Manager Financial Crimes Testing

City National Bank; Newark (NJ); On-site; USD 90,000 - 160,000; Full time

Benefits offered by this job

Comprehensive healthcare coverage

401(k) matching contribution

Tuition reimbursement

Career development

Paid time off

Fertility benefits

Career mobility support

Diversity and inclusion programs

Job summary

City National Bank in Newark, NJ seeks a Manager Financial Crimes Testing to lead a team of BSA Risk Analysts, overseeing the BSA/OFAC testing/monitoring program and presenting results to senior management.

Responsibilities include planning risk-based test plans, evaluating controls, coaching staff, coordinating with groups, and training junior staff; requires ACAMS and 5+ years in BSA/AML testing.

Qualifications

• Bachelor's Degree or equivalent.
• Minimum 5 years of audit, testing or related experience with a BSA/OFAC focus in banking operations, compliance, and/or risk management activities.
• Minimum 3 years of experience conducting audits/testing with a BSA/OFAC focus within financial institutions and supervising staff.
• ACAMS Certification.

Responsibilities

• Plan, execute and evaluate test plans with a risk-based approach.
• Assess controls, execute testing procedures, supervise and review work, and communicate results to senior management.
• Manage staff and collaborate with groups to plan, integrate and execute testing.
• Gather and evaluate information from business units and external sources.
• Support the BSA Risk Manager in ongoing discussions to improve the control environment.
• Respond to inquiries from business during testing process.
• Review and challenge BSA/OFAC monitoring conducted by 1LOD.
• Advise on internal control and governance matters and conduct risk discussions.
• Prepare and conduct training for less experienced staff.
• May participate in interviews and evaluations of new applicants.

Skills

BSA/OFAC testing

Team leadership

Verbal and written communication

MS Office

Education

Bachelor's degree or equivalent

ACAMS Certification

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 WILL YOU DO?

• Plans, executes and evaluates test plans with a risk-based approach.
• 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.
• Manages staff, and collaborates with other groups to effectively plan, integrate and execute testing.
• Gathers and evaluates information received from business units and other external/regulatory sources.
• Supports the BSA Risk Manager proactively in ongoing discussions with business management to improve the control environment.
• Acts as the key contact and responds to inquiries from business throughout the testing process.
• Conducts review and challenge of BSA/OFAC compliance monitoring conducted by 1LOD.
• Advises stakeholders on internal control and governance matters and conducts proactive and ongoing risk management discussions with business leaders, as supported by testing results.
• Prepares and conducts formal/informal training for less experienced staff members.
• May participate in interviews and evaluations of new applicants.

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

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

Additional Qualifications

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

WHAT’S IN IT FOR YOU?

Compensation

Starting base salary: $90,000 - $160,000 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

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 including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.

ABOUT US

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.

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