Senior BSA/AML Testing Specialist
Flagstar Bank
full-time
Posted on:
Location Type: Remote
Location: New York • United States
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Salary
💰 $84,000 - $108,000 per year
Job Level
About the role
- Serves as the examiner in charge of Compliance Testing reviews assigned.
- Work with the Senior Manager and Department Head to establish the objectives, scope, testing approach and sampling techniques to be utilized during testing.
- Schedule and participate in any commencement and exit meetings with business/stakeholders for compliance reviews.
- Develop and distribute Announcement and Documentation Request Memos for scheduled reviews.
- Perform and oversee compliance tests conducted by Compliance Testing team members.
- Meet with the business/stakeholders to ensure the factual accuracy of issues raised.
- Prepare “Compliance Draft Review Reports” that summarize results, findings, and recommendations for proposed enhancements for issues noted.
- Obtain adequate management action plans with respect to any findings.
- Document findings and management responses/action plans in Archer.
- Perform follow-up to ensure timely completion of corrective actions and validate closure of issues.
- Perform Quality Assurance review of testing conducted by the Compliance Testing Team members.
- Assist with the creation and maintenance of departmental Key Performance Indicators and Key Risk Indicators.
- Assist with the development of the Annual Compliance Testing Plan.
- Assist in the Annual Performance Evaluation of Team Members.
- Provide thoughts on continued process improvements and updates to the Compliance Testing Methodology, Procedures and workpaper templates.
- Stay informed of changing regulatory requirements and the firm’s business model that might impact the firm’s compliance framework and the Compliance Testing plan.
- Complete all required compliance and other firm required training.
- Maintain knowledge of and adhere to all applicable internal compliance policies and procedures and other internal policies and procedures applicable to the role.
Requirements
- 10+ Years of Financial Services experience, preferably at least half of those years in Compliance Testing, Internal Audit or a financial services consulting firm (i.e. PWC, E&Y, Grant Thornton, other) with regulatory compliance testing as an area of focus.
- Education level required: High School / High School Equivalency (GED, HiSET, TASC) / Foreign
- Preferred Qualifications: Bachelor’s degree or equivalent work experience. CRCM, ACAMS, or Securities Licenses preferred but not necessary.
- Functional knowledge of consumer protection laws and regulations impacting financial institutions.
- Excellent organization and communication skills.
- Demonstrated ability to focus and execute completion on complex matters.
- Ability to manage and provide compliance related oversight to multiple business lines.
- Proven ability to partner effectively across all levels of the organization and develop positive working relationships.
- Ability to supervise staff.
Benefits
- medical
- dental
- vision
- life insurance
- disability insurance
- comprehensive leave program
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
Compliance TestingInternal AuditRegulatory Compliance TestingQuality AssuranceKey Performance IndicatorsKey Risk IndicatorsDocumentation Request MemosCompliance Draft Review ReportsManagement Action PlansProcess Improvements
Soft Skills
OrganizationCommunicationFocusExecutionOversightRelationship BuildingSupervisionCollaborationProblem SolvingAdaptability
Certifications
CRCMACAMSSecurities Licenses