Financial Crimes Testing Specialist

11 hours ago


Sioux Falls, South Dakota, United States Bancorp Bank, The Full time

Job Title: Financial Crimes Testing Specialist

Job Summary:

The Bancorp Bank, N.A. is seeking a highly skilled Financial Crimes Testing Specialist to join our team. As a key member of our Compliance department, you will be responsible for monitoring and testing internal and external BSA/AML and Sanctions-related functional processes to identify potential weaknesses or gaps.

Responsibilities:

* Conduct thorough reviews and evaluations of BSA/AML and Sanctions processes and controls within the LOB, FCRM functional area, and third-party clients to determine effectiveness and sustainability.
* Ensure requirements set forth by relevant Policies, Programs, and Procedures are monitored and tested for the assigned transactions and processes.
* Perform reviews and analyzes the results of test work, prepares work papers to support conclusions, develops recommendations, summarizes test results, drafts review reports, and resolves outstanding issues.
* Reports, tracks, and validates the remediation of process/control issues detected in the testing process and enters into the Bank's issue management system.
* Maintains thorough documentation of work performed and conclusions reached. Updates and maintains files and records using databases and spreadsheets in accordance with departmental processes and procedures.
* Analyzes potential risks through detailed reviews of multiple sources of information and escalates key risks to appropriate areas and/or business leaders.
* Performs virtual walkthroughs of third-party partners related to their BSA/AML and Sanctions controls.

Qualifications:

* Undergraduate degree in a related field or an equivalent combination of training and experience in the financial industry.
* 3 years of regulatory compliance activity experience, including risk management, compliance testing, audit, or similar control related experience.
* Strong working knowledge of AML (Anti-Money Laundering) regulations, including BSA (Bank Secrecy Act), OFAC (Office of Foreign Asset Control), and the USA PATRIOT Act.
* Excellent verbal, written, and interpersonal communication skills.
* Good investigative, analytical, and problem-resolution skills.
* Team player, able to work effectively in a team-fostered, multi-tasking environment.
* Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook.

Working at The Bancorp Bank, N.A.:

* The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.
* Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.



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