Sr. AML Testing Analyst – Regulatory Testing
Full time @TD BANK posted 10 hours ago in Information Technology (IT) Shortlist Email JobJob Detail
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Job ID 19650
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Experience 4 Years
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Qualifications Degree Bachelor
Job Description
“Job Description:
The Financial Crime Risk Management (FCRM) Testing Team sits within the second line of defense and conducts design and operating effectiveness testing of AML/ATF, Sanctions, and ABAC controls (collectively referred to as “”FCRM Controls””) Enterprise-wide.
The Pre-Completion Testing (PCT) Team within FCRM Testing is responsible for the review of Regulatory Issues to verify and validate that the appropriate remedial actions have been taken to address the issues raised. The pre-completion testing is done at the design and operating effectiveness level prior to final submission to Internal Audit.
Depth & Scope:
Independently execute testing of remedial work related to Regulatory Issues. (e.g., planning, sampling, evaluation, issue identification)
Develops testing documentation and results reporting in-line with requirements
Understands the Banks financial crimes obligations and requirements and effectively applies that understanding in the execution of their work
Understands the use of controls for managing financial crimes risk and applies this understanding to independently evaluate controls effectiveness and develop recommendations for enhancement
Job Requirements:
University degree or equivalent work experience
Relevant professional designations and/or certifications preferred (ex. CAMS)
4+ years of relevant experience working in a challenge function (e.g., Internal Audit, ORM, Risk Oversight) within the financial services industry
In depth knowledge of AML/ATF regulations (PCMLTFA and associated Regulations), financial crime typologies, and control frameworks
Strong interpersonal skills to facilitate working with business unit, FCRM advisory, senior management, and business partners at all levels.
Customer Accountabilities:
Execute testing engagement work in accordance with established standards to achieve completion within targeted timelines
Conduct analytical research and analysis as part of the assigned testing objectives
Work collaboratively with key partners throughout the testing engagement
Stemming from testing findings, present objective and independent opinion on the adequacy of remedial work in accordance with regulatory and internal requirements.
Provide subject matter expertise on FCRM controls and processes and/or input to projects/initiatives as a representative for area of the FCRM testing function
During the execution of testing activities, proactively identify matters which require additional attention, further escalation, or review, and liaise with the appropriate groups to resolve.
Shareholder Accountabilities:
Prioritize and manage own workload to deliver quality results and meet assigned timelines
Contribute to the analysis, due diligence, and implementation of initiatives within defined area of responsibility
Adhere to internal policies, standards and procedures, methodologies, and applicable regulatory requirements to contribute to the review of internal processes and activities and assist in identifying potential opportunities to improve FCRM controls
Understand the operations of the business unit/area being tested and to identify potential FCRM risks and apply information to complete a quality, risk-based engagement
Clearly and concisely document research as required to understand requirements specific to an engagement
Actively manage relationships within and across various business lines, corporate and/or control functions, and ensure alignment with enterprise and/or regulatory requirements
Provide analysis on issues and effectively communicate results to FCRM Testing management and the client
Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite
Employee / Team Accountabilities :
Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensure timely communication of issues/ points of interest
Provide thought leadership and/ or industry knowledge for own area of expertise in own area and participate in knowledge transfer within the team and business unit
keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques
Required skills
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