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Role Summary/Purpose:
Reporting to the VP, AML Sanctions, this position provides watchlist screening compliance support and expertise to business units and Management. Responsible for various activities associated with assigned watchlist screening laws and regulations to ensure compliance with those regulations and other related legal requirements.
JOB_POSTING-3-73899-6
Job Description
Role Summary/Purpose:
Reporting to the VP, AML Sanctions, this position provides watchlist screening compliance support and expertise to business units and Management. Responsible for various activities associated with assigned watchlist screening laws and regulations to ensure compliance with those regulations and other related legal requirements.
Our Way of Working
We’re proud to offer you choice and flexibility. At Synchrony, our way of working allows you to have the option to work from home, near one of our Hubs or come into one of our offices. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events.
Essential Responsibilities
- Act as the subject matter resource on Sanctions related laws and regulations, and internal policies and procedures.
- Participate in the Annual Sanctions Risk Assessment
- Participate in Risk Assessment trigger event reviews.
- Function as Technical Model Owner for Finscan which is a Tier 1 model.
- Act as subject matter expert for Sanctions/Watchlist model.
- Maintain awareness of OFAC/Sanctions regulatory developments impacting the Bank and make recommendations to mitigate any identified risk.
- Provide consultation on Sanctions matters to business units and other compliance colleagues.
- Review and recommend changes to sanctions compliance procedures, job aids and process maps.
- Participate in PRC/PRCSA/RAQ review and maintenance process to ensure Sanctions risks and controls are properly documented.
- Oversee various Quality Control/Quality Assurance (“QC”) reviews and/or oversight of watchlist screening processes including OFAC, PEP and MRB.
- Review and assist in the maintenance of the sanctions QC Dashboard.
- Assist in the periodic review watchlist screening tool settings to strategically minimize false positive alerts.
- Identify training needs and support development of content for business units and compliance. As appropriate, deliver in-person or web-based Sanctions compliance ad-hoc training for various groups.
- Performs special projects regarding Bank compliance activities which may require research and analysis, including presentation to senior compliance leadership.
- Other projects and reporting as needed/assigned.
- Bachelor’s degree with a minimum of 5 years of experience in BSA/AML/OFAC; OR in lieu of the Bachelor's degree, a minimum of 8 years of experience in Watchlist Screening at a large financial institution
- 4+ years of experience with bank policies, procedures and operations.
- Working knowledge of OFAC Sanctions, Bank Secrecy Act, USA PATRIOT Act, and the FFIEC Examinations Manual
- Excellent communication skills (both written and oral); experience making presentations to senior level audiences
- Independent worker, analytical and critical thinker; ability to multi-task and work in a fast-paced environment
- Computer literacy required (Word, Excel, etc.)
- Knowledge of general banking with an understanding of deposit and lending products.
- Knowledge and expertise of Sanctions laws and regulations.
- Excellent interpersonal skills for coordination/liaison functions.
- Excellent presentation skills.
- CGSS, CAMS.or CAFP certification
The salary range for this position is 110,000.00 - 185,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.
Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.
Salaries are adjusted according to market in CA, NY Metro and Seattle.
Eligibility Requirements
- You must be 18 years or older
- You must have a high school diploma or equivalent
- You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process
- You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.
- New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles. Once this new hire time in position requirement is met, the associate will have a minimum 6 months’ time in position before they can post for future non-exempt roles. Employees, level 8 or greater, must have at least 18 months’ time in position before they can post. All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don’t meet the time in position or performance expectations).
Our Commitment
When you join us, you’ll be part of an inclusive culture where your individual skills, experience, and voice are not only heard – but valued. Together, we’re building a future where we can all belong, connect, and turn ideals into action. More than 50% of our workforce is engaged in our Employee Resource Groups (ERGs), where community and passion intersect to offer a safe space to learn and grow.
This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status. We’re proud to have an award-winning culture for all.
Reasonable Accommodation Notice
- Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.
- If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627. Representatives are available from 8am – 5pm Monday to Friday, Central Standard Time
Risk Management
Seniority level
Seniority level
Not Applicable
Employment type
Employment type
Full-time
Job function
Job function
Finance
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