Senior Financial Crimes Business Analyst - Umpqua Bank
Lake Oswego, OR
About the Job
Senior Financial Crimes Business Analyst
Financial Crimes
Tigard,
Oregon
Lake Oswego,
Oregon
Vancouver,
Washington
Description
About Us:
Umpqua Bank is headquartered in the Pacific Northwest with 5,000+ employees and offers banking services to customers throughout the nation. It’s an especially exciting time to join our team as, following the recent merger with Columbia Bank, we have grown to become a leading western-based regional bank with more than $50B in assets under management and an unwavering commitment to our associates, our customers, and our communities.
We create a great place to work by offering a special brand of relationship banking and by providing a culture where associates thrive. Associates who embody our core values fit in well here and we are eager to meet candidates who demonstrate behaviors that align with Trust, Ownership, Growth, Empathy, Teamwork, Heart, Enjoyment, and Relationships.
About the Role:
The Senior Financial Crimes Business Analyst is responsible for leading and implementing business requirements by applying regulatory and industry best practices. This role involves obtaining, defining, analyzing, prioritizing, and documenting business and system requirements with cross-functional teams, and communicating these requirements to solution providers for BSA/AML/Sanctions & Fraud. Key responsibilities include:
• Conduct analysis to create process flows, use cases, and test and training plans for AML, EDD, and Fraud teams within the Financial Investigations Department.
• Define and prioritize requirements to enhance BSