AFC Modelling – Model Governance – Regulatory & Exam Management – Assistant Vice President

Resource Solutions
June 21, 2022
Jacksonville, FL
Job Type


Job Description:

Job Title: AML Transaction Monitoring - Regulatory and Exam Management

Corporate Title: Assistant Vice President

Location: New York, NY


The purpose of the AFC Modeling team is to ensure that the systems used by the Bank for anti-money laundering (AML) are in accordance with the legal and regulatory framework within the Americas and to escalate issues or concern to AML management in a timely manner. This includes the manual escalations from multiple areas such as the Business Intelligence Unit (BIU), Anti-Bribery & Corruption Team (ABC), Business Line AML, and any unusual activity reports.

What We Offer You:

  • We offer competitive health and wellness benefits, empowering you to value life in and out of the office
  • Retirement savings plans, parental leave, and other family-friendly programs
  • An environment that encourages networking and collaboration across functions and businesses
  • Active engagement with the local community through the Bank’s specialized employee groups

Return to Office:

At this time, all individuals present in the location must be fully vaccinated for Covid-19

  • It is the Bank’s expectation that employees hired into this role will work in the New York office in accordance with the Bank’s hybrid working model
  • The Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion

Your Key Responsibilities:

  • Coordination of exam activities (pre, during, and post the reviews)
  • Create materials for regulatory agencies (regional and global), including the FRBNY, DFS, SEC, BaFin, and monitors appointed by the regulators
  • Participate in regulator, monitor, and audit meetings and site visits
  • Execute escalation protocol for aging or significant exam observations and findings with proper tracking and documentation to evidence management attention and resolution within AFC modeling
  • Provide periodic and centralized updates to regional and global senior management to promote transparency on status of open issues including tracking and aging
  • Liaise with internal regulatory/exam management group during examinations to ensure proper coverage of regulatory deliverables

Your Skills and Experience:

  • Bachelor’s Degree or equivalent; MBA a plus
  • Extensive AML, exam management, audit, or other relevant experience
  • Knowledge of applicable AML/AFC laws/regulations and guidance from Bank Secrecy Act (BSA), USA PATRIOT Act, FED, NYDFS, SEC, FINRA, FFIEC, BaFin, et cetera
  • Experienced in interactions with regulatory authorities, with a seasoned knowledge of regulatory expectations and industry standards
  • Ability to act decisively and manage multiple projects simultaneously

Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.

We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

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