Principal Risk Compliance Testing Associate Anti-Money Laundering And Sanctions

Capital One Wilmington , DE 19801

Posted 1 month ago

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

At Capital One, we're building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Principal Risk Compliance Testing Associate Anti-Money Laundering and Sanctions

Title: Principal Risk Compliance Testing Associate Anti-Money Laundering and Sanctions

Level: Principal Associate

Job Description:

The Anti-money Laundering (AML) Requirements and Controls team is seeking an experienced Principal Associate who will be responsible for executing risk-based compliance testing. The associate will be responsible for executing risk-based compliance testing under the leadership of a team leader, including independently validating control design and operating effectiveness and facilitating adherence to applicable Laws, Regulations, and Guidance. In this high exposure role, the Principal Associate will mentor associates, work with senior management, and test compliance and technology controls that support compliance with AML across our enterprise. In addition, the role will work on innovative process improvements.

The role involves testing controls across our Enterprise related to AML or Sanctions requirements.

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

  • Under the leadership of the Senior Manager, executing control testing for AML and Sanctions related requirements.

  • Manage testing schedules to ensure all tasks and reporting are completed within established timeframes.

  • Analyze data from multiple sources and systematically document the work and results. This analysis includes using data analytics and dashboard reporting to monitor the effectiveness of AML controls across multiple lines of business.

  • Use critical and creative thinking skills to identify improvement opportunities, root causes, and provide recommendations that drive value.

  • Review testing documentation executed by peers for accuracy and adherence to test procedures.

  • Prepares well documented work papers.

  • Establish and maintain strong relationships with Compliance Advisors and Business Areas as needed.

  • Assist in communicating results to management and Compliance Officers, as needed. This includes oral and written presentations to management during and at the conclusion of testing, discussing noted deficiencies and recommending corrective action.

  • Track testing results for ongoing analysis and process improvement.

  • Assist management in the development of the planned activities.

  • Lead initiatives and other process improvement activities.

  • Update the AML regulatory applicability and control data in the system of record.

  • Travel: Occasional travel is possible (~10-15%) to COF sites.

Basic Qualifications:

  • High School Diploma or GED

  • At least 2 years of experience in Anti-Money Laundering (AML) compliance, or at least 2 years of experience in financial services.

Preferred Qualifications:

  • 4 years of financial services AML compliance monitoring experience

  • 4 years of AML compliance auditing experience or a related field.

  • 4 years of data analytics experience or a related field (i.e., test SQL, SAS).

  • Bachelor's degree

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


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