Manager, Tax & Compliance
GranicusSalary not specified
Full Time
Expert & Leadership (9+ years)
Senior Manager, Know Your Customer (KYC) Advisory Governance at Capital One
New York, New York, United States
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, BankingIndustries
Requirements
- Bachelor's Degree or Military experience
- At least 4 years of experience in regulatory compliance, risk management or anti-money laundering (AML) compliance
- At least 2 years of Program or Project management experience
- At least 2 years of advisory or consulting experience
- Preferred Qualifications
- Bachelor's Degree in Business Management, Compliance, Risk, Legal, Finance or Accounting
- 3+ years of experience advising on anti-money laundering (AML) risks associated with credit card products, merchant acquisition, processing or payment networks
- Certified Anti-Money Laundering Specialist (CAMS) or Certified Regulatory Compliance Manager (CRCM) certification
- 2+ years of experience working with Tableau dashboards or other data visualization tool experience for presenting risk metrics and data
Responsibilities
- Enhance AML Advisory program governance by building new monitoring processes and strengthening how escalations from, and also impacting the LOBs, are addressed
- Lead the implementation and execution of various end-to-end work streams to improve the overall AML Risk Program
- Advise the line of business on application of AML requirements in the areas of process development, development of controls and monitoring, remediation and corrective action of compliance breakdowns, and changes in law, regulation and regulatory guidance
- Oversee, credibly challenge, and assess the AML risk business environment with respect to managing and mitigating AML risk and establish processes to ensure effective and timely implementation of regulatory change requirements
- Foster an environment that ensures strong communication and cooperation across the three lines of defense and other corporate stakeholders to facilitate transparency, balance, and credible challenge
- Stay current on the changing AML regulatory landscape and understanding the impacts to the payments network business
- Lead AML Advisory forums to ensure consistency among Capital One Lines of Business ensuring continuous improvement of local AML risk management processes
- Review inquiries from AML Advisors and line of business and provide guidance, support issue resolution/remediation, and escalate risks/concerns as needed
- Maintain subject matter expertise of applicable laws and regulations
- Engage in Audit, Regulatory, and other reviews of the AML program as necessary
- Influence changes to processes, procedures, and controls to mitigate AML compliance risks
- Create metrics and criteria to show overall program health
- Create and present materials to stakeholders of various levels (including business leadership) to promote AML Compliance initiatives and provide updates on AML program health
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What are the key responsibilities of the Senior Manager, KYC Advisory Governance role?
The role involves enhancing AML Advisory program governance, leading work streams to improve the AML Risk Program, advising lines of business on AML requirements, overseeing AML risk assessment, fostering communication across lines of defense, and staying current on AML regulations.
Is this a remote position or does it require office work?
This information is not specified in the job description.
What is the salary or compensation for this position?
This information is not specified in the job description.
What expertise is required for this role?
The position requires subject matter expertise in AML laws, regulations, and guidance, knowledge of Anti-Money Laundering compliance, and the ability to advise on process development, controls, monitoring, and regulatory changes.
What kind of company culture or work environment does this role support?
The role fosters an environment of strong communication and cooperation across the three lines of defense and corporate stakeholders to facilitate transparency, balance, and credible challenge.
Capital One
Offers diverse financial products and services
About Capital One
Capital One provides a variety of financial services aimed at making banking accessible and easy for everyone. The company offers products such as credit cards, savings accounts, car loans, and business checking accounts, catering to both individual consumers and small businesses primarily in the United States. Capital One's approach includes user-friendly banking solutions with no fees or minimums for checking accounts, allowing customers to manage their finances more effectively. They generate revenue through interest on loans, credit card fees, and investment banking services. What sets Capital One apart from its competitors is its strong commitment to financial inclusion and literacy, demonstrated through community partnerships and educational initiatives, such as collaborations with Khan Academy. The company's goal is to create a more inclusive financial system and empower customers with the knowledge and tools they need to make informed financial decisions.
McLean, VirginiaHeadquarters
2014Year Founded
$15.9MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
10,001+Employees
Benefits
Medical, Dental, & Vision coverage
Onsite Health Centers
Prescription saving with network of local pharmacies
Stock Purchase Plan
Education Assistance
401(k)
Flexible Spending Accounts
Life and Disability insurance
Generous paid time off + corporate & floating holidays
Registered dieticians on site, cooking classes and free virtual fitness classes
Employee Assistance Program
Risks
Increased competition in subscription management tools may dilute Capital One's advantage.
Over-reliance on partnerships could expose Capital One to technological risks.
Departure of key personnel like Joe Rodriguez may affect risk management continuity.
Differentiation
Capital One offers user-friendly banking with no fees or minimums for checking accounts.
The company partners with Khan Academy to provide financial literacy education.
Capital One is the first major U.S. bank to offer subscription management tools.
Upsides
Capital One's mobile app is a model for secure, user-friendly digital banking.
Data sharing with Worldpay enhances payment security and fraud prevention.
Partnerships with fintechs like Minna Technologies improve customer experience.
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