BSA/AML Technology and Reporting Team Lead

The BSA/AML Technology and Reporting Team Lead is responsible for performing quality control on all work submitted by the team’s analysts, providing guidance, training, and ensuring compliance with BSA/AML Reporting and Technology Standards. This position will assist in the development of models involving tuning, calibration, segmentation and optimization for regulatory compliance, foundation development for future modeling and calibration as regulations change, and monitoring and measuring the success of AML transaction monitoring, customer risk scoring and OFAC/sanctions screening models. In addition, this position  will also be responsible for compiling metrics regarding daily AML/CFT/OFAC Department productions and consolidating into Board Reporting presentations for quarterly updates.

Along with the key functions listed below, this position will be expected to uphold the value that WaFd Bank places on simply being kind when working alongside colleagues and servicing our clients.

A successful BSA/AML Technology and Reporting Team Lead must:

• Leads by example.
• Support both people management and process management, ensuring efficient team performance and streamlined operations.
• Is an effective communicator.
• Take ownership of initiatives and lead projects while successfully collaborating other projects across the team.
• Ensure high level of excellent service across the organization and proactively coordinates support from various functions across the company.
• Ensures compliance with company policies and regulations.
• Takes responsibility for continuing to seek ways to elevate their own skill development
• Collaborate with leadership for team growth and development
• Reflect the corporate values and ethics of WaFd Bank, including integrity, teamwork, ownership, simplicity, discipline, and service. In addition, they must be kind.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:

• Perform quality control on all work submitted by the team’s analysts, providing guidance, training, and ensuring compliance with BSA/AML Reporting and Technology Standards.
• Conduct reviews for new scenario implementations, monthly performance monitoring, and documenting quality control results to support KPI measurements.
• Create detailed plans regarding the scheduling of tuning and testing related to the production and pre-production monitoring rules within various AML responsibilities monitoring and OFAC/sanctions screening technology and analytics solutions systems
• Utilize visualization techniques to display data and the results of analysis in clear straightforward presentations that can be understood by non-technical readers
• Develop models and execute ongoing monitoring for client transactions
• Define the methodology/approach in a clear and concise manner to support the model optimization efforts.
• Play a key role in communicating issues identified during the tuning/testing process to management and IT programming/technical staff
• Develop documentation related to production and pre-production tuning efforts and parameter changes for AML transaction monitoring and OFAC/sanctions screening systems to ensure a comprehensive audit trail is maintained
• Assist management as directed for tracking system changes, data validation and parameter changes for AML monitoring and OFAC/sanctions screening systems to ensure a comprehensive audit trail is maintained
• Assist with the evaluation of monitoring and screening solutions and correcting errors to maintain systems following implementation
• Plan and preparing technical reports, memoranda, and desktop procedures in order to document program development
• Lead projects and successfully collaborating on larger projects
• Meet with internal audit, model validators and regulators as needed
• Compiling metrics regarding AML/CFT/OFAC Department production
• Creating Board decks with appropriate metrics from the AML/CFT/OFAC Department
• Trending analysis for AML/CFT/OFAC Department regarding production metrics and rule analysis

• Bachelor of Science degree;
• Four (4) to six (6) years of technology experience preferably in compliance in the securities or banking industries with a focus in governance and anti-money laundering activities needed;
• Statistical software packages such as SAS, SPSS, etc.;
• Knowledge of the laws applicable to money laundering, including the Bank Secrecy Act, the USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements;
• Strong knowledge of AML transaction monitoring systems and/or OFAC Sanctions screening systems;
• Effective writing, analytical, and communications skills.

At WaFd Bank you get all of these great benefits!

• Paid time off for vacation, sick days and holidays
• Health insurance
• Stock options
• Bonus programs
• Generous 7% 401(k) employer matching*
• Paid Parental Leave
• Life and AD&D insurance
• Long-term disability
• Tuition Reimbursement
• Employee assistance programs
• Pre-tax health and dependent-care spending plans

WaFd Bank Benefits Summary - Click here for more information

We are committed to Equal Employment Opportunity and Affirmative Action. We recruit, hire, train and promote persons in all job titles and ensure that all other personnel actions are administered without regard to race, color, religion, sex, sexual orientation, gender identity, military and/or veteran status, or disability in accordance with Executive Order 11246, Section 503 of the Rehabilitation Act of 1973, as amended, and the Vietnam Era Veterans Readjustment Assistance Act of 1974, which require affirmative action to ensure equal opportunity in all aspects of employment. WaFd Bank does not discriminate on the basis of national origin or citizenship status as provided under the Immigration Reform and Control Act of 1986, or any other Federal or State legally-protected classes. WaFd Bank is committed to providing reasonable accommodations to employees and applicants with disabilities to the full extent required by the Americans with Disabilities Act (ADA). If you feel you need a reasonable accommodation pursuant to the ADA, you are encouraged to contact us at 800.324.9375

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