Fraud AML Analyst

Nelnet is a diversified and innovative company committed to enriching lives through the power of service as a student loan servicer professional services company consumer loan originator and servicer payments processor renewable energy solutions and K-12 and higher education expert. For over 40 years Nelnet has been serving its customers associates and communities.

The perks of working at Nelnet go beyond our benefits package. When you join the Nelnet team youre part of a community invested in the success of each individual. That support comes through in our work as we are united by our mission of creating opportunities for people where they live learn and work.

JOB RESPONSIBILITIES:
1. Work closely with the Banks Fraud Manager and BSA/AML Officer as well as the Nelnet Inc. Financial Crimes Risk Management (FCRM) and Bank Technology teams to ensure the BSA/AML and OFAC programs are well designed prepared to scale for growth and are operating in compliance with applicable laws and regulations.

2. Monitor transaction activity across multiple channels to identify suspicious patterns anomalies and potential fraud or money laundering indicators in real time and through batch review.

3. Review and disposition system-generated alerts from fraud detection and AML transaction monitoring platforms conducting thorough investigations to determine whether escalation is warranted.

4. Assist with screening activities including OFAC and Information Sharing to ensure screening occurs as intended alerts are actioned and resolved appropriately and documentation and reporting supports the screening processes.

5. Support Customer Due Diligence (CDD) Know Your Customer (KYC) and customer risk rating processes and related investigative activities and resulting documentation.

6. Perform Enhanced Due Diligence (EDD) on high-risk customers accounts and counterparties including review of identification documents source of funds and business relationships.

7. Maintain working knowledge of applicable regulations including the Bank Secrecy Act USA PATRIOT Act OFAC requirements and relevant state laws.

8. Prepare for and participate in regulatory and internal reviews and audits.

9. Assist with first-line Fraud BSA/AML and OFAC activities to identify trends and emerging fraud and money laundering typologies and communicate findings to management to inform control enhancements.

10. Other initiatives special projects and duties as assigned.

EDUCATION:
1. Bachelors Degree preferably in related field and/or 2-3 years related experience.

2. Nice to have CAMS CFCS and/or CFE

EXPERIENCE:
1. Financial institutions and online banking

2. Fraud and/or BSA/AML experience including awareness and knowledge of fraud investigations CIP KYC CDD/EDD Customer Risk Rating SAR investigations and filing

3. OFAC experience including awareness and knowledge of front-end and back-end screening screening tools alert clearing and disposition and OFAC reporting
4. Knowledge and understanding of BSA/AML and OFAC regulations
5. Must possess ability to engage others and to work collaboratively with all departments across the organization

COMPETENCIES SKILLS/KNOWLEDGE/ABILITIES:
1. Excellent analytical and problem-solving skills
2. Organized process and detail oriented and driven toward measurable result
3. Experience with Fraud investigations
4. Knowledge and understanding of laws and regulations relating to BSA/AML and OFAC
5. Experience with development of policies and procedures
6. Ability to take direction and then work independently on multiple issues concurrently and to exercise independent judgment in establishing priorities
7. Ability to succeed in a fast pace heavy workload entrepreneurial environment
8. Ability to communicate complex concepts clearly
9. Excellent oral and written skills
in Microsoft Office Suite of products

11. Comfort building and using AI tools to support fraud and financial crime investigations

**Pay Range for this role is$85000

Our benefits package includes medical dental vision HSA and FSA generous earned time off 401K/student loan repayment life insurance & AD&D insurance employee assistance program employee stock purchase program tuition reimbursement performance-based incentive pay short- and long-term disability and a robust wellness program. Click here to learn more about our benefits: LINK.

Nelnet is committed to providing a welcoming and respectful workplace where all associates have the opportunity to succeed. As an Equal Opportunity Employer we ensure that all qualified applicants are considered for employment. Employment decisions are made without regard to race color religion/creed national origin gender sex marital status age disability use of a guide dog or service animal sexual orientation military/veteran status or any other status protected by federal state or local law. We value the unique contributions of every team member and believe that a positive work environment benefits everyone.

Qualified individuals with disabilities who require reasonable accommodations in order to apply or compete for positions at Nelnet may request such accommodations by contacting Corporate Recruiting at or.

Nelnet is a Drug Free and Tobacco Free Workplace.