Compliance Testing Senior Manager

Employer
Capital One
Location
New York, New York, United States
Posted
Jan 20, 2023
Closes
Jan 26, 2023
Ref
R162049
Function
Finance
Hours
Full Time
NYC 299 Park Avenue (22957), United States of America, New York, New York

Compliance Testing Senior Manager

The Compliance Testing Senior Manager performs a key second line of defense role, to help ensure corporate initiatives and departmental processes comply with Anti-Money Laundering and Sanctions regulations. The Compliance Testing Senior Manager will be responsible for overseeing the AML Transaction testing team and performing quality assurance on testing executed. This role is an extremely collaborative role, which requires interactions with stakeholders and accountable executives across the AML program and first line of defense functions.

Compliance Testing Senior Manager will support the program by:

  • Leading the development, management, and execution of the AML Compliance Transaction (ICTT) calendar
  • Managing the testing process from review of regulatory requirements to developing test scopes; & control coverage
  • Performing management reviews and challenge for completed tests
  • Providing thought leadership in second line of defense risk identification processes
  • Aligning resources to ensure timely and accurate test execution;
  • Ensuring teams have tools, training and access to information needed to execute testing effectively
  • Communicating changes in testing procedure or processes with senior management and testing team


Responsibilities:
  • Manage and develop team of Compliance testers
  • Ensure compliance and risk management testing processes are executed in accordance with relevant procedures & expectations
  • Manage staffing assignments to ensure successful completion of calendar commitments
  • Review effectiveness of testing process and tools; drive improvements through influencing partners to ensure high quality testing activities, results, and compliance with the CCR methodology
  • Provide training and education to peers and team on ICTT methodology, processes, and tools
  • Establish and maintain strong relationships with Compliance Advisors, risk management, the compliance testing oversight group, and relevant business areas across first- and second-line functions.
  • Create Monthly Test Result Reports for AML executives, senior compliance officers, and provide inputs to AML MBR and QCR.
  • Elevate substantive issues arising in testing to senior management
  • Oversee and manage responses for business area audits or exams, as appropriate


Basic Qualifications:

  • Bachelor's degree or Military Experience
  • At least 5 years of experience in accounting, audit, or compliance, in the financial services field
  • At least 3 years of people management experience


Preferred Qualifications:
  • 7 years of financial services consumer compliance monitoring experience, or 8 years of auditing experience, or 8 years of compliance testing experience, specifically within financial services
  • 7 years of people management experience
  • Experience developing testing programs and test scripts
  • Understanding of data analytics tools and concepts
  • CRCM, CAMS and/or CIPP certification, or willingness to pursue


At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Location is New York City: $167,187 - $197,243 for Compliance Testing Sr. Manager

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website . Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).