Bank Secrecy Act (BSA) Quality Assurance (QA) & Testing Manager

About NRI (Nomura Research Institute):

Founded in 1965, NRI is a leading global provider of system solutions and consulting services, including strategy, management consulting, system integration, and IT management and solutions for the manufacturing, financial, energy, infrastructure, healthcare and life science, retail and service industries. Clients from all layers of these individual industries partner with NRI to tap NRI’s research expertise and innovative solutions across the organization to expand businesses, design corporate structures and create new business strategies.

Job Role (BSA QA & Testing Manager):

The BSA QA & Testing Manager is responsible for administering the BSA QA and Testing program and reviewing financial crimes compliance functions (BSA/AML/OFAC). The BSA QA & Testing Manager reports to the BSA Officer and supports all areas of the financial crimes compliance program, including but not limited to governance, transaction monitoring, customer risk rating, model risk management, regulatory reporting, and customer screening.

Essential Job Functions:

• the BSA QA & Testing Framework, to include (i) developing test scripts and supporting materials (e.g., procedures, job aids, training, etc.); (ii) performing quality assurance and testing reviews; (iii) assisting in the preparation of testing results, metrics and reports; and (iv) ensuring test scripts remain current with changes in regulations, policies, and procedures.
• and update, on at least an annual basis, the BSA QA & Testing Annual Plan.
• and maintain BSA QA and Testing policy, procedures, and related program documentation.
• in-depth knowledge and experience to ensure testing activities and work papers adhere to standards and quality expectations.
• with First Line of Defense Compliance and Operations functions to support QA/quality control functions that impact the financial crimes compliance program.
• QA and testing reviews on the financial crimes compliance program in accordance with the annual plan as well as ad hoc reviews, as necessary.
• testing results and summarize results, including root cause analysis, to make recommendations for identified deficiencies, training and procedure/program enhancements, as needed.
• the process to identify, document, and address the remediation of findings or exceptions.
• with Third Line of Defense (i.e., Internal Audit) and risk/model validation teams to support BSA, AML and OFAC-related reviews.
• special projects and additional duties and responsibilities, as required.

Basic Candidate Qualifications:

• Bachelor’s degree (B.A. / B.S.) required; postgraduate degree preferred.
• Minimum eight (8) years BSA/AML/Sanctions experience required, with at least four (4) years’ QA, quality control, testing or audit experience.
• Professional certifications preferred (i.e., CAMS, CFE, CIA).
• Experience with automated transaction monitoring/sanctions screening systems and/or case management systems.
• Strong working knowledge of Excel, Word, and PowerPoint.
• Subject matter expertise in BSA, AML, OFAC, CIP, CDD, EDD, and other BSA regulatory requirements.
• Knowledge of a broad range of banking products and services (experience with Fiserv products a plus) and key operational processes.
• Ability to interact with, communicate and present to executive management, business and operational partners, peers, and other stakeholders (such as regulators and audit staff).
• Ability to understand and draw conclusions from testing conducted and work constructively with internal and external stakeholders to execute program goals.