Careerlink Sign up menu

Sr. Associate, BSA

FNBO locationOmaha, NE
Save share Share
111 positions
111 positions
info linkReport a probelm Originally Posted : November 07, 2021 | Expires : January 6, 2022


Job Location
Omaha, NE, United States


At FNBO, our employees are the heart of our story--and we're committed to their success! Please see below the details of this career opportunity and how it fits into our organization's success.

Job Description:

The Bank Secrecy Act (BSA) Senior Associate is a subject matter expert in the field of BSA compliance, anti-money laundering (AML) and fraud strategies, as well as qualitative methods to optimize processes related to BSA / AML / Office of Foreign Assets Control (OFAC). Accountable to lead implementations of the Bank's AML, Economic Sanctions and Customer Risk Rating model risk management obligations. Designs testing enhancements for the model components and delivers recommendations to effectively manage BSA / AML / OFAC risks.

Key Responsibilities:

  • Provide thought leadership to the BSA/AML/OFAC Model Committee in shaping FNBO's model governance practices and tuning methodology related to the BSA/AML/OFAC model components. Ability to articulate the scope and approach of the BSA/AML/OFAC model governance practices to senior management.
  • Proactively seek to gain and maintain comprehensive and in-depth understanding of industry best practices, concepts and principles as well as regulatory expectations related to AML, fraud and model governance. Proactively identify events that trigger a potential adjustment to the model. Understand what is happening in the industry and react before the expectation is standard.
  • Be able to perform conceptual soundness of the model, including a conducting a coverage assessment, and determine the model's capabilities to meet desired business and regulatory needs. Assess whether established scenarios are aligned with both the business and regulatory environment, including whether elevated risks articulated within the Bank's Enterprise Financial Crimes Compliance Risk Assessment were managed and mitigated within the design of the scenario.
  • Perform evaluation and challenge of the existing developmental evidence supporting the reasonableness of the Financial Crimes Compliance Model logic including performing coverage assessments of the model, evaluating industry white papers, guidance and FAQs to identify red flags and map red flags to scenarios within the Financial Crimes Compliance Model.
  • Have a thorough understanding of the design and ongoing sustainability surrounding the processes and administration of the Financial Crimes Compliance Model and related internal data. Understand the underlying data feeding into the system and how the data is used within model components. Have a thorough understanding of testing, validation and ongoing monitoring techniques and other sensitivity and productivity analyses.
  • Conduct quantitative and qualitative testing of BSA/AML/OFAC model in a manner that can be applied consistently and effectively repeated for model tuning across the multiple components of the Financial Crimes Compliance Model.
    • Evaluate data used during the tuning process and determine when additional testing is necessary. Communicate with the BSA/AML and OFAC Program owners to interpret results of quantitative testing.
    • Carryout below and above line testing regiments that are both valid and repeatable. Identify delta alerts/customers throughout the testing process, understand how to work alerts and cases across the components of the Financial Crimes Compliance Model, disposition testing alerts/cases and determine next steps in the tuning and optimization process.
    • Assemble and maintain documentary evidence of tuning and optimization efforts; present to the Bank's BSA/AML/OFAC Model Committee for approval.
  • Design, conduct and document testing strategies for model validation and ongoing monitoring exercises to assess the accuracy and completeness of the model's subcomponents covering: governance, design, development, implementation, input processing, output and use testing, and performance.
  • Compile a library of significant cases of interest to measure ongoing performance of the model across all types of predicate crimes
  • Collaborate with the vendor and other clients, utilize consortium data, and provide real world examples to continually enhance the suite of agents to fight financial crime

Required Qualifications:

  • Bachelor's degree in Business Administration, Finance, Criminal Justice, Data Analytics, or other quantitative area required
  • If no Bachelor's degree obtained, can accept equivalent (four[4] years) of financial crimes investigation experience, in lieu of degree
  • Minimum of three [3] years of financial crimes investigation experience required

Additional Qualifications:

  • Minimum of two [2] years of experience in research methods, analytical, or qualitative discipline preferred
  • Comprehensive understanding of financial crimes suspicious activity monitoring, customer risk rating, and economic sanctions screening practices and supporting systems
  • Ability to understand and apply a risk based approach in an intense, evolving regulatory environment
  • Ability to understand and apply data analysis to improve a business processes.
  • Ability to resolve and lead others to solve complex problems and find solutions
  • Ability to work independently
  • Self-reliance and willingness to "own" problems and creatively find solutions
  • Must be results-oriented and have strong organizational skills with the ability to manage multiple priorities
  • Fluent with Excel, including pivot tables and summary functions
  • Strong business analysis and project management skills
  • Excellent communication skills as evidenced by the ability to communicate recommendations to Senior Management in a thorough, concise, and business-friendly way
  • AML subject-matter expert, CAMS certification desired
  • Previous experience utilizing Verafin is a plus

Equity, Diversity, & Inclusion:

FNBO is committed to belonging, inclusion, diversity and equity. We are committed to intentionally and proactively creating pathways to success for historically underrepresented populations. To accomplish this, we foster a culture of belonging and inclusion so that every employee is valued, and has opportunity and the ability to make an impact. FNBO strives to reflect the diversity of the communities we serve in the makeup of our workforce.

See the full FNBO Equity, Diversity, & Inclusion Statement here

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status.

Click here to download 'EEO is The Law' Self-Print Poster

Click here to download 'EEO is The Law' Supplement for Federal Contractors

Click here to download 'EEO is The Law' GINA Supplement



Financial Services
111 active jobs
locationLincoln, NE
locationOmaha, NE
Browse all jobsexternal

Similar Jobs

30 November ( Today )

Peer Support Specialist - Assertive Community Treatment (Rural Southwest Iowa)

30 November ( Today )

Psychiatric Nurse - Assertive Community Treatment (Rural Southwest Iowa)

30 November ( Today )

Rehabilitation Specialist - Assertive Community Treatment (Rural Southwest Iowa)