Financial Crime

• This position is an individual contributor role residing within the Bank’s Second Line of Defense Risk Management and Compliance organization.
• Specifically, this position supports the Model Risk Management (“MRM”) program at the Bank.
• The overall MRM program is designed to provide governance and control around impactful institutional models per the Bank’s Model Risk Management Policy and Standards, and in adherence to applicable Regulatory Guidance.
• The individual in this position works with Model Owners and Developers to validate models related to the Bank's Compliance and Financial Crimes groups, which can include Anti-Money Laundering (AML), Cybersecurity, Economic Sanctions/OFAC, and Fair Lending.
• The Analyst may also interface with key stakeholders, regulators, and internal auditors to discuss the justification and reasoning behind various validation and review outcomes.
• During validation, the Analyst will independently challenge the model’s conceptual framework and methodology, data integrity and usage, implementation framework, process/governance, ongoing performance, etc.
• The Analyst will generate reporting to document and present observations made to model owners and developers for consideration, with any material concerns or weaknesses identified.
• Any items that require corrective actions to be taken by the model risk owners with then be tracked by the Analyst to remediation.

Senior Model Validation Analyst – Compliance, Financial Crimes, AML, Sanctions, Fair Lending

• Assess and manage risks impacting the company
• Participate in projects ensuring compliance with laws
• Inform policies to maximize profit potential and minimize regulatory exposure

Business Risk Professional 6 – AML

• Monitors systems, databases, information, processes or procedures
• Identifies and escalates matters requiring attention to the appropriate area
• Performs work on projects and initiatives
• Assists in the assessment and implementation of internal policies and procedures to ensure compliance with laws and regulations
• Coordinates the collection and/or compilation of data, compiles and provides reports
• May assist in report development, analyzes data
• Provides guidance, support and recommendations to Lines of Business
• Assists in the implementation of business risk initiatives

Business Risk Specialist 3 – AML

• Analyze alerts, investigate potential money laundering, terrorist financing, and sanctions risks.
• Ensure compliance with applicable U.S. and international regulatory requirements, including OFAC, BSA/AML, and related global sanctions regimes.
• Provide independent Second Line of Defense compliance advice, support, and oversight to the US business units.
• Review and investigate AML and sanctions alerts generated through screening systems.
• File Suspicious Activity Reports (SARs) with FinCEN, ensuring accuracy, completeness, and timely submission.
• Prepare and submit OFAC Blocked Property and Rejected Transaction Reports, ensuring accuracy, timeliness, and full compliance.
• Maintain awareness of regulatory developments and emerging financial crime risks.
• Assist with enhanced due diligence (EDD) reviews of new and existing clients.
• Provide ongoing support to Compliance teams and cross‑functional workstreams.

Anti-Money Laundering and Sanctions Analyst

• Partners with their assigned Line of Business, other Risk/Compliance/Audit (RCA) professionals, and RCA Managers to, depending on their function, create, implement, maintain, review or oversee an effective risk management framework.
• Participates in projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations.
• Identifies gaps and informs solutions that minimize losses resulting from inadequate internal processes, systems or human errors.
• Identifies, responds and/or escalates risks as appropriate.
• Serves as a functional liaison between the Line of Business and the Lines of Defense.

Financial Crime jobs in Minnesota

See all jobs on JobTailor

Senior Model Validation Analyst – Compliance, Financial Crimes, AML, Sanctions, Fair Lending

Business Risk Professional 6 – AML

Business Risk Specialist 3 – AML

Anti-Money Laundering and Sanctions Analyst

AML/Fraud Intake – Analyst