AML Sanctions Advisor - Consumer Banking and Retail Distribution
PNC
Position OverviewAt PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company’s success. We are looking to hire an AML Sanctions Advisor within PNC's Enterprise Advisory-Retail team.
Preferred Qualifications:
· 5+ years of experience with AML and Risk & Control Assessments (RSCA's)
· Knowledge and understanding of retail banking and consumer products & services
Job Duties include, but are not limited to:
· Provide critical challenge to the front-line units with respect to activities that could increase PNC’s BSA/AML risk exposure; review and challenge development, frequency and adequacy of Board, Executive and Management-level metrics.
· Independently review, challenge, and provide substantive and actionable guidance on the establishment and maintenance of BSA/AML risk assessment program and individual risk assessments for Retail products and services. Provide customer data and product/service statistics for input to risk assessments as needed.
· Provide independent oversight and challenge to Retail initiatives, RCSA’s, issues, losses, risk assessments (risk reports, Prime Process), Scenario Analysis and other Operational Risk Management and Independent Risk Management Frameworks. Leverage Archer and the Enterprise Risk Hub to assist in monitoring RCSA exceptions and QRM impacting Retail AML.
· Escalate risk & controls program deficiencies to key internal stakeholders and document findings within risk management applications.
· Maintain strong relationships with leadership, 1st Line of Defense Risk, 2nd Line of Defense Risk, and Internal Audit to foster a culture of effective risk management.
· Maintain awareness of red flags associated with potential suspicious activity as well as emerging/changing AML risk typologies and, as appropriate, consider new controls to enhance suspicious activity monitoring. Maintain awareness of expected customer/employee activity and escalate potential suspicious or unusual activity via Suspicious Incident Reports (SIRs).
This position is primarily based in a PNC location. Preferred locations are listed on the posting. Responsibilities require time in the office or in the field on a regular basis. Some responsibilities may be performed remotely, at manager’s discretion.Job DescriptionIn an individual contributor role and advisor on AML and Sanctions Program subject matter specialties, communicates effective enterprise wide and business unit compliance program requirements and implications to comply with the Bank Secrecy Act, AML, USA PATRIOT ACT and Sanctions Program. Activities aim to prevent or identify illegal, unethical, or improper business practices. Provides AML and Sanctions advice and critical challenge to senior staff, lines of business and operational execution areas. Demonstrates ability to constructively challenge conclusions/status quo and credibly influences customers.Updates Compliance policies and procedures as needed. Ensures that Compliance Manuals, Front Office Manuals, policies and procedures accurately reflect current laws, rules, other regulatory requirements and management intent. Coordinates regulatory examinations and inquiries, including the coordination of interviews and information requests from regulatory agencies. Independently challenges analyses, reviews and recommendations.Identifies and helps to define the enterprise wide AML and Sanctions program objectives for assigned line(s) of business, products/services and operational execution areas that may execute program components to comply with the Bank Secrecy Act, AML, USA PATRIOT ACT and Sanctions Program. Serves as an AML and Sanctions subject matter specialist regarding impact on Program design and execution. Communicate and socialize those objectives (from a leadership position) to the business or operational execution points. May lead or coordinate AML and Sanctions Program monitoring reviews.Reviews AML and Sanctions compliance reports and related customer risk profiles. Identifies issues, escalates through proper governance channels as needed, and recommends corrective action plans. Reviews and analyzes assessments of AML and Sanctions risk and internal controls, as appropriate. Analyzes regulatory developments, advises business management of proposed rule changes and provide recommendations. Assists, as appropriate, in updating or implementing new/enhanced processes in order to ensure timely and effective compliance with new regulatory requirements.Support key business initiatives by identifying AML and Sanctions risks and providing resolutions to manage these risks. Provides advice and may participate as a subject matter specialists in developing and/or conducting AML and Sanctions training programs for specific employees. Serves as an AML and Sanctions Program subject matter resource regarding compliance impact on overall business activities, product development and customer activities. Works cooperatively with the business, legal partners, audit and other risk disciplines across the organization.
Preferred Qualifications:
· 5+ years of experience with AML and Risk & Control Assessments (RSCA's)
· Knowledge and understanding of retail banking and consumer products & services
Job Duties include, but are not limited to:
· Provide critical challenge to the front-line units with respect to activities that could increase PNC’s BSA/AML risk exposure; review and challenge development, frequency and adequacy of Board, Executive and Management-level metrics.
