Senior Manager - AML Risk Assessment

  • Company: Capital One
  • Location: McLean, Virginia
  • Posted: October 29, 2016
  • Reference ID: R13474
McLean 1 (19050), United States of America, McLean, Virginia

Senior Manager - AML Risk Assessment

Title:  Senior Manager - AML Compliance Risk Assessment

Level:  Senior Manager

Job Description:

Capital One is a diversified bank that offers a broad array of financial products and services to consumers, small business and commercial clients.  Ranked #127 on the Fortune 500, Capital One is one of the nation’s top 10 banks and has one of the most widely recognized brands in America. We nurture a work environment where people with a variety of thoughts, ideas and backgrounds, guided by our shared Values, come together to make Capital One a great company and a great place to work.

As a Senior AML Compliance Manager at Capital One you’ll be challenged by working with business partners to conduct enterprise wide money laundering and sanctions risk assessments. Assessments are conducted in accordance with a standardized framework and methodology, the purpose of which is to understand the level of inherent AML compliance and sanctions risk exposure associated with Capital One’s business segments, assess controls, and ensure residual risk remains within tolerance.  Senior Compliance Managers at Capital One provide guidance to key stakeholders to ensure our risk is well managed and our company remains stable and profitable. They gain a high level of exposure across lines of business and have the opportunity to work with executives, compliance partners, regulators, auditors and other key constituents.  

- Assess the inherent money laundering and sanctions risk and controls though the established risk and control framework

-Work with data analysts to source data required to support AML inherent risk metrics

- Assess the company’s collective ability to monitor and control inherent AML and sanctions risk

-Develop, socialize, and present risk assessment results to executive management and other key stakeholders

-Conduct detailed reviews of high risk areas

-Suggest risk mitigation strategies to business areas and other control functions

-Maintain detailed policies and procedures related to the risk assessment process

-Continuously improve the framework, methodology, processes and reporting

-Stay abreast of all applicable laws, regulations and emerging risks for consideration in the risk assessment process

-Gain a detailed knowledge of the enterprise customer base, products, services, transactions, geographies, business initiatives, processes, strategies and associated controls

-Ensure results of the risk assessment are tracked until remediated in accordance with corporate compliance standards

-Routinely communicate and report the state of AML Compliance risk

-Conduct other targeted assessments as needed

-Assist in audits and exams

-May also manage other associates

Basic Qualifications:
- High School Diploma, GED or equivalent experience, or Military experience
- At least 7 years of experience in AML or at least 7 years of experience in risk management within financial services

Preferred Qualifications:
- 10 years of experience in AML or 10 years of experience in risk management within financial services
- CRCM, or ACAMS, or CIPP certifications

-Bachelor’s Degree

PCN 39

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

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