AML Governance Compliance Specialist

SoFi

3mo ago

Applications are closed

Job
Full-time
Senior Level
Banking & Finance
$83.2K - $156K
Jacksonville

Requirements

What you’ll need:
Bachelor’s Degree or Master’s Degree in Finance, Business, Management, or other relevant areas.
5+ years of experience in the financial services industry with a demonstrated track record of delivery and/or relevant experience in risk and control management focusing on a variety of large-scale technical initiatives.
Effective negotiation and influencing skills, including strong written communication, verbal communication, and presentation skills.
Strong management, organizational, and evaluative process skills. Ability to analyze complex organizational and technical issues to improve performance and efficiency.
Demonstrated ability to communicate effectively with all levels of the organization, across different business lines, and with external stakeholders.
Specific Skills:
Experience conducting AML transaction monitoring investigations, customer screening investigations (e.g. adverse media, sanctions, etc.), or other AML processes.
Experience contributing to AML and Sanctions risk assessments.
Experience maintaining and coordinating updates to policies, procedures, and executive-level presentations.
Excellent organizational, verbal, written, interpersonal, and analytical skills are required.
Must be able to multitask, adapt well to changing priorities, and effectively prioritize work to meet critical deadlines.
Ability to work in a fast-paced, demanding, and changing environment; must work well under pressure.
A demonstrated track record in identifying gaps, process improvements, and proactively proposing solutions, and as appropriate, executing team-wide communication and training.
Nice to have:
CAMS/CFE certification preferred (or willingness to become certified within one year of start date).

Responsibilities

Coordinate and complete quality control reviews of periodic committee materials, including but not limited to quarterly AML Oversight Committee and Board materials.
Coordinate policy updates across the AML Department and ensure policies are reviewed and presented to applicable committees as required.
Collect and analyze business data and controls for the annual Risk Assessment and other risk assessment activities throughout the year.
Review and update the Risk Assessment framework by configuring the risk rating tool and ensuring that the Methodology document is updated to align.
Monitor for and maintain policy exceptions and ensure exceptions are presented to appropriate committees on a timely basis.
Draft new policies and updates to existing policies as necessary.
Coordinate materials for regulatory presentations (e.g. overviews of AML Departments, process flows, periodic updates, etc.).
Monitor new policies and policy changes across Legal, Compliance, and the Enterprise, where appropriate, to ensure compliance.
Assist in regulatory exams, internal audits, and third-party risk management reviews as it pertains to documenting and providing governance-related materials.

FAQs

What are some key responsibilities of the AML Governance Compliance Specialist role?

Some key responsibilities include assisting with the coordination of governance related deliverables, creating executive-level presentations for meetings, reviewing and approving AML-related policies and procedures, and contributing to the AML and Sanctions risk assessment process.

Who does the AML Governance Compliance Specialist role collaborate with?

The role collaborates with the AML Oversight Committee, Board members, regulators, cross-functional business leaders, and the Risk Assessment Officer.

What skills are essential for success in the AML Governance Compliance Specialist role?

Essential skills include strong communication, attention to detail, project management, analytical skills, ability to work cross-functionally, and understanding of AML and Sanctions compliance regulations.

How does the AML Governance Compliance Specialist role contribute to the overall compliance efforts of the organization?

The role plays a critical part in ensuring that AML-related policies and procedures are in line with regulations, that risk assessments are conducted effectively, and that governance related deliverables are properly managed and communicated to key stakeholders.

SoFi

SoFi helps you save, spend, earn, borrow, invest, and protect your money–all in one app. NMLS 1121636

Finance

Industry

1001-5000

Employees

2011

Founded Year

Mission & Purpose

SoFi is a values-driven company on a mission to help our members get their money right. We create modern financial products and services that help people borrow, save, spend, invest, and protect their money better, so that they can achieve financial independence and realize their ambitions—from owning a home to saving for retirement, paying off their student loans, and more.