Business Control Monitoring Associate
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Job Description
Description
Business Control Monitoring Associate- BSA/AML is responsible for supporting the business unit in identifying, assessing, and mitigating risks related to BSA/AML compliance. This role operates within the First Line of Defense and works closely with business stakeholders to ensure appropriate controls are in place to prevent, detect, and report money laundering and other financial crimes in alignment with regulatory expectations and internal policy.
- Serve as a risk and control partner to the business for BSA/AML-related processes
- Identify and assess AML risks inherent in products, services, customers, and geographies
- Support execution of risk and control self-assessments (RCSAs), control testing, and issue remediation
- Monitor key risk indicators (KRIs) and assist in implementing controls to mitigate risk exposures
- Partner with Compliance and the Second Line of Defense to ensure adherence to the framework and regulatory guidance
- Support operational teams in ensuring controls (e.g., CIP, CDD, EDD, transaction monitoring) are effective and embedded in day-to-day activities
- Participate in risk governance forums and provide reporting on risk and control metrics
- Assist in internal and external audit or regulatory exams
Requirements
- Bachelor's degree in Finance, Risk Management, Business, or a related field
- 5+ years of experience in financial services, preferably in a risk or compliance role with exposure to BSA/AML
- Familiarity with key AML concepts (CIP, CDD, EDD, OFAC, transaction monitoring, SARs)
- Strong understanding of risk and control frameworks in the first line
- Excellent communication, analytical, and organizational skills
- CAMS certification a plus
Key Competencies
- Excellent analytical, problem-solving, and critical thinking skills
- Influential communicator with cross-functional leadership skills
- Change management and program governance expertise
- Strong regulatory awareness and risk acumen
Benefits
- 401K
- Health Insurance
- Dental Insurance
- Vision Insurance
- Health Savings Account
- Flexible Spending Account
- Employee Assistance Program
- Paid Time Off
Automate your job search with Sonara.
Submit 10x as many applications with less effort than one manual application.