Join us as the Risk Assessment (RA) Associate to support the execution of the annual AML & Sanctions Risk Assessment for the Commercial & Investment Bank.
As a CIB RA Associate, you'll support the execution of the annual AML & Sanctions Risk Assessment for the Commercial & Investment Bank. You will be responsible for assisting in the identification, evaluation, and reporting of financial crimes risks and controls across CIB business lines, products, services, transactions, and geographies. You will collaborate with stakeholders across the first and second lines of defense to ensure the accuracy, completeness, and timely delivery of risk assessment reports and related activities.
Job responsibilities
* Support the annual risk assessment process for CIB, including data collection, analysis, and documentation of inherent risk, control environment effectiveness, residual risk, and point-in-time status.
* Assist in the preparation and review of CIB-specific risk assessment reports, ensuring alignment with firmwide methodology and regulatory requirements.
* Participate in the identification and mapping of higher-risk customers, products, services, transactions, and geographies.
* Contribute to the preparation and distribution of risk assessment results to senior management and relevant stakeholders.
* Assist in the execution of Quality Control Reviews (QCR) for CIB risk assessment reports, ensuring accuracy and consistency.
* Maintain and update risk assessment templates, trackers, procedures and supporting documentation in accordance with record retention standards.
* Stay current on regulatory developments, industry best practices, and internal policy changes impacting AML & Sanctions risk assessment.
Required qualifications, capabilities and skills
* Bachelor’s degree or equivalent experience
* Relevant years of experience in financial services industry with background in controls, audit, quality assurance, operational risk management, or compliance preferred; or equivalent subject matter expertise in a relevant business related function/operation
* Familiarity with AML, Sanctions, and financial crimes risk management frameworks and regulatory requirements.
* Strong analytical skills, with experience in data analysis and reporting.
* Excellent written and verbal communication skills; ability to summarize complex information for senior audiences.
* Detail-oriented, organized, and able to manage multiple priorities in a fast-paced environment.
* Proficiency in Microsoft Office Suite (Excel)
Preferred qualifications, capabilities and skills
* Experience with Alteryx
* Experience with risk assessment tools and systems (e.g., CORE, RADS)
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