BSA/AML Risk Advisor (Finance)

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Job Summary

The BSA/AML Risk Advisor is responsible for providing governance and oversight for the BSA/AML management program. This role will develop tools, adequate controls, policies, and procedures to analyze and report BSA/AML program risks according to the Enterprise Risk Management (ERM) framework and guard against financial loss and business risk. This includes collaboration on the program objectives, strategy, planning, training, testing, and framework. Broad risk management experience and knowledge of BSA and FinCEN laws and regulations is critical to determine the organization's effectiveness of these programs. This role will communicate effectively, be a regulatory subject matter expert, lead indirectly, and is able to influence internal partners.

Essential Job Functions:

• Leadership and Collaboration: Collaborate with internal partners and help to develop the BSA/AML Risk Management architecture for the organization. Communicate across different areas of the Banks and their support partners in addition to third party vendors used by the Banks. Be strategic and engage with business partners to drive risk-based solutions. Engage in complex compliance and strategy matters and identify issues needing escalation to senior leadership and presenting to larger audiences. Support and enable senior leaders and functional experts across all lines of business to integrate enterprise management practices into their strategic business plans and daily process responsibilities. Educate risk pillar leaders and risk owners, communicating risk policies and programs, identifying risks, develop assessments, ensure compliance and quality, reporting and analysis, and model strength and maturity. Work in close collaboration with Compliance as well as first line leadership across the organization to identify strategic risk impacts, define metrics, reporting, routines to identify, mitigate, and manage strategic risk in the first line of defense. Professionally interact with individuals at every level of the organization and work effectively with senior leaders and external partners. Serve as point of contact for Internal Audit for BSA/AML program related matters. Champion BSA/AML Compliance program.
• Risk Management: Lead the implementation of necessary changes to BSA/AML processes, controls, and testing based on regulatory changes and the outcomes of informal audit feedback. Apply knowledge of risk management disciplines, consumer banking laws and regulations, and be accountable for the application of requirements to internal BSA/AML program business processes. Establish and maintain a risk register and control inventory complete with process maps, narratives and control descriptions, as well as links to related policy and regulatory requirements. Provide advisory and credible challenge to the creation and on-going maintenance of corporate risk programs (i.e. Risk and Controls Assessments (RCSA), Issues Management, Risk Appetites, Risk Appetites Metrics, Key Risk Indicators, etc.). Influence the development, assessment, and monitoring of mitigation plans for BSA/AML program related open issues identified by regulators and internally. Assist the team leader in ensuring the established BSA/AML risk management framework, and governance, complies with all applicable external guidance (rating agencies, regulations, industry best practice, etc.) and the Bank strategic objectives.
• Policy Governance: Provide effective challenges for all new and existing BSA/AML management policies, regulatory relations and exam management. Support exam processes, request interactions, and provide strategic support for BSA/AML related inquiries.
• Reporting and Analysis: Analyze various risk programs and provide insights for clear and concise reporting for various risk committees, key business owners, the Bank Board, regulators, and executive leaders.
• Strategy: Lead and support the development and execution of short and long-term strategic roadmaps that support ongoing BSA/AML program strengthening, as well as the Banks' strategic plan and growth agenda. Promotes, matures and helps govern the BSA/AML risk strategy and framework for the Bank and service providers, including new product opportunities, business development, and control and validation purposes.
• Delivery: Help drive the timely resolution of BSA/AML related issues and advise business partners on the mitigation of risks through implementation of policies, procedures, processes and controls.

Reports To:

Director, BSA/AML Risk Oversight

Direct Reports:

None

Working Conditions/ Physical Requirements:

• Normal office environment.
• This position is hybrid with an onsite schedule of 3 - 4 days per month.
• In-office requirements are subject to change based on business need.
• This position is currently available to candidates that reside within 60 miles of a Bread Financial location.

Minimum Qualifications:

• Bachelor's degree in finance, banking, technology, or risk management; or equivalent experience within the financial services industry.
• 8+ years of experience working in risk management, risk and controls, or compliance.
• Experience working in risk related areas within a highly risk-driven environment.
• Knowledge of the risk management industry, including industry risks and trends, and understanding of BSA/AML and Fraud laws and regulations.

Preferred Qualifications:

• Master's degree in finance, banking, technology, or risk management or related field of study.

Knowledge, Skills, and Abilities:

• Strong analytical and communication skills, attention to detail and accuracy.
• Excellent professional writing skills.
• High level of critical thinking and superior time management skills and problem-solving skills.
• Ability to effectively manage multiple priorities and balance the ongoing changes to regulatory landscape.

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):
$87,900.00 - $159,200.00

Full Salary Range for position:
California: $101,000.00 - $198,900.00

Colorado: $87,900.00 - $167,100.00

New York: $96,600.00 - $198,900.00

Washington: $92,200.00 - $183,000.00

Maryland: $92,200.00 - $175,100.00

Washington DC: $101,000.00 - $183,000.00

Illinois: $87,900.00 - $175,100.00

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.

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 available after a 180-day waiting period. Hired associates can immediately enroll in Bread Financial's 401(k) plan.

All associates receive 11 paid holidays. Associates have discretion in managing their time away from work through the Flexible Time Off (FTO) program and may need to notify and receive approval from their manager prior to taking the time off. Associates (except those located in Illinois) receive 80 hours of Paid Sick and Safe Time ("PSST") upon hire and at the beginning of each subsequent calendar year. Illinois associates receive 40 hours of Illinois PSST upon hire and at the beginning of each subsequent calendar year and 40 hours of Illinois Paid Leave upon hire and at the beginning of each subsequent calendar year. Illinois Paid Leave must be used before associates in Illinois will be approved to take FTO.

Hired associates will be able to elect the purchase company stock during offering periods in June and December. You will be eligible for an annual incentive bonus based on individual and company performance.

Click here for more Benefits information.

About Bread Financial

At Bread Financial, you'll have the opportunity to grow your career, give back to your community, and be part of our award-winning culture. We've been consistently recognized as a best place to work nationally and in many markets and we're proud to promote an environment where you feel appreciated, accepted, valued, and fulfilled-both personally and professionally. Bread Financial supports the overall wellness of our associates with a diverse suite of benefits and offers boundless opportunities for career development and non-traditional career progression.

Bread Financial® (NYSE: BFH) is a tech-forward financial services company providing simple, personalized payment, lending and saving solutions. The company creates opportunities for its customers and partners through digitally enabled choices that offer ease, empowerment, financial flexibility and exceptional customer experiences. Driven by a digital-first approach, data insights and white-label technology, Bread Financial delivers growth for its partners through a comprehensive suite of payment solutions that includes private label and co-brand credit cards and Bread Pay® buy now, pay later products. Bread Financial also offers direct-to-consumer products that give customers more access, choice and freedom through its branded Bread Cashback® American Express® Credit Card , Bread Rewards™ American Express® Credit Card and Bread Savings® products.

Headquartered in Columbus, Ohio, Bread Financial is powered by its approximately 7,000 global associates and is committed to sustainable business practices. To learn more about Bread Financial, visit breadfinancial.com or follow us on Facebook , LinkedIn , X and Instagram .

• Bread Financial offers competitive pay, a comprehensive selection of benefit options including 401(k).
• The Company is an Equal Opportunity Employer.
• Any applicant offered employment will be required to establish that they are legally authorized to work in the United States for the Company.
• The Company participates in E-Verify.
• The Company will consider for employment all qualified applicants, including those with a criminal history, in a manner consistent with the requirements of all applicable federal, state, and local laws, including the Los Angeles Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, and the New York City Fair Chance Act. Applicants with criminal histories are encouraged to apply.
• The Company complies with the Americans with Disabilities Act (ADA), as amended, and all applicable state/local laws. The Company will provide accommodations to applicants needing accommodations to complete the application process. Applicants with disabilities may contact the Company to request and arrange for accommodations. If you need assistance to accommodate a disability, you may request an accommodation at any time. Please contact the Recruiting Team at TaOps@breadfinancial.com .

Job Family:
Enterprise Risk

Job Type:
Regular