

MANAGER FINANCIAL CRIMES TESTING

WHAT IS THE OPPORTUNITY?

The BSA/OFAC Testing Manager manages a team of BSA Risk Analysts to execute the BSA/OFAC Testing/Monitoring Program, primarily to conduct testing on BSA/OFAC functions and controls, analyze results of testing performed, validate BSA/OFAC compliance monitoring conducted by 1LOD, and effectively communicate testing/monitoring results to the BSA Risk Manager and senior management in meetings, presentations, and/or written reports and memorandums. Additionally, the position is responsible for maintaining and further developing the BSA/OFAC Testing/Monitoring Program taking into consideration industry development, emerging risks, and regulatory changes and expectations.

What you will do

1. Plans, executes and evaluates test plans with a risk-based approach.
2. Assesses controls, executes testing procedures, supervises and reviews the work of others, analyzes and synthesizes results of testing performed, effectively communicates results to senior management to affect change, and delivers well written testing reports and other forms of communication.
3. Manages staff, and collaborates with other groups to effectively plan, integrate and execute testing.
4. Conduct review and challenge of remediation initiatives to ensure operational risk exposures associated with known control deficiencies are addressed. This includes providing challenge throughout the Issue Management Lifecycle, which may include issue data details; root cause analysis; action plan; material issue changes; management’s completion of the required and/or committed corrective actions with supporting evidence; and sustainability.
5. Conduct review and challenge of controls implemented. This includes providing feedback to risk and control owners and control assessment teams related to the following control management activities: control identification to match appropriate controls with identified risk exposures to lower the residual risk level; completeness and robustness of control documentation; reasonableness of control assessment approach and sample selection; consistency of design effectiveness and operating effectiveness conclusions with supporting evidence; and appropriateness of documented issues and action plans to remediate identified control failure.
6. Gathers and evaluates information received from business units and other external/regulatory sources.
7. Supports the BSA Risk Manager proactively in ongoing discussions with business management to improve the control environment.
8. Acts as the key contact and responds to inquiries from business throughout the testing process.
9. Advises stakeholders on internal control and governance matters and conducts proactive and ongoing risk management discussions with business leaders, as supported by testing results.
10. Prepares and conducts formal/informal training for less experienced staff members.
11. May participate in interviews and evaluations of new applicants.

Must-Have*

1. Bachelor's Degree or equivalent
2. Minimum 5 years of audit, testing or related experience with a BSA/OFAC focus in banking operations, compliance, and/or risk management activities.
3. Minimum 3 years of experience conducting audits/testing with a BSA/OFAC focus within financial institutions and supervising staff.
4. ACAMS Current Certified Anti-Money Laundering Specialist (CAMS) Certification

Skills and Knowledge

1. BS degree with designation in business or finance or equivalent experience is preferred.
2. Strong working knowledge of USA PATRIOT Act, BSA/AML and OFAC regulatory requirements and guidance.
3. Strong understanding of risk management practices, internal control concepts and application of such.
4. Testing experience required.
5. Proficient with Microsoft Office Suite (e.g. Word, Excel, PowerPoint, Outlook).
6. Strong verbal and written communication skills to effectively present to peers and business management, and convey ideas and obtain management buy-in for constructive change.
7. Effectively manage ambiguity, work independently, think innovatively and demonstrate critical problem-solving skills.
8. Ability to collect, organize and analyze data from activities performed by the team, and create management reports
9. Detail-oriented; ability to identify trends/discrepancies in data/information that results in the production of accurate work product
10. Ability to supervise and coach staff.
11. Experience in planning and juggling multiple projects and with varying team members.
12. Ability to multi-task and work in a dynamically changing environment.

Compensation

Starting base salary: $101,231 - $172,355 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.

ABOUT CITY NATIONAL

City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.

*City National Bank does business in Miami and the state of Florida as CN Bank.

For more information about City National, visit cnb.com.

EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE

If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at [phone]. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.