Anti-Money Laundering - Compliance Advisor Manager

West Creek 3 (12073), United States of America, Richmond, Virginia
Anti-Money Laundering - Compliance Advisor Manager
The Anti-Money Laundering (AML) Fraud Compliance Advisor Manager performs a key risk management role (second line of defense), to help ensure corporate initiatives and lines of business processes comply with applicable AML laws and regulations. While working within the Compliance Management Program framework, the Compliance Advisor Manager is responsible for providing AML compliance advice to lines of business and the AML Fraud investigations group as a subject matter expert, and executing or participating in corporate processes.
The Compliance Advisor Manager supports the line of business by:

• Providing input on business AML regulatory requirements;
• Providing guidance on business policies, standards, and procedures;
• Leading and reviewing department training, as appropriate;
• Providing AML compliance advice on complex projects;
• Providing guidance on controls over regulatory AML requirements and line of business monitoring of those controls;
• Performing targeted tests on lines of business controls and provide guidance on identified risks
• Partner with other second line of defense functions, such as Enterprise External Fraud, to provide effective challenge to lines of business on the design and execution of their fraud programs

Responsibilities:

• Review issues generated by lines of business and provide guidance on remediation; escalate and facilitate with subject matter experts, when necessary
• Identify trends in data and advise on identified AML compliance emerging risks
• Maintain subject matter expertise of applicable AML laws and regulations and fraud trends and typologies
• Maintain expert understanding of Compliance Risk Management Framework and applicable laws and regulations
• Perform and review control assessments executed by peers for accuracy and adherence to test procedures
• Evaluate Internal Audit, Regulatory Exam, and self identified issues and events for AML compliance impacts
• Provide effective challenge and guidance on AML compliance risks and support lines of business through execution of large initiatives, such as new product launches and mergers, as well as regular interactions and forum engagements
• Advise lines of business on application of AML compliance requirements, such as: new products, process development, development of controls and monitoring, remediation/corrective action of compliance breakdowns, and change in law or regulation
• Assist lines of business in the development and maintenance of the Compliance Program, such as how to monitor, report, and train
• Support lines of business through expert advice, influencing adjustments to the processes, procedures, and controls
• Conduct targeted validations and reviews on controls over applicable AML regulations
• Active involvement with compliance testing and third party compliance
• Assist in capturing, maintaining, and analyzing compliance data, interpreting it to ensure consistency and adequate compliance risk management
• Flexibility to periodically travel to various Capital One locations, as necessary

Basic Qualifications:

• Bachelor's Degree or military experience
• At least 5 years of fraud or Anti-Money Laundering (AML) experience, or in an audit or legal role supporting fraud or AML
• At least 5 years of experience supporting, partnering, and interacting with internal business clients

Preferred Qualifications:

• 3 years of experience with credit card fraud or auto lending fraud
• 5 years of experience in an advisory or consultant capacity
• 7 years of fraud or Anti-Money Laundering (AML) experience, or in an audit or legal role supporting fraud or AML
• Certified Fraud Examiner (CFE), Certified Regulatory Compliance Manager (CRCM), Association of Certified Financial Crime Specialists (CFCS), or Association of Certified Anti-Money Laundering Specialists (ACAMS) certification

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
New York City (Hybrid On-Site): $147,800 - $168,700 for Compliance Advisor Manager
Illinois (Hybrid On-Site): $137,800 - $157,300 for Compliance Advisor Manager
Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.
This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.
Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website . Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
This role is expected to accept applications for a minimum of 5 business days.
No agencies please. Capital One is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.
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Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).