AML System Administrator

Colorado Springs, CO - USA

Monthly Salary: Not Disclosed

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

GENERAL SUMMARY:

Provides administrative functions within the banks transaction monitoring software (TMS) Nasdaqs Verafin including ongoing maintenance data quality analysis and interpretation of data to assist the BSA Officer and Fraud Officer to make informed decisions regarding analytics reporting transactional mapping model validation tuning and more. This role requires subject matter expertise in the field of AML/CFT compliance and fraud strategies system administration data analysis and ongoing alignment with regulatory and operation needs of the BSA and Fraud Departments. Further this role will serve as the primary point of contact for Verafin and demonstrate comprehensive knowledge of its functionality product updates/new releases future enhancements and regulatory changes.

RESPONSIBILITIES AND DUTIES

Maintain current and comprehensive knowledge and understanding of the banks AML/CFT and Fraud Programs policies and related procedures and changing regulatory requirements.
Maintain comprehensive knowledge of Verafin system capabilities documentation and processes to provide support and system/data enhancements.
Regularly maintain model governance documentation methodologies coverage assessments tuning reports and data validations.
Serve as a liaison between Verafin support IT and BSA Officer and Fraud Officer with the development and implementation of issue resolutions and system enhancements.
Coordinate and update system configurations parameters and workflows as required to support risk management objectives.
Oversee daily import of all core and ancillary data feeds and analysis is accurate and successful.
Investigate reported issues by users to determine if issue requires escalation via support case to Verafin.
Provide system-related guidance and user support consistent with internal policies and procedures.
Maintain documentation and comprehensive knowledge of system limitations and track reported issues to resolution.
Create and customize reports and dashboards for KPIs KRIs executive reports etc.
Ensure a comprehensive understanding of industry best-practices and regulatory expectations related to AML/CFT fraud and data analysis.
Ensure data quality management system configuration user role administration and performance monitoring.
Support regulatory exam audit and model validation and tuning preparation and documentation collection.
Complete required BSA/AML and Fraud training and any other training as assigned.
Other duties as assigned by management.
Regularly exercising independent judgement and discretion over matters of significance.
Communicate effectively in-person and otherwise with all coworkers and customers both during regular business hours and before and after regular business hours if necessary.
Effective communication and collaboration are essential for this role. While remote work may be available periodically there are times when being in the office is necessary to maintain our collaborative efforts. Therefore this position cannot be primarily performed remotely.

KNOWLEDGE SKILLS AND ABILITIES:

Maintain regular and reliable attendance.
Knowledge of AML/CFT/Fraud regulatory requirements.
Knowledge of bank policies and procedures.
Skill in operating computer terminals and printers and other various office equipment.
Strong written communication and organization skills.
Ability to interact efficiently with examiners and auditors.
Ability to create an efficient work environment paying close attention to detail.
Ability to handle multiple tasks simultaneously in fast paced environment.
Ability to maintain confidentiality.

EDUCATION AND EXPERIENCE:

Bachelors Degree or equivalent work experience with emphasis in Mathematics Statistics Management Information Systems Analytics preferred.
Comprehensive understanding of financial crimes suspicious activity and fraud monitoring customer risk rating and sanctions screening practices and supporting systems.
Ability to understand and apply data analysis to improve business processes resolve data issues and lead others to solve complex problems and find solutions.
Three-five years AML/CFT compliance experience preferred.
One-three years experience in data research analytical or quantitative discipline.
Fluent in Excel (Power BI or similar preferred)
Experience with Verafin preferred.

PHYSICAL REQUIREMENTS/WORK CONDITIONS:

NOTE: The statements herein are intended to describe the general nature and level or work being performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

More Details

Primary location is Colorado Springs; however placement at another branch within the banks geographical footprint may be considered.

Required Experience:

Unclear Seniority

GENERAL SUMMARY:Provides administrative functions within the banks transaction monitoring software (TMS) Nasdaqs Verafin including ongoing maintenance data quality analysis and interpretation of data to assist the BSA Officer and Fraud Officer to make informed decisions regarding analytics reporting...

GENERAL SUMMARY:

RESPONSIBILITIES AND DUTIES

Maintain current and comprehensive knowledge and understanding of the banks AML/CFT and Fraud Programs policies and related procedures and changing regulatory requirements.
Maintain comprehensive knowledge of Verafin system capabilities documentation and processes to provide support and system/data enhancements.
Regularly maintain model governance documentation methodologies coverage assessments tuning reports and data validations.
Serve as a liaison between Verafin support IT and BSA Officer and Fraud Officer with the development and implementation of issue resolutions and system enhancements.
Coordinate and update system configurations parameters and workflows as required to support risk management objectives.
Oversee daily import of all core and ancillary data feeds and analysis is accurate and successful.
Investigate reported issues by users to determine if issue requires escalation via support case to Verafin.
Provide system-related guidance and user support consistent with internal policies and procedures.
Maintain documentation and comprehensive knowledge of system limitations and track reported issues to resolution.
Create and customize reports and dashboards for KPIs KRIs executive reports etc.
Ensure a comprehensive understanding of industry best-practices and regulatory expectations related to AML/CFT fraud and data analysis.
Ensure data quality management system configuration user role administration and performance monitoring.
Support regulatory exam audit and model validation and tuning preparation and documentation collection.
Complete required BSA/AML and Fraud training and any other training as assigned.
Other duties as assigned by management.
Regularly exercising independent judgement and discretion over matters of significance.
Communicate effectively in-person and otherwise with all coworkers and customers both during regular business hours and before and after regular business hours if necessary.
Effective communication and collaboration are essential for this role. While remote work may be available periodically there are times when being in the office is necessary to maintain our collaborative efforts. Therefore this position cannot be primarily performed remotely.

KNOWLEDGE SKILLS AND ABILITIES:

Maintain regular and reliable attendance.
Knowledge of AML/CFT/Fraud regulatory requirements.
Knowledge of bank policies and procedures.
Skill in operating computer terminals and printers and other various office equipment.
Strong written communication and organization skills.
Ability to interact efficiently with examiners and auditors.
Ability to create an efficient work environment paying close attention to detail.
Ability to handle multiple tasks simultaneously in fast paced environment.
Ability to maintain confidentiality.

EDUCATION AND EXPERIENCE:

Bachelors Degree or equivalent work experience with emphasis in Mathematics Statistics Management Information Systems Analytics preferred.
Comprehensive understanding of financial crimes suspicious activity and fraud monitoring customer risk rating and sanctions screening practices and supporting systems.
Ability to understand and apply data analysis to improve business processes resolve data issues and lead others to solve complex problems and find solutions.
Three-five years AML/CFT compliance experience preferred.
One-three years experience in data research analytical or quantitative discipline.
Fluent in Excel (Power BI or similar preferred)
Experience with Verafin preferred.

PHYSICAL REQUIREMENTS/WORK CONDITIONS: