AML Risk Assessment - New Product Approval (NPA)

Confidential Company  •  Jersey City, NJ and Tampa, FL

8 - 10 years experience  •  Staffing & Recruiting

$249K
Posted on 08/11/17 by Rahul Panthagada
Confidential Company
Jersey City, NJ
8 - 10 years experience
Staffing & Recruiting
$249K
Posted on 08/11/17 Rahul Panthagada

Title: AML Risk Assessment - New Product Approval (NPA)

Location: Jersey City, NJ 07310 USA

Duration: 12+ months

Pay Rate: $120.00/hr. on W2.

Client’s Need:

  • AML Risk Assessment
  • Regulatory
  • Markets background with a general understanding of the respective AML risk associated with these products, Strong control design background, preferably experience with the new products approval process at another firm.

Job Description:

  • Assist with assessing compliance with New Product Approval (NPA) and New Payment Method Product (NPMP) commitments or commitments for medium risk products
  • Assist in design of pre-launch controls for all products
  • Assist with oversight and monitoring and tracking of business adherence to their action plans and remediation/ lookback results
  • Develop new or revise existing NPA-related training, as needed
  • Assist with review and enhancements for NPA risk assessment and its methodology
  • Assist with communication plans for regions
  • Assist in liaising with internal audit staff and Compliance Testing teams for AML/Sanctions matters, as appropriate, including assisting in responding to document production, and issue responses
  • Assist with review of NPAs proposals for approval
  • Assist with revised AML NPA Tool communication plans for regions
  • Assisting with any analysis required for supporting Article XI project

Skills Required

  • 5+ years of AML Compliance experience, preferably with policy/governance, project management and/or risk management experience.
  • Strong communication, organization and presentation skills whom can collaborate with others to achieve results within deadline; ability to manage multiple projects.
  • Strong command of MS Office tools – PPT, Word, Excel.
  • Coordination of presentations, presenters, meeting materials and minutes for Committee presentations (e.g., NPMP Approval Committee, NPMP Working Group meetings)
  • Markets background with a general understanding of the respective AML risk associated with these products, Strong control design background, preferably experience with the new products approval process at another firm.
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