What are the responsibilities and job description for the Assessment specialist position at Valley Bank?
Responsibilities include but are not limited to :
- Liaise with bank regulators, as well as internal and external auditors to communicate the nature, methodology and results of the Financial Crimes risk assessment program .
- Engage with the various lines of business to analyze processes and controls to identify and assess inherent risk, efficacy of controls, and compliance opportunities related to AML, OFAC and Fraud.
- Act as liaison with lines of business and provide subject matter expertise in the development of internal controls.
- Generate standing reporting and risk dashboards designed to identify changes to the risk profile of the bank related to AML, Fraud, or OFAC on an ongoing basis.
- Monitor and report key risk metrics, Key Risk Indicators and Key Performance indicators to management and applicable governance committee.
- Review new products, services, markets or geographies for additional risks related to these areas, communicate any such risks to Management, and work with business lines to identify mitigating controls.
- Assist in the identification of trends consistent with potential risk or compliance issues. Advise on tools and solutions to facilitate risk management and compliance and develop and maintain comprehensive records and reports of associated activities.
- Maintain a working knowledge of internal controls, best practices in risk management, fraud prevention techniques, AML typologies, and sanctions compliance requirements, as well as other applicable state and federal laws and regulations within the scope of the financial crime functions.
Last updated : 2024-08-12
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