Provides administrative functions within the bank’s transaction monitoring software (TMS), Nasdaq’s 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 bank’s 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:
Bachelor’s 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 bank's geographical footprint may be considered.
Benefits
We offer fair and competitive compensation as well as bonus based on an employee's years of service and possible discretionary merit bonuses. Employees also have the opportunity to participate in the Bank incentive programs based on charter/branch guidelines. Other benefits include:
8 paid holidays.*
17 PTO days each year for the first five years of employment. Employees must also complete the 90-day introductory period prior to accruing PTO.*
After five years, 22 PTO days each year.*
After ten years, 27 PTO days each year.*
Employees must also complete the 90-day introductory period prior to accruing PTO.*
New employees will receive 16 hours of paid sick time upon their hire date.*
Health, dental, prescription drug card, vision, and voluntary life insurance plans.
Health Savings Account with employer contributions.
Flexible medical and dependent care spending plans.
Parental Leave after one year of full time employment.
401K plan after 3 months and start of next quarter with employer contributions and profit sharing.
Free checking account and basic printed checks.
Free safe deposit box.
$50,000 group term life insurance.
Long term disability insurance.
Employee Assistance Program.
Educational Assistance.
*Paid holidays and paid time off benefits are not applicable for employees that are fully commissioned.
We are an Equal Employment/Affirmative Action employer. We do not discriminate in hiring on the basis of sex, gender identity, sexual orientation, race, color, religious creed, national origin, physical or mental disability, protected Veteran status, or any other characteristic protected by federal, state, or local law. If you need a reasonable accommodation for any part of the employment process, please contact us by email at personnel@pinnbank.com or by phone at 402-697-8666 and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this e-mail address. For more information, view the EEO KNOW YOUR RIGHTS and PAY TRANSPARENCY STATEMENT.
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