AML Quality Control Advisor Lead
Company: USAA
Location: Plano
Posted on: May 14, 2022
Job Description:
Purpose of JobAbout USAAUSAA 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, Plano , AML Quality Control Advisor Lead, Other , Plano, Texas
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