AML & Sanctions Compliance Testing Manager

Essential Duties and Responsibilities

• Designs and executes AML & Sanctions compliance testing plans, including sampling methodologies and risk-based test scripts to assess adherence to regulatory requirements and internal policies.
• Evaluates the effectiveness of AML & Sanctions controls, transaction monitoring processes, and suspicious activity reporting procedures through independent testing.
• Prepares detailed reports of AML & Sanctions testing results, including findings, root cause analysis, and recommendations for remediation.
• Monitors corrective actions taken to address identified issues and ensures timely resolution.
• Collaborates with AML & Sanctions compliance leadership to ensure testing aligns with regulatory expectations and industry best practices.
• Researches AML & Sanctions regulatory requirements, emerging risks, and industry best practices to inform testing scope and procedures.
• Reports AML & Sanctions testing results, trends, and remediation progress to compliance and business management.
• Supports external AML audits and regulatory reviews by providing testing documentation and results.
• Coaches, trains, and mentors less experienced compliance testers on testing methodologies and regulatory expectations.
• Prepares and delivers testing reports and presentations to senior management, highlighting findings and recommendations.
• Performs other duties and responsibilities as assigned.

• AML regulatory framework (BSA, USA PATRIOT Act, OFAC, FinCEN guidance) and global standards (FATF recommendations).
• AML program components, including Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), transaction monitoring, and suspicious activity reporting.
• Risk-based testing methodologies and internal control frameworks.
• Concepts, practices, and procedures of securities industry and/or banking compliance reviews.

• Designing and executing compliance testing plans.
• Analyzing processes and identifying control gaps.
• Drafting clear, actionable testing reports and communicating findings to stakeholders.
• Coordinating complex compliance testing activities and managing multiple engagements.

• Apply AML & Sanctions regulatory requirements to testing scenarios.
• Work independently to manage multiple testing engagements.
• Influence remediation efforts through strong analytical and communication skills.
• Partner with other functional areas to accomplish objectives.
• Maintain confidentiality and stay current on AML & Sanctions regulatory changes and best practices.

Bachelor’s degree (B.A./B.S.) and a minimum of six (6) years of experience in Compliance and/or the financial services industry preferred.

~or~

Any equivalent combination of experience, education, and/or training approved by Human Resources.

• Certified Anti-Money Laundering Specialist (CAMS) certification required, or ability to obtain CAMS certification within six months of hire.
• Additional licenses/certifications demonstrating the candidate’s knowledge/expertise in industry regulation and concepts preferred.