VP, Enhanced Due Diligence - Major Diversified Banking Company (New York, NY) in Manhattan, New York For Sale

The AML Group is a core risk function within Capital One s Corporate Compliance Department. Led by the Chief AML OFAC Officer, who reports to the Chief Compliance Officer, the AML Group serves as both a first and second line of defense. The AML Group is responsible for the company s money laundering and economic sanctions risk management programs, which includes: Conducting Money Laundering and Economic Sanctions Risk Assessments; Providing oversight and execution of an inventory of applicable laws and regulations, policies, standards, procedures, training, and lessons learned from regulatory and enforcement trends as well as internal and external events; Providing guidance and advice to lines of business on: i) risks associated with higher risk customers, transactions, products, services and geographies, ii) compliance requirements and related controls, and iii) regulatory expectations and/or industry practices; Conducting enhanced due diligence, economic sanctions screening, AML transaction and account monitoring, currency activity reporting, suspicious activity investigations and filings; Providing oversight and execution of AML transaction and account monitoring surveillance, and economic sanctions screening systems including model governance, rules and parameters, tuning, optimization, and analytics; Providing coordination and oversight of related regulatory examination and audit activities; and Reporting and escalation to management, the Board and various committees. Capital One seeks to recruit an experienced AML compliance professional and proven leader to serve in the role of the Vice President of EDD. This executive is responsible for providing subject matter expertise, and guidance and advice relating to high risk clients, products, services and/or geographies in accordance with Federal Financial Institutions Examination Council guidance and Capital One Financial Corporation s (COF) AML Program to assure compliance with the BSA/USA PATRIOT Act, as well as with other applicable international laws and regulations, to mitigate AML risk. Responsibilities: The Vice President of EDD will report directly into the Vice President of AML Advisory. This role entails overseeing and managing the EDD team, which is responsible for, amongst other things: Providing oversight and administration of enhanced due diligence policies and procedures; Conducting enhanced due diligence on higher risk clients at onboarding and ongoing, periodic basis; Providing support and guidance concerning EDD requirements and related controls; Executing a robust customer risk rating that adequately addresses client risk at onboarding and throughout the duration of the client relationship; Coordinating the delivery of targeted AML training relating to high risk clients, products, services and/or geographies; and Escalating and reporting of high risk or high profile matters to the Chief AML OFAC Officer, and VP of AML Advisory; The Person: The successful candidate will be a seasoned AML compliance professional with proven ability to operate effectively in a complex, highly-regulated, and evolving environment. He or she will have a demonstrated ability to develop a vision, drive and manage the execution of that vision, and deliver top-tier results. The successful candidate will also exhibit excellent leadership skills to leverage the capabilities of the team, their peers, business partners and other stakeholders, and should possess the confidence and poise to influence the AML senior leadership team and various external stakeholders. Strong business judgment, analytical acumen, and communication skills are essential. Similarly important are an attention to detail, good team dynamics, and an ability to work independently as needed. Specific candidate competencies include, but are not limited to: Deep AML compliance expertise, with a broad emphasis on general banking activities to include commercial and retail banking, credit cards, and mortgage and auto lending; Exceptional leadership skills, marked by poise, positive influence and the ability to drive change; Proven ability to develop and leverage a strong team; Strong ability to identify, assess, and address AML compliance concerns and issues; Exceptional analytical skills; Demonstrated ability to employ judgment and experience to make thoughtful, balanced decisions; Highly developed interpersonal, presentation, and communications skills (written and oral); A management style that is collaborative, energetic, results-oriented, and innovative; Demonstrated management skills, including budget management, associate recruitment and development, and performance management; and Sound planning, execution, and project management skills. Qualifications Basic Qualifications: Bachelor s Degree from an accredited college or university. Preferred Qualifications: Master s degree or Juris Doctor from an accredited college or university. At least 10 years of AML compliance experience in a regulated financial institution. At least 5 years of executive management or leadership experience related to compliance or risk management. Must have intermediate to advanced knowledge of MS Excel, including pivot tables. Excellent organizational, analytical and communication skills. Prior experience in financial services industry. Prior experience managing a team. Strong writing, analytical and communication skills. In-depth knowledge of the BSA/USA PATRIOT Act and other international anti-money laundering laws and regulations, FFIEC guidance and be well versed in AML emerging trends. Experience in utilizing research/investigative databases and software applications to conduct EDD. Experience working for, or interacting with, regulators (OCC, FRB, FINRA, state banking regulators, OSFI, FCA). Professional compliance certifications (e.g., CRCM, CAMS, Series 7) Capital One is an equal opportunity employer committed to diversity in the workplace. Capital One promotes a drug-free workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, religion, national origin, protected veteran status, or disability status. At this time, Capital One will not sponsor a new applicant for employment authorization for this position. No agencies please.
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