At PNC, the business problem is to implement and oversee Anti-Money Laundering (AML) and Sanctions Programs to prevent illegal, unethical, or improper business practices, ensuring compliance with regulations like the Bank Secrecy Act, USA PATRIOT ACT, and Sanctions Program requirements.
Requirements
- Minimum of 1-3 years of investigative or related KYC work experience with specific emphasis on BSA/AML and Sanctions red flags preferably in the financial services industry.
- Minimum 2 years of direct Quality Control (QC)/Quality Assurance (QA) experience preferred
- Ability to perform QA reviews of KYC files created by Relationship Managers/onboarding teams to determine if the information provided is accurate and in accordance with the quality standards established by Bank policies, procedures and regulatory requirements.
- Ensure customer data, business activity, narratives, documents, and other case determinations are accurate, appropriate, reasonably supported, and clearly documented.
- External research in some cases may be required to reach such conclusions.
- Ability to develop presentation deck to deliver the previous month's QA results and findings
- Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
Responsibilities
- Implements business unit Anti-Money Laundering (AML) and Sanctions Programs to prevent illegal, unethical, or improper business practices.
- Assists in the execution and oversight of activities to comply with the Bank Secrecy Act, AML, USA PATRIOT ACT and Sanctions Program requirements.
- Update AML and Sanctions policies and procedures as needed.
- Ensure that Compliance Manuals, Front Office Manuals, policies and procedures accurately reflect current laws, rules, other regulatory requirements and management intent.
- Identify and define the AML and Sanctions objectives for assigned line of business, products/services and applicable regulations.
- Coordinate AML and Sanctions compliance monitoring and oversee preparation of compliance reports.
- Prepares AML and Sanctions compliance reports and/or customer risk profiles.
Other
- This position may not be available in all geographic locations and is a full-time in office role.
- Excellent written and verbal communications skills including communicating exceptions identified with the COOs and other front line stakeholders.
- Ability to work independently and be able to multi-task, adapt well to changing priorities and effectively prioritize workflow to meet critical deadlines.
- PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.
- Assesses and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.
