Partners with and supports the Wealth Management & Investment Services, Global Corporate Trust and Custody Line of Business to ensure compliance with U.S. Bank's AML/KYC and Sanctions Policies and applicable regulatory requirements. Partners with other Risk/Compliance/Audit (RCA) professionals, and RCA Managers to, depending on their function, help create, implement, maintain, review or oversee an effective risk management framework. May participate in projects and/or monitoring/quality assurance activities that ensure compliance with applicable federal, state and local laws and regulations. Identifies gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems or human errors. Identifies, responds and/or escalates risks as appropriate. Serves as a functional liaison between the GCTC Relationship Management team and the WM&IS Chief Risk Office Financial Crimes Compliance team. Performs preliminary due diligence reviews on new customer profiles to ensure compliance with KYC requirements prior to on-boarding. Conducts various monitoring and periodic quality assurance testing to ensure accuracy and data integrity. Provides support for internal and external auditors as needed. Assists in research and adjudication of Economic Sanctions and PEP alerts.
Bachelor's degree, or equivalent work experience
Two to three years of experience in an applicable risk management environment
Thorough knowledge of applicable AML/CDD/KYC and Economic Sanctions laws, regulations, and regulatory trends that impact the line of business
Thorough understanding of the business line's operations, products/services, systems, and associated risks/controls
Thorough knowledge of Risk/Compliance/Audit competencies
Strong organizational and analytical skills.
Ability to prioritize and juggle multiple demands with tight deadlines
Must possess business acumen and credibility to help business line(s) interpret and apply procedure requirements
Excellent interpersonal, written and verbal communication skills
Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations