Director, Commercial Banking AML Advisory - Capital One

Job ID R69333
Updated date 03/01/2019
Location Melville, New York; McLean, Virginia; Richmond, Virginia; New York, New York


NYC 299 Park Avenue (22957), United States of America, New York, New York

At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.                                               

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Director, Commercial Banking AML Advisory

The Anti-Money Laundering (AML) Commercial Advisory Director performs a key risk management role (second line of defense), to help ensure corporate initiatives and lines of business processes comply with applicable laws and regulations. While working within the AML Program framework, the AML Commercial Advisory Director is responsible for driving and delivering quality results, providing compliance advice to lines of business as a subject matter expert, and executing or participating incorporate processes. The AML Commercial Advisory Director supports the commercial sub-line of business with support by:

- Providing input on business regulatory requirements

- Providing guidance on business policies, standards, and procedures

- Developing and leading department training, as appropriate

- Providing compliance advice on complex projects

- Providing guidance on controls over regulatory requirements and line of business monitoring of those controls

- Performing money laundering risk assessment reviews

- Directly engaging and influencing business stakeholders to ensure AML requirements are appropriately addressed and adhered to within the line of business

- Supporting the Capital One Commercial sub-lines of business



- Review inquiries from lines of business and provide guidance on remediation, escalate and facilitate with subject matter experts, when necessary

- Identify trends in data and proactively advise on identified external and internal risks

- Maintain subject matter expertise of applicable laws and regulations

- Engage in Audit, Regulatory, and other reviews of the AML program.

- Evaluate Internal Audit, Regulatory Exam, and self identified issues and events for compliance impacts

- Provide effective challenge and guidance on compliance risks and support lines of business through various interactions and forum engagements

- Advise lines of business on application of compliance requirements, such as: new products, process development, development of controls and monitoring, remediation/corrective action of compliance breakdowns, and change in law or regulation

- Assist lines of business in the development and maintenance of the Compliance Program, such as how to monitor, report, and train

- Support lines of business through expert advice, influence adjustments to the processes, procedures, and controls

- Direct oversight to primary advisor supporting Capital One Securities and Investment Banking

- Maintain expert understanding of Compliance Risk Management Framework and applicable laws and regulations

- Assist in capturing, maintaining, and analyzing compliance data, interpreting it to ensure consistency and adequate Compliance Risk Management

- Participate in reporting activities, such as: NULAW, NPMIG, and other reports used by Senior Leadership

- Flexibility to travel to various Capital One locations as necessary

Common Fields of Study:

- Finance

- Accounting/Auditing

- Business Management

- Law

Typical Experience/Skills:

- Ability to produce results and influence decisions through active engagement

- Expert knowledge of regulations

- Exceptional problem-solving and conceptual skills

- Strong written and verbal communication skills

- Exceptional negotiation and leadership skills

- Willingness to pursue compliance certifications if not already certified


Autonomy and Supervisory Responsibilities:

Level of Supervision: Work independently with supervisory guidance as needed; independent decision-making

Capabilities: Ability to set direction, manage expectations, and lead cross-functional teams

Typically Reports to: Senior Director


Basic Qualifications:

- At least 5 years of experience in Anti-Money Laundering (AML) compliance, or at least 5 years of experience in legal, or at least 5 years of experience in general regulatory compliance, legal, controls or audit with AML as a component

- At least 5 years of experience supporting, partnering, and interacting with internal business clients in commercial banking,  or at least 7 years of experience supporting, partnering and interacting with internal business clients in the broader financial services industry

- Bachelor’s degree or military experience


Preferred Qualifications:

- 10 years of experience in compliance, legal, controls or audit

- ACAMS certifications

- Master’s Degree, or Juris Doctor (JD)

- 3 years of experience in securities

- 3 years of experience in investment banking


At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

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Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).