Role Description
The Financial Crime Controls and Testing role is responsible for supporting the delivery of the Bank’s Financial Crime Quality Assurance (QA) and Quality Control (QC) program, controls testing and oversight, procedure management, and issues management. The role supports these processes across the Financial Crime program, including anti-money laundering (AML)/countering the financing of terrorism (CFT), sanctions, and fraud. This role provides independent, ongoing monitoring to ensure regulatory compliance, internal policy adherence, data integrity, and adequacy, effectiveness, and efficiency of internal controls. The role partners closely with the Financial Crime team, Compliance, Operations, and business line leaders to identify gaps, recommend corrective actions, and support continuous improvement of the Bank’s financial crimes risk management framework.
Major Duties and Responsibilities
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Support the design, maintenance, and execution of a comprehensive Financial Crime QA/QC framework.
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Perform quality assurance reviews of Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, Fraud Prevention, OFAC, Customer Identification Program, and Customer Due Diligence compliance for the Bank and its third-party partners, as applicable.
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Recommend process and control improvements based on QA findings, regulatory guidance, and industry best practices.
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Conduct root-cause analysis to identify systemic issues or procedural weaknesses.
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Assist in the design, maintenance, and execution of a Financial Crime control framework and testing plan.
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Aid in delivering a strong issues management program which will help in identifying potential gaps/opportunities, as well as addressing issues with a robust and timely action plan.
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Validate adherence to internal policies, regulatory requirements, and procedural guidelines.
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Support Fair Access Banking by ensuring controls and decisioning align with nondiscriminatory practices, consumer protection laws, and equitable access principles.
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Maintain strong working knowledge of applicable regulations including BSA/AML, USA Patriot Act, OFAC, FFIEC BSA/AML Examination Manual, fraud risk management expectations.
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Assist in validating model and system settings related to AML and fraud monitoring tools.
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Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
Qualifications
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5+ years of experience in BSA/AML, fraud, risk, controls, or QA within a banking or financial services environment.
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Strong understanding of Financial Crime risk assessment frameworks.
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Familiarity with Fair Access Banking principles, consumer protection laws, and regulatory expectations.
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Strong analytical skills with experience reviewing complex monitoring alerts, investigations, and transactions.
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Bachelor’s degree in Finance, Accounting, Business, Risk Management, or related field; or equivalent work experience.
Interpersonal Skills
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A significant level of trust and diplomacy is required to be an effective subject matter expert in the position.
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In-depth dialogues, conversations, and explanations with customers, direct and indirect reports, and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day-to-day experience.
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Strong communication skills to develop good working relationships and to promote cooperation and compromise among various departments.
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Ability to quickly adapt to changing environments, processes, and technologies.
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Strong organizational skills.
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Ability to maintain composure under pressure or adverse circumstances, using effective strategies for managing personal stress.
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Ability to maintain personal and work direction when faced with ambiguity.
ADA Requirements
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Is able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 25 lbs.
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Must be capable of climbing/descending stairs in an emergency situation.
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Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators.
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Must be able to routinely perform work on a computer for an average of 6-8 hours per day, when necessary.
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Must be capable of regular, reliable, and timely attendance.
Working Conditions
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Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise.
Mental and/or Emotional Requirements
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Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team.
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Must be able to read and carry out various written instructions and follow oral instructions.
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Must be able to complete basic mathematical calculations, spell accurately, and understand computer basics.
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Must be able to speak clearly and deliver information in a logical and understandable sequence.
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Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization.
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Must be able to perform responsibilities with composure under the stress of deadlines/requirements for extreme accuracy and quality and/or fast pace.
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Must be capable of exercising the highest level of discretion on both internal and external confidential matters.
EEO Statement
It is the policy of Vast Bank to afford equal opportunity in all phases of employment without regard to an individual’s race, color, creed, religion, gender, national origin, age, disability, marital status, ancestry, sexual orientation, unfavorable military discharge for qualified individuals with disabilities, and for qualified disabled veterans and veterans of the Vietnam era, to the extent required by applicable local, state and federal law.
Benefits
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Comprehensive benefits package & 401(k) match
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Professional development - opportunities for advancement!
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Tuition assistance
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Transit reimbursement
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Paid time off
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& more!
