Risk Assessment - Control Officer Associate

Last updated an hour ago
Job Type:Full Time

The Annual AML/OFAC Risk Assessment Program addresses our need for a complete assessment of the Bank’s BSA/AML methodology for identifying and quantifying the level of BSA/AML risk and the adequacy of controls. The program includes obligations to the Office of the Comptroller of the Currency (OCC) the Federal Reserve Board (FRB) and other legal entities both domestic and international who regulate our businesses.

The cornerstone of a strong Anti-Money Laundering (AML) and OFAC Sanctions Program is the adoption and implementation of internal controls. This includes comprehensive governance, Know Your Customer policies/standards/procedures, Screening Transaction Monitoring, Annual AML/OFAC Sanctions Risk Assessment, and New/Expanded Business Approvals (NBIA) for all customers, and particularly those that present a higher-risk for money laundering, terrorist financing or other financial crimes. The requirement that a financial institution comply with these components of BSA/AML regulations, and the risks they present, is basic and fundamental to the development and implementation of an effective AML /OFAC Sanctions compliance program.

Position Responsibilities:

  • Meet various objectives and deliverables of the Annual Risk Assessment long term strategy and goals
  • Adhere to a robust auditable governance process and artefacts to ensure accurate and timely delivery of all Program obligations for CIB. This will include updates to SharePoint, Shared drive libraries and maintenance
  • Contribute to the provision of required project reporting and analysis for CIB CAO Management and the CIB Risk Assessment Internal PMO
  • Play an active role in the rating change control process involving tracking, reconciliation and submission of change controls and rationales to Corporate
  • Prepare analysis on quantitative data to complete risk profiles for each Risk Assessment unitHelp maintain a process and documentation to ensure strong controls over the identification, communication, escalation and resolution of key Risks and Issues throughout the life the program
  • Support elements of the plan, tracking progress and supporting the businesses and regions in their local level reporting and management for country and Legal entity reports
  • Participate in UAT for various survey and reporting tools, and document findings


  • A proven self starter with demonstrable analytical traits to make effective decisions around the Annual Risk Assessment program
  • A very good level of understanding and experience of Proven Project Management roles culminating in the successful and timely implementation of complex projects
  • Excellent communication, influencing and negotiation skills with the ability to lead, establish and communicate at all levels (including LOB Heads)
  • Proven ability to operate effectively in a matrix organization
  • Accountability for ensuring activities and deliverables are reviewed for accuracy and completion, information is validated, and tasks driven to timely completion
  • Strong understanding of CIB Business and Product offering
  • Well organized, detail oriented, process driven and aligned, ability to multitask
  • Strong time management skills
  • A willingness to tackle problems and exert influence to achieve objectives