Anti-Money Laundering (AML) Compliance Tester III

at Capital One Services II, LLC in Wilmington, Delaware, United States

Job Description

802 Delaware Avenue (18052), United States of America, Wilmington, Delaware

Anti-Money Laundering (AML) Compliance Tester III

The Principal Corporate Compliance Tester performs a key second line of defense role, to help ensure regulatory requirements are met across the enterprise and applicable lines of business. The Anti-Money Laundering (AML) Tester will execute complex risk-based compliance transaction testing under the leadership of a team leader, for the purpose of independently validating adherence to applicable AML laws regulations, including but not limited to the Bank Secrecy Act (BSA), USA PATRIOT ACT, and Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), etc.

Responsibilities will include (but may not be limited to):

Under the leadership of a team leader, executing targeted, complex transaction testing for line of business compliance requirements in alignment with team and ICTT methodology and procedures

Suggesting changes to testing and performing high risk testing as needed

Developing test plans, while continually validating and improving test design

Managing testing schedules to ensure all tasks and reporting are completed within established timeframes

Obtaining and analyzing test data from multiple sources and systemically documenting the work and results by following documented test plans, testing protocols and leveraging job aids as needed

Supporting and initiating efforts to improve data sourcing and partnering with business and IT areas to develop improved data sources

Reviewing transaction test executed by peers for accuracy and adherence to test procedures

Submitting test results in PRIME

Systematically retain documents that substantiate test results

Establishing and maintaining strong relationships with Compliance Advisors and Business Areas.

Supporting ICTT and Compliance audit and exams as needed

Basic Qualifications:

High School Diploma, GED or Equivalent Certification

At least 2 years of Compliance Testing, Compliance Monitoring, Quality Assurance, Audit Experience, AML investigation, or Fraud Investigation experience

Preferred Qualifications:

Bachelor's degree

3 years of Compliance Testing , Compliance Monitoring, Quality Assurance, Audit Experience, AML investigation, or Fraud Investigation experience

Strong working knowledge of both US and Canadian laws and regulations as they relate to AML and Sanctions.

Strong working knowledge of Suspicious Activity Report (SAR), Currency Transaction Report (CTR), and/or Suspicious Transaction Reports (STRs) filing requirements

Strong problem-solving and conceptual thinking skills

Strong communication skills

Association of Certified Anti-Money Laundering Specialists (ACAMS), Certified Fraud Examiner (CFE), or Certified Financial Crime Specialists (CFCS) Certification

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
New York City (Hybrid On-Site): $118,700 - $135,400 for Compliance Tester III

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.
This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn... For full info follow application link.

Capital One is an equal opportunity employer committed to diversity in the workplace. Capital One promotes a drug-free workplace. 

All qualified applicants will receive consideration for employment without regard to gender, race, color, religion, national origin, sexual orientation, protected veteran status, or disability status.

Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; Newark, New Jersey Ordinance 12-1630; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries. 


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Job Posting: 1268239

Posted On: May 11, 2024

Updated On: May 19, 2024

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