Sr Business Control Specialist - Consumer AML Operations

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Job Description:
This job is responsible for driving and executing on internal control discipline and operational excellence within a Line of Business (LOB) or Enterprise Control Function (ECF). Key responsibilities include providing analytical and administrative support for LOB or ECF specific processes and tools to drive adherence to enterprise-wide standards. Job expectations include monitoring and testing controls and implementing quality assurance and quality control processes within the LOB or ECF by evaluating data to help identify, track, and report issues and control improvements for remediation.

Responsibilities:

• Oversees the design and effectiveness of the risk and control environment to support Consumer AML Operations and ensure adherence to enterprise-wide standards
• Supports the monitoring and testing of controls by evaluating data to identify issues and control improvements for remediation
• Supports the overall management of and research required for regulatory exams, internal audits, and other monitoring and inspection reviews and evaluates data and information relevant to inspection metrics to support governance activities for dashboard reporting

Skills:

• Controls Management
• Issue Management
• Monitoring, Surveillance, and Testing
• Quality Assurance
• Risk Management
• Analytical Thinking
• Attention to Detail
• Critical Thinking
• Problem Solving
• Written Communications
• Decision Making
• Innovative Thinking
• Prioritization
• Recording/Organizing Information
• Research

Line of Business Job Description:

About this Team:

Consumer AML Operations (CAML Ops) provides anti-money laundering (AML) and Bank Secrecy Act (BSA) operational support for Consumer and Small Business (C&SB) with some services extending across multiple lines of business. Functions are supported to ensure the appropriate completion of critical customer due diligence for AML processes including customer data repair, centralized Refresh of customer due diligence data elements, exiting of customer relationships due to AML reasons, regulatory reporting of cash received in the U.S. including cash aggregation and currency transaction reporting exemption records as required by the BSA.

Position Summary:
The Senior Business Control Specialist will provide oversight and support in executing internal control discipline and operational excellence for the Currency Reporting Unit within the Consumer AML Operations (CAML Ops) Line of Business. Prepares documentation for the tracking, monitoring, and escalation of risk related issues to management and acts as an ambassador of the risk culture. Performs validation activities to ensure processes are adequate, effective, and meet control standards. Provides governance over key controls and status of mitigation and action plans.

Focus is on long-term transformational goals in the area of control monitoring for business processes. Responsible for the support of breakthrough enhancements for business process control monitoring and reporting, regulatory risk, quality assurance integration/synergies, and continuous process improvements. Engages and works closely with production management. Influences across organizational lines to drive consistency, remove road blocks and take action on key priorities, regulatory requirements, and process improvements. Displays a risk minded approach to all initiatives. Provides risk guidance and Subject Matter Expertise.

Responsibilities:

• Supports risk management aligned to Consumer AML Operations.
• Develops and manages strong relationships with the CAML Ops Process Owners, C&SB AML, GFC/GC&OR and control partners, ensuring partnership on exams, inquiries, and other regulatory matters.
• Works with Reg Relations and Audit teams during supervision engagement activities including exams, meetings, and ad-hoc inquiries.
• Provides guidance for all aspects of audit/exam deliverables to ensure consistent practices, successful execution, and reduction of risk exposure for the company. This includes being responsive to inquiries, aiding with preparation of responses, and reporting and escalation.
• Continuously assesses and enhances the Business Controls coverage model and processes, improving the quality and execution of routines, and identifying new approaches to improve effectiveness and efficiencies.
• Identifies, assesses, and communicates emerging issues, themes and trends based on various information gathering methodologies and sources.

Requirements:

• 3+ years of Business Controls, Audit, Risk Support experience. Prefer experience with BSA/AML or Financial Center Channel.
• Ability to engage key partners and stakeholders across multiple LOBs and influence their commitment to risk governance and oversight
• Strong capability to use inductive and deductive logic to follow a risk trail and determine impact, potential outcomes, urgency
• Can connect well (efficiently, and on point) with people in multiple levels in a very fast paced and challenging landscape
• Superior verbal and written communications skills, including the ability to synthesize complex information to distill and deliver a concise, salient message suitable to any audience from LOB employees to senior executives and auditors.
• Execution-oriented and results-focused self-starter able to work independently
• Strong organizational ability, project management skills, and delegation capability
• Extremely detail oriented to ensure quality and accurate work performance
• Keen judgment balancing business strategy with rigorous risk management controls
• A pragmatic and flexible attitude towards problem solving, and a consultative working style

Other Qualifications:

• Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
• Excels in working among diverse viewpoints to determine the best path forward
• Experience in connecting with a diverse set of clients to understand future business needs is a continuous learner
• Commitment to challenging the status quo and promoting positive change.
• Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
• Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world
• Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
• Working knowledge of regulatory landscape
• Working knowledge of core Banking concepts
• Certified Anti-Money Laundering Specialist (CAMS) Certification

Shift:

Hours Per Week: