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Job Summary
The Lead - ERM Specialist will support second-line oversight of the BSA/AML, OFAC, and Fraud compliance programs. This role will partner across the first and second lines to provide effective challenge, perform monitoring and testing, support risk assessments, and help ensure compliance with regulatory expectations for first-line activities. The Lead will also maintain a strong control environment through collaboration, analysis, reporting, and execution of oversight activities.
Essential Job Functions
Support oversight of BSA/AML, OFAC and Fraud risk management programs, including customer and enhanced due diligence (CDD/EDD), customer identification (CIP), transaction monitoring, sanctions compliance, FACT Act and fraud risk. - (25%)
Perform testing, monitoring, and thematic reviews to assess the effectiveness of first line processes and controls. - (25%)
Assist in enterprise and targeted risk assessments across financial crimes domains, identifying inherent and residual risks. - (20%)
Support preparation of reporting and materials for governance committees and senior leadership. - (15%)
Participate in projects and initiatives to strengthen compliance frameworks and processes. - (15%)
Minimum Qualifications
High School Diploma or GED.
8+ years of experience in consumer credit, banking compliance and/or a related field.
Preferred Qualifications
Bachelor’s Degree in Business, Risk, Compliance or Legal.
CAMS (ACAMS)
CFE (ACFE)
CRCM (ABA)
10+ years of experience in consumer credit, banking compliance and/or a related field.
Experience with MS Office
Skills
Communication skills
Collaboration skills
Adobe
Writing skills
System and Organization Control Standards
Reports To : Director and above
Direct Reports : 0
Work Environment
Normal office environment. (Remote or Hybrid), 3 to 4 days per month are required in office if within 60 miles of a posted Bread Financial location.
Other Duties
This job description is illustrative of the types of duties typically performed by this job. It is not intended to be an exhaustive listing of each and every essential function of the job. Because job content may change from time to time, the Company reserves the right to add and/or delete essential functions from this job at any time.
Salary Range (unless otherwise noted below):
$112,400.00 - $179,900.00
Full Salary Range for position:
California: $129,300.00 - $224,900.00
Colorado: $112,400.00 - $197,900.00
New York: $123,600.00 - $224,900.00
Washington: $123,600.00 - $206,900.00
Maryland: $123,600.00 - $197,900.00
Washington DC: $129,300.00 - $206,900.00
Illinois: $112,400.00 - $197,900.00
New Jersey: $129,300.00 - $206,900.00
Vermont: $112,400.00 - $179,900.00
Ohio: $112,400.00 - $179,900.00
Maine: $112,400.00 - $179,900.00
Connecticut: $123,600.00 - $197,900.00
Virginia: $112,400.00 - $179,900.00
The actual base pay within this range may be dependent upon many factors, which may include, but are not limited to, work location, education, experience, and skills.
You must be work authorized in the United States on a full time basis without the need for any sponsorship now or in the future from any employer or organization. The Company cannot offer employment to F-1 (student) visa holders.
Bread Financial offers medical, prescription drug, dental, vision, and other voluntary benefits (including basic and optional life insurance, supplemental medical plans, and short and long-term disability) to eligible associates (regular full-time associates scheduled to work 30 hours per week or more) and their spouses/domestic partners, and child(ren) under the age of 26. New associate elected coverage begins on date of hire (with the exception of disability coverage which has a 6-month waiting period). Six weeks of 100% paid parental leave for eligible parents is…