The Bancorp · 9 hours ago
AVP BSA AML Sanctions Testing Lead (Hybrid)
Wilmington, DE
Full-time
Hybrid
Mid, Senior Level
5+ years expThe Bancorp is a financial institution seeking an AVP BSA AML Sanctions Testing Lead. This role involves overseeing a team to design risk-based tests for BSA/AML and Sanctions processes, ensuring compliance and minimizing risks within the organization.
BankingFinanceFinancial ExchangesFinancial ServicesPayments
Hiring Manager
Patrick Johnson
Responsibilities
Designs and runs tests on processes and controls to identify gaps and opportunities to minimize risk associated with BSA/AML and Sanctions
Performs initial review of the AML Sanctions Testing Analyst workpapers and initial draft reports
Tests and monitors findings to stakeholders, including senior leadership of both LOB and FCRM
Maintains awareness of industry updates to frequency and types of financial crimes, regulatory requirements, and related issues and enhances testing activities to address these issues
Communicates to business and compliance staff throughout the company on the objective and protocols within the FCRM testing and monitoring function
Works with VP BSA AML Sanctions Testing Manager to develop, update, and maintain MIS monitoring and tracking reports which extract data from day-to-day processes to increase efficiencies and identify patterns and trends in testing results
Leads team of AML Sanctions Testing Analyst to ongoing excellence. Evaluates and streamlines existing processes and systems for testing and monitoring. Works with VP BSA/AML Sanctions Testing Manager and IT to develop reports system requirements and system controls to identify risks
Performs site visits on Third Party Partners regarding their BSA/AML and Sanctions controls
Performs other duties as assigned
Assists people manager in overseeing team in day-to-day operations
Creates an inspiring team environment with an open communication culture
Delegates tasks and set deadlines to achieve goals
Discovers training needs and provide coaching
Inspires confidence and motivates others to perform at their best
Qualification
Required
Undergraduate degree in business, finance, social science methodology or a related field or an equivalent combination of training and experience
5 years of compliance testing, quality assurance, auditing experience at a large financial institution or experience in fintech and payments areas
Preferred
CAMS and/or audit-related certifications
Strong working knowledge of auditing and AML/Sanctions testing
Ability to manage multiple priorities and tasks with the skills to adapt to changes in fast-paced environment
Ability to critically assess risks and identify level of review needed for testing
Ability to identify and communicate solutions for issues identified during the testing process
Process oriented with strong organizational skillsets
Excellent verbal, written, and interpersonal communication skills with the ability to work effectively with colleagues across regions and business units
Excellent investigative and analytical skills with the ability to uncover root causes, identify patterns, and analyze key risk trends
Self-motivated team player able to work effectively in a team fostered, multi-tasking environment
Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook
Position is required to travel 25% percent
Company
The Bancorp
The Bancorp provides private-label banking and technology solutions to meet the unique business needs of non-bank companies.
501-1000 employees
Funding
Current Stage
Public CompanyTotal Funding
$274M2025-08-18Post Ipo Debt· $200M
2016-08-08Post Ipo Equity· $74M
2004-02-03IPO
Leadership Team
Damian Kozlowski
CEO & President
Randall Baugh
Managing Director, Chief Compliance Officer
Recent News
2025-11-10
The Motley Fool
2025-11-05
Company data provided by crunchbase