AML Quality Control Advisor Lead

Company: USAA
Location: Cornelius
Posted on: May 15, 2022

Job Description:

Purpose of JobAbout USAA
USAA knows what it means to serve. We facilitate the financial security of millions of U.S. military members and their families. This singular mission requires a dedication to innovative thinking at every level.

This is a Hybrid position located within commutable distance in San Antonio TX, Plano TX, Phoenix AZ, Colorado Springs CO, Tampa Campus/ Crosstown FL, Charlotte NC or if not commutable distance: Remote Opportunity.

Promotes Risk-awareness and the overall effectiveness of Risk and compliance management programs, Risk analytics and operations in the business. This role will partner and collaborate with Compliance and Risk Management, as well as Business Operations, IT, Audit Services, and Regulators to support Risk and compliance-based initiatives. Responsible for supporting business leader adherence to the established Risk framework and ongoing supervision of business controls; including, Risk and control self-assessments, identification and evaluation of control effectiveness, identifying control failures, facilitating Risk and compliance remediation, internal and external audits and regulatory exams, and monitoring of the first line of defense to minimize Risk exposures and strengthen the overall control environment. Manages Risk assessment data and identifies key data-driven insights tied to first line of defense.Job RequirementsRole is specific for an individual with an IT background, who is a subject matter expert in understanding IT, self-starter, outstanding problem-solving skills and understands controls/testing of IT controls (design and effectiveness). Within defined guidelines and framework, provides centralized Bank operational support performed by personnel independent from operations, that support the business unit through internal quality process review, and retesting to ensure operational/compliance risks are appropriately identified. As part of first line of defense, leads all aspects of quality standards are implemented in accordance with internal business practices, risk and compliance policies, procedures, and regulatory requirements for Quality Control Management. Reviews and identifies defects or gaps within processes, tracks error trends and documents and or publishes result in appropriate operational system. Communicates findings with internal partners and shares feedback to address issues identified in the review process. Responsible for overseeing timely reviews and ensuring accuracy of quality review results. Ensures quality standards are established in accordance with internal practices and regulatory requirements.Primary Responsibilities:

• Identifies and leads existing and emerging Risks that stem from business activities and the job role.
• Ensures Risks associated with business activities are effectively identified, measured, monitored, and controlled.
• Follows written Risk and compliance policies and procedures for business activities.
• Directs and coordinates multiple initiatives in support of Risk and/or regulatory compliance related initiatives including but not limited to: oversight of procedures/process, accurate regulatory reporting and filing, document governance, Risk control self-assessments, procedure governance, control design, new product controls, CoSA Third Party Governance, or quality governance.
• Applies a comprehensive understanding of Risk and regulatory compliance to includes business strategies and solutions.
• Responsible for first line of defense data analysis, report preparation and trend analysis, applying business intelligence tools.
• Designs solutions for unanswered business questions and anticipates future business needs.
• Directs, organizes and is responsible for action plans designed to enhance governance practices in alignment with Risk and compliance frameworks.
• Influences and develops innovative solutions to mitigate Risk and prevent Risk exposures which result in significant business impacts.
• Leads the most complex projects involving cross-functional areas within the first line of defense.
• Defines and outlines new approaches to problem resolution and leads project team from concept through implementation.
• Advises senior management on the status of their control environment related to Risk identification and control weaknesses.
• Identifies critical areas to monitor and escalates issues and findings to appropriate stakeholders.
• Serves as a primary resource to cross functional team members and advises on Risk mitigation opportunities.
• Stays informed of changes to the regulatory environment to ensure proper compliance with processes and requirements are followed.Minimum Requirements:
  • Bachelor's Degree OR 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.
  • 8 years of experience supporting Risk and/or compliance related activities in a financial services operating environment or other relevant industry Or 8 years of experience in a relevant quantitative discipline Or advanced degree or designation in a Risk management or quantitative discipline, and 6 years of experience supporting Risk and/or compliance related activities Or PhD in a Risk management or quantitative discipline, and 4 years of experience supporting Risk and/or compliance related activities.
  • Knowledge of federal laws, rules, regulations, and applicable guidance to include: OCC Heightened Standards, BSA/AML, REG E, UDAAP/UDAP, TILA/REG Z, SCRA, FCRA, MLAPreferred Experience:
    • Solid knowledge and understanding of control testing.
    • Responsible for overseeing Bank AML control testing as contemplated by the annual plan to ensure timely and quality execution.
    • Identifies and assesses key risks and controls, assesses design of controls as well as operational effectiveness of key and non-key controls.
    • Provides work direction and coaching to team members, including guidance/oversight of testing approach/results.
    • Ability to execute in a fast paced, high demand, environment while balancing multiple priorities.
    • Active CAMS or Equivalent/Desire to obtain Certification
    • 5+ Years of Financial Institution Experience
    • 5+ Years of BSA/AML Background
    • Audit or Quality Control Experience, including Control Testing (Design and Operational Effectiveness).Compensation:USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market position. The salary range for this position is: $106,800-$192,300*.Employees may be eligible for pay incentives based on overall corporate and individual performance or at the discretion of the USAA Board of Directors.*Geographical Differential: Geographic pay differential is additional pay provided to eligible employees working in locations where market pay levels are above the national average.Shift premium will be addressed on an individual basis for applicable roles that are consistently scheduled for non-core hours.Benefits:At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs. Additionally, our career path planning and continuing education assists employees with their professional goals.Please click on the link below for more details.USAA Total RewardsRelocation assistance is NOT available for this position.

Keywords: USAA, Charlotte , AML Quality Control Advisor Lead, Other , Cornelius, North Carolina