U.S. Bank AML- Audit Readiness Senior in Richmond, Virginia

The Enterprise Program Services (EPS) Audit Readiness Senior Associate is primarily responsible for documenting business lines processes, identifying risks and controls for certain activities, and in some cases performing the design and execution of issue validation testing strategies for EFCC related issues. This role will also assist in reviewing information gathered by the business lines prior to the information being provided to Corporate Audit Services.

This position requires general knowledge of domestic and international Anti-Money Laundering (AML) and Sanctions requirements, particularly as these apply to banking and banking business processes. Successful candidates require minimal management oversight. There are several necessary components of the position:

  • Understand the process control points of the end-to-end business process to ensure compliance with laws, rules and regulation.

  • Have the ability to communicate effectively and concisely with senior management, internal audit and other stakeholders.

  • A strong banking background in compliance, risk management or audit is encouraged and preferred.


  • Assist the Tollgate manager in Audit Readiness activities including partnering with EFCC and business lines to improve documentation and evidence including documenting process narratives and control activities.

  • Work with issue partners including Issue Management, Audit Management and issue owners and coordinators to issue validation guidance at issue inception

  • Draft test plans. Develop and document risk based testing strategies appropriate to each issue assigned, work with manager to finalize.

  • Communicate test plans and strategy to business line partners and request required documentation.

  • Execute testing. Complete timely and appropriate testing pursuant to assigned issues. Discuss findings with management.

  • Appropriately document the testing strategy, sampling and results of test plans in accordance to team procedures. Writing must clearly articulate the risk and control environment and the detail the testing and validation work performed.

  • Complete timely and appropriately validation testing pursuant to the current issues and/or enhancement plans.

  • Communicate with Business Line and EFCC teams to address questions, concerns or corrections required to successfully complete testing.

  • Work with issue owners and other teams such as Issue Management to draft and communicate issue validation guidance early in the issue process

  • Performing other duties as requested by management


Basic Qualifications

  • Bachelor’s degree or equivalent work experience.

  • Seven or more years of experience in activities such as audit, testing, risk management or similar experience.

  • Strong analytical, interpersonal and writing skills

  • Adept at multi-tasking and meeting deadlines in high-pressure environment

  • General knowledge of BSA/OFAC/AB/AC compliance requirements and standards that impact a global financial services firm such as KYC, Client risk rating, transaction monitoring, suspicious activity reporting, client screening/sanctions requirements and risk assessments.

Preferred Skills/Experience:

  • Detailed knowledge of government and regulatory laws and regulations.

  • Thorough knowledge of banking industry operations, policies and procedures.

  • Strong presentation skills

  • Professional Certifications (or desire to work towards one) are a plus: CAMS, CFE, CIA

Job: Compliance / Quality Control

Primary Location: Minnesota-MN-Minneapolis

Shift: 1st - Daytime

Average Hours Per Week: 40

Requisition ID: 170035635

Other Locations: United States

U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce.