Financial Crimes Quality Assurance Analyst

This is a fully remote position, open to applicants in Arizona, +5 more states.

📋 Description

• Conduct thorough QA assessments of 2LoD casework, memos, and decisions to determine:

• Accuracy and completeness

• Suitability of risk-based judgments

• Compliance with internal standards and regulatory expectations

• Assess the quality of 2LoD oversight, including the proper identification, escalation, and resolution of issues

• Recognize inconsistencies in decision-making and deficiencies in challenge or governance

• Execute horizontal reviews across 2LoD outputs to pinpoint:

• Systemic weaknesses in oversight practices

• Patterns of ineffective challenge or missed escalation opportunities

• Discrepancies in policy interpretation

• Generate insights into emerging risks and control blind spots within 2LoD

• Aid in the creation and upkeep of QA methodologies tailored to 2LoD activities, which include:

• Test scripts customized for oversight and challenge functions

• Defect taxonomy concentrating on governance, escalation, and decision quality

• Scoring frameworks to evaluate the effectiveness of 2LoD outputs

• Ensure a clear distinction between 1LoD execution errors and 2LoD oversight shortcomings

• Document QA findings with a clear expression of:

• Deficiencies in 2LoD oversight, challenge, or governance

• Root causes and their effects on risk management effectiveness

• Assign severity ratings based on risk exposure and regulatory ramifications

• Monitor and confirm the remediation of identified issues within Compliance

• Provide independent challenge within the 2LoD function, ensuring high standards of oversight and accountability

• Support regulatory examinations by showcasing the effectiveness and rigor of 2LoD oversight and QA practices

• Identify opportunities to improve 2LoD QA through:

• Standardization of oversight practices

• Improved documentation and governance protocols

• Utilization of data analytics to uncover anomalies or inconsistencies in 2LoD outputs

⛳️ Requirements

• Bachelor’s degree in Finance, Business, Risk Management, or a related field

• 3–7+ years of experience in Financial Crimes (AML, Sanctions, Fraud), with direct involvement in:

• 2LoD Compliance / Financial Crimes oversight, or

• Quality Assurance / Testing of Financial Crimes functions

• Strong understanding of:

• BSA/AML and sanctions regulatory requirements

• 2LoD roles and responsibilities within a three lines of defense framework

• Financial crime risk management frameworks and governance practices

• Experience in reviewing complex financial crime cases and providing oversight or challenge

• Exceptional analytical and judgment capabilities

🏝️ Benefits

• Health insurance

• 401(k) retirement benefits

• Life insurance

• Disability benefits

• Paid time off

• Annual performance-based incentive opportunity