Financial Risk (BSA/AML) Auditor
About Prime Trust
Prime Trust is a technology-driven institution that provides open banking solutions for FinTech innovators. We power financial applications, payment processors, cryptocurrency exchanges, ATS', OTD desks, crowdfunding portals, real estate platforms, brokers, investment advisors, and others with API solutions to create world-class financial services at scale.
Position: Financial Risk (BSA/AML) Auditor
Prime Trust is seeking a Financial Risk (BSA/AML) Auditor who is passionate about securing innovative products that scale. This position will interact with stakeholders across Security, Compliance, Operations, and Audit. If you enjoy working in a highly collaborative environment and approach every day with a burning passion to build highly scalable, resilient, and secure systems, then Prime Trust wants you!
The Financial Risk Auditor is responsible for implementing a process to enhance Prime Trust’s security posture by evaluating our largest customers through the execution of BSA/AML/OFAC compliance audits to limit our exposure to financial, reputational, and regulatory risk. This position will assist the Head of Third Party Risk and Technical Compliance by conducting audits, reviewing policies & procedures, and studying documents. The right candidate will provide support or manage additional audit activities in the areas of third party risk, finance, and risk management.
We are looking for a Financial Risk Analyst who is passionate about security and progressing the vision of security in Prime Trust. The ideal candidate provides subject matter expertise and oversight for BSA/AML audits, regulatory compliance audits and other audit activities as assigned.
Develop an examination program to include all aspects of BSA and AML laws
Carry out the planning and execution of the BSA/AML & OFAC audits
Perform and support audits in the areas of third party risk, finance, and risk management
Follow-up and performs validation of remediation activities to ensure control issues are effectively resolved
Stay abreast of laws, rules, and regulations impacting financial institutions to ensure the regulatory risks are properly identified
Report audit findings and make recommendations for correcting unsatisfactory conditions, improving operations and reducing costs
Conduct examinations of financial institutions to determine level of compliance with consumer compliance deposit and lending regulations
Conduct Safety and Soundness, Consumer Compliance and Electronic Data Processing examination of financial institutions
Assess the adequacy of consumer compliance management programs, including testing and monitoring
Ensure that audit work conforms to Global Audit policies and procedures
Perform special reviews or projects if necessary
Experience and Skills
Sound International Banking business understanding and knowledge which includes best practices and banking laws, rules and regulations, e.g. in respect of BSA/AML & OFAC compliance issues.tc.)
Ideally, five years organization or equivalent work experience
General banking knowledge
Extensive experience working with Bank Secrecy Act/Anti-Money Laundering
Bachelor’s in Accounting or Business Administration preferred
Professional designation (CIA, CAMS) preferred
This job is available for either remote or in office work. Culture is energetic, interactive, and growth oriented, far more of a fin tech environment than a traditional financial institution
Job Type: Full-time position
Flexible PTO/Paid holidays/401(k)/Health, Dental, and Vision insurance for employee and dependents, which is currently 100% paid by the company, after the first of the month following date of hire/cell phone reimbursement up to $100 per month