Senior Associate, Risk Consulting (AML/Model Validation) at RSM

Role Overview

As a Senior Associate in Risk Consulting at RSM, specializing in AML (Anti-Money Laundering) and Model Validation, you will play a critical role in helping financial institutions navigate the complex landscape of regulatory compliance. This position offers an exciting opportunity to leverage your expertise in BSA/AML and OFAC regulations to assess risks, develop solutions, and ensure that clients meet their compliance obligations. You will work on a variety of projects, including model validations, internal audits, and regulatory assessments, providing valuable insights and recommendations to improve the control environment.

A Day in the Life

On a typical day, you might:

• Execute model validation activities and testing against BSA/AML and OFAC models.
• Assess risks related to model design, data, output, and governance.
• Identify weaknesses in controls and propose enhancements.
• Conduct regulatory compliance internal audits and assessments.
• Prepare reports and presentations summarizing findings and recommendations.
• Collaborate with team members to develop innovative solutions.
• Communicate with clients to understand their needs and expectations.
• Stay up-to-date on the latest regulatory developments.
• Participate in training programs to enhance your knowledge and skills.

Why Chicago and Charlotte?

Chicago and Charlotte are both major financial hubs with a high concentration of financial institutions. These cities offer a wealth of opportunities for professionals in the risk consulting field. Chicago is home to the headquarters of many large banks and financial services companies, while Charlotte is a major banking center, often referred to as the “second banking capital” in the United States. RSM's presence in these locations allows you to work with diverse clients and contribute to the financial stability of these important markets. Being located in these cities provides great networking opportunities and career growth prospects.

Career Path

RSM offers a well-defined career path for Risk Consulting professionals. Starting as a Senior Associate, you can advance to positions such as Manager, Senior Manager, and ultimately Partner. The firm provides ample opportunities for professional development and leadership training to help you achieve your career goals. Your career progression will depend on your performance, skills, and dedication.

Salary & Benefits

RSM provides a competitive salary and benefits package to attract and retain top talent. The salary range for this position is competitive and commensurate with your experience and qualifications. In addition to salary, RSM offers a comprehensive benefits package that includes health insurance, paid time off, retirement plan, and other valuable perks. Specific benefits include:

• Comprehensive health, dental, and vision insurance.
• Generous paid time off and holidays.
• 401(k) retirement plan with company match.
• Flexible spending accounts.
• Life insurance and disability coverage.
• Employee assistance program.
• Professional development opportunities.
• Tuition reimbursement program.

RSM Culture

RSM is known for its collaborative and supportive culture. The firm values its employees and provides a positive work environment where everyone can thrive. RSM emphasizes teamwork, innovation, and client service. You will have the opportunity to work with talented professionals from diverse backgrounds and contribute to meaningful projects. The firm promotes a culture of continuous learning and development, offering various training programs and resources to help you grow your skills and advance your career.

How to Apply

To apply for the Senior Associate, Risk Consulting (AML/Model Validation) position at RSM, please visit the RSM careers website. Submit your resume and cover letter, highlighting your relevant experience and qualifications. Be sure to emphasize your expertise in BSA/AML and OFAC regulations, as well as your experience in model validation and internal audit. The application process is straightforward and user-friendly. Make sure all attachments are in PDF format.

Frequently Asked Questions (FAQ)

1. What is the typical career path for a Senior Associate in Risk Consulting at RSM?

   The typical career path progresses from Senior Associate to Manager, Senior Manager, and then Partner. Each step involves increasing responsibilities and leadership roles within the firm.

2. What types of projects will I be working on as a Senior Associate?

   You will be working on a variety of projects, including model validations, regulatory compliance reviews, internal audits, and risk assessments for financial institutions.

3. What are the key skills and qualifications RSM is looking for in a candidate?

   RSM is looking for candidates with a strong understanding of BSA/AML and OFAC regulations, experience in model validation, excellent communication skills, and the ability to work independently and as part of a team.

4. How does RSM support professional development?

   RSM offers a variety of professional development opportunities, including training programs, mentorship programs, and tuition reimbursement. The firm is committed to helping employees grow their skills and advance their careers.

5. What is the work-life balance like at RSM?

   RSM promotes a flexible work environment that allows employees to balance their personal and professional lives. The firm offers various flexible work arrangements, such as remote work and flexible hours.

6. What is RSM's culture like?

   RSM has a collaborative and supportive culture. The firm values its employees and provides a positive work environment where everyone can thrive. RSM emphasizes teamwork, innovation, and client service.

7. What are the opportunities for advancement at RSM?

   RSM offers ample opportunities for advancement. Employees who demonstrate strong performance and leadership skills can advance to higher-level positions within the firm.

8. Does RSM provide opportunities for community involvement?

   Yes, RSM encourages employees to get involved in their communities. The firm supports various charitable organizations and provides employees with opportunities to volunteer their time and skills.

9. What types of clients will I be working with at RSM?

   You will be working with a diverse range of clients, including banks, credit unions, and other financial institutions of varying sizes.

10. How does RSM stay up-to-date on the latest regulatory changes?

    RSM has a dedicated team of professionals who monitor regulatory changes and provide training to employees. The firm also invests in technology and resources to help clients stay compliant.