Financial Crimes QA Analyst

The Financial Crimes QA Analyst will be responsible for performing analysis to assess various products, services, and areas of the bank for BSA/AML/Fraud/OFAC compliance with applicable regulation and to identify risk. This position will routinely use analytical methods to evaluate and validate data, to evaluate controls and processes to ensure they are effective and working as intended to mitigate risk, to identify potential risks, gaps, or areas of non-compliance and provide recommendations for process improvements.

1. Independently analyze products, services, controls, and processes relating to BSA/AML/OFAC regulatory requirements and Fraud detection/prevention, employing various testing methods such as data analysis, observation, interviews, or other audit techniques.
2. Works collaboratively with various business units and other team members throughout the process to identify risk or gaps, determine testing objectives, and scope.
3. Drafts and provides analysis results to key stakeholders with recommendations for processes, controls, and/or procedural enhancements.
4. Tracks and validates the implementation of recommendations or actions submitted to the business units to ensure issues identified during testing are remediated.
5. Utilizes discretion and independent judgment to ensure all bank processes are assessed in accordance with the bank's BSA/AML/OFAC/Fraud Programs with consideration of applicable regulations.
6. Stays informed of product details as well as emerging issues and regulatory/procedural changes to identify opportunities to enhance the program.
7. Maintains industry, bank and regulatory awareness for new product risk.
8. Assesses and analyzes the processes and controls to evaluate the design and operating effectiveness of the BSA/AML/OFAC/Fraud Programs.
9. Demonstrates the ability to utilize analytical methods and discretion to identify potential anomalies in data or areas for process improvement.
10. Utilizes independent judgment to review the key risk indicators for the purpose of identifying and assessing emerging or continued BSA/AML/OFAC/Fraud risk factors.
11. Determines the appropriate data and documentation required, along with the appropriate testing technique, compile, to develop and administer testing activities to evaluate compliance and support the bank's risk assessments.
12. Assist with building, maintaining, and updating various management reports.
13. Assist in the creation, management, and organization of the department's BSA/AML/OFAC/Fraud policies, procedures, and corresponding risk assessments.
14. Assist with gathering data for audits and regulatory exams, as needed.
15. Independently manage assigned projects and tasks in a timely manner.
16. Ensure quality, accuracy, and completeness for assigned projects and tasks.

Position Requirements:

Self-motivated individual who possesses the following:

• Bachelor's degree, required
• A minimum of 1-3 years of prior auditing or compliance testing experience, required
• Prior experience working in a financial institution or with BSA/AML/Fraud/OFAC, strongly preferred.
• Strong analytical and critical thinking skills are required - ability to problem solve, review and analyze data, locate its source, effectively assess risk, identify the root cause of issues and identify operational efficiencies.
• Strong project management skills and the ability to work independently with minimal direction are required
• Demonstrated ability to effectively manage multiple tasks to ensure quality and adhere to established deadlines.
• Excellent oral and written communication skills
• Excellent attention to detail
• Strong interpersonal skills, collaboration, and the ability to adapt to changing situations and be open to different perspectives.
• Strong skills required in Microsoft Office with demonstrated ability to utilize Word and Excel
• Financial institution experience with knowledge of the Bank Secrecy Act, Fraud, and familiarity with banking processes and products is preferred
• Ability to establish and maintain harmonious working relationships with co-workers and other business units
• **This position is onsite in the Oklahoma City office