Responsible for developing and executing the AML and Sanctions Compliance Testing Plan. Develop Annual AML and Sanctions Testing Plan using results of the Money Laundering Risk Assessment (MLRA) and Compliance Risk Assessment (CRA), in addition to other internal and external factors. Monitor regulatory change management and changes in compliance risk profile and proposes additions and changes to the Anti-Money Laundering and Sanctions annual test plan, as required, to update Testing Plan and ensure it remains risk-based. Execute testing according to Enterprise Compliance Testing Program procedures and communicate results to stakeholders. Prepare workpapers and issue final reports based on testing results and track any identified issues through to closure. Work with business partners and stakeholders to promote compliance with AML and Sanctions compliance regulations.

Role reports to Enterprise Compliance Senior Director - AML/Sanctions testing

Key Responsibilities and Duties

• Coordinate with Enterprise Compliance Testing Leader to develop annual Compliance AML and Sanctions Testing plan.
• Execute testing on AML and Sanctions Testing Plan in accordance with the Compliance Testing Standard Operating Procedures (SOP).
• Work with Line of Business and Compliance stakeholders to track open issues through to closure.
• Validate issues submitted for closure.
• Issue final reports based on test work performed.
• Complete all testing timely and in accordance with established standards.
• Update Archer systems, as needed.
  

Educational Requirements

• University (Degree) Preferred

Work Experience

• 3 Years Required; 5 Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
7IC

This position can be located in Chicago, IL; Charlotte, NC; or New York, NY.

Required Qualifications:

• 3+ years experience in Compliance Testing Programs or Audit

Preferred Qualifications:

• 5+ years experience in Compliance Testing Programs or Audit
• 5 - 7+ years experience in Anti-Money Laundering and Sanctions experience.
• Bachelor’s Degree in Accounting or Finance
• ACAMs Certification or ability to receive certification within 6 months of hire
• Experience working with Archer preferred
• Excellent quantitative, analytical and problem solving skills
• Excellent written and oral communication skills
• Able to work independently and with team members at all levels
• Strong organizational and reporting skills
• Ability to work on multiple projects in a fast-paced environment
• CFE Certification preferred

#LI-KD2

Related Skills

Adaptability, Automation, Business Acumen, Compliance Program Management, Critical Thinking, Detail Oriented, Due Diligence, Influence, Innovation, Relationship Management, Risk Monitoring, Strategic Thinking

Base Pay Range: $76,000/yr. - $121,000/yr.

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

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Company Overview

TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. We offer a wide range of financial solutions, including investing, banking, advice and education, and retirement services.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Read more about the Equal Opportunity Law here.

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If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:

Phone: (800) 842-2755

Email: accessibility.support@tiaa.org

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