· Independently review, challenge, and provide substantive and actionable guidance on the establishment and maintenance of BSA/AML risk assessment program and individual risk assessments for Retail products and services. Provide customer data and product/service statistics for input to risk assessments as needed.
· Provide independent oversight and challenge to Retail initiatives, RCSA’s, issues, losses, risk assessments (risk reports, Prime Process), Scenario Analysis and other Operational Risk Management and Independent Risk Management Frameworks. Leverage Archer and the Enterprise Risk Hub to assist in monitoring RCSA exceptions and QRM impacting Retail AML.
· Escalate risk & controls program deficiencies to key internal stakeholders and document findings within risk management applications.
· Maintain strong relationships with leadership, 1st Line of Defense Risk, 2nd Line of Defense Risk, and Internal Audit to foster a culture of effective risk management.
· Maintain awareness of red flags associated with potential suspicious activity as well as emerging/changing AML risk typologies and, as appropriate, consider new controls to enhance suspicious activity monitoring. Maintain awareness of expected customer/employee activity and escalate potential suspicious or unusual activity via Suspicious Incident Reports (SIRs).
This position is primarily based in a PNC location. Preferred locations are listed on the posting. Responsibilities require time in the office or in the field on a regular basis. Some responsibilities may be performed remotely, at manager’s discretion.Job DescriptionIn an individual contributor role and advisor on AML and Sanctions Program subject matter specialties, communicates effective enterprise wide and business unit compliance program requirements and implications to comply with the Bank Secrecy Act, AML, USA PATRIOT ACT and Sanctions Program. Activities aim to prevent or identify illegal, unethical, or improper business practices. Provides AML and Sanctions advice and critical challenge to senior staff, lines of business and operational execution areas. Demonstrates ability to constructively challenge conclusions/status quo and credibly influences customers.Updates Compliance policies and procedures as needed. Ensures that Compliance Manuals, Front Office Manuals, policies and procedures accurately reflect current laws, rules, other regulatory requirements and management intent. Coordinates regulatory examinations and inquiries, including the coordination of interviews and information requests from regulatory agencies. Independently challenges analyses, reviews and recommendations.Identifies and helps to define the enterprise wide AML and Sanctions program objectives for assigned line(s) of business, products/services and operational execution areas that may execute program components to comply with the Bank Secrecy Act, AML, USA PATRIOT ACT and Sanctions Program. Serves as an AML and Sanctions subject matter specialist regarding impact on Program design and execution. Communicate and socialize those objectives (from a leadership position) to the business or operational execution points. May lead or coordinate AML and Sanctions Program monitoring reviews.Reviews AML and Sanctions compliance reports and related customer risk profiles. Identifies issues, escalates through proper governance channels as needed, and recommends corrective action plans. Reviews and analyzes assessments of AML and Sanctions risk and internal controls, as appropriate. Analyzes regulatory developments, advises business management of proposed rule changes and provide recommendations. Assists, as appropriate, in updating or implementing new/enhanced processes in order to ensure timely and effective compliance with new regulatory requirements.Support key business initiatives by identifying AML and Sanctions risks and providing resolutions to manage these risks. Provides advice and may participate as a subject matter specialists in developing and/or conducting AML and Sanctions training programs for specific employees. Serves as an AML and Sanctions Program subject matter resource regarding compliance impact on overall business activities, product development and customer activities. Works cooperatively with the business, legal partners, audit and other risk disciplines across the organization.
PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:
Customer Focused - 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.Managing Risk - Assessing 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.QualificationsSuccessful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.
Preferred SkillsCompliance Reporting, Customer Risk, Decision Making, Regulatory Requirements, Risk Assessments, Risk Control, Strategic ObjectivesCompetenciesAccuracy and Attention to Detail, Anti-money Laundering/Sanctions Policies and Procedures, Audit And Compliance Function, Auditing, Fraud Management, Internal Controls, Problem SolvingWork ExperienceRoles at this level typically require a university / college degree, with 5+ years of industry-relevant experience. Specific certifications are often required. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.EducationBachelorsCertificationsNo Required Certification(s)LicensesNo Required License(s)BenefitsPNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives.In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 8 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.To learn more about these and other programs, including benefits for full time and part-time employees, visit Your PNC Total Rewards.
Disability Accommodations StatementIf an accommodation is required to participate in the application process, please contact us via email at AccommodationRequest@pnc.com. Please include “accommodation request” in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call 877-968-7762 and say "Workday" for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.
PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.
Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.
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