AML Sanctions Specialist - First Line of Defense Financial Crimes

Job Description:

Position Overview

At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company’s success. As an AML (Anti-Money Laundering) Sanctions Specialist, you will be within PNC’s Risk, Change, Experience & Strategy (RCES) organization, supporting the 1st Line of Defense (1LOD) Financial Crimes Compliance Office.

The RCES Team contributes to the responsible growth and success of all lines of businesses in the Corporate & Institutional Bank (C&IB) & Asset Management Group (AMG). As an AML Sanctions Specialist, you will report into the Quality Control team lead.

In addition to the job description, skills and responsibilities of the AML Sanctions Specialist include but are not limited to the below:

• Investigative or related work experience with specific emphasis on BSA/AML and Sanctions red flags preferably in the financial services industry.
• Direct Quality Control (QC)/Quality Assurance (QA) experience.
• Ability to perform QC reviews of KYC (Know Your Customer) files created by Relationship Managers/onboarding teams to determine if the information provided is accurate and in accordance with the quality standards established by Bank policies, procedures and regulatory requirements.
• Ensure customer data, business activity, narratives, documents, and other case determinations are accurate, appropriate, reasonably supported, and clearly documented. External research in some cases may be required to reach such conclusions.
• Excellent written and verbal communications skills including communicating concerns with the Team Lead.
• Ability to work independently and be able to multi-task, adapt well to changing priorities and effectively prioritize workflow to meet critical deadlines.
• C&IB product knowledge/experience, as well as C&IB KYC experience is preferred for the position.

This is a remote position. Work may be performed from a quiet, confidential space in a home location, approved by PNC. This position may not be available in all geographic locations.

Job Description

• Implements business unit Anti-Money Laundering (AML) and Sanctions Programs to prevent illegal, unethical, or improper business practices. Assists in the execution and oversight of activities to comply with the Bank Secrecy Act, AML, USA PATRIOT ACT and Sanctions Program requirements. Developing ability to constructively challenge conclusions/status quo.
• Update AML and Sanctions policies and procedures as needed. Ensure that Compliance Manuals, Front Office Manuals, policies and procedures accurately reflect current laws, rules, other regulatory requirements and management intent. Independently challenges analyses, reviews and recommendations.
• Identify and define the AML and Sanctions objectives for assigned line of business, products/services and applicable regulations. Communicate and socialize those objectives (from a leadership position) to the business. Coordinate AML and Sanctions compliance monitoring and oversee preparation of compliance reports. May serve as a resource regarding AML and Sanctions compliance impact on overall business activities, product development and customer activities
• Prepares AML and Sanctions compliance reports and/or customer risk profiles. Identifies issues and escalates through proper governance channels as needed. Analyzes assessments of AML and Sanctions risk and internal controls. Researches AML and Sanctions regulatory developments. Assists, as appropriate, in updating or implementing new/enhanced processes in order to ensure timely and effective compliance with new AML and Sanctions regulatory requirements.
• Supports key business initiatives by identifying AML and Sanctions Compliance risks and providing resolutions to manage these risks. Serves as a resource regarding AML and Sanctions compliance impact on such matters on overall business activities, product development and customer activities.

Qualifications

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.

Preferred Skills

Compliance Reporting, Customer Risk, Decision Making, Regulatory Requirements, Risk Assessments, Risk Control, Strategic Objectives

Competencies

Accuracy and Attention to Detail, Anti-money Laundering/Sanctions Policies and Procedures, Audit And Compliance Function, Auditing, Fraud Management, Internal Controls, Problem Solving

Work Experience

Roles at this level typically require a university / college degree, with 2+ years of relevant professional experience. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.

Education

Bachelors

Certifications

No Required Certification(s)

Licenses

No Required License(s)

Pay Transparency

Base Salary: $45,000.00 – $104,000.00

Salaries may vary based on geographic location, market data and on individual skills, experience, and education. This role is incentive eligible with the payment based upon company, business and/or individual performance.

Application Window

Generally, this opening is expected to be posted for two business days from 03/28/2025, although it may be longer with business discretion.

Benefits

PNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives.

In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 8 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.

To learn more about these and other programs, including benefits for full time and part-time employees, visit Your PNC Total Rewards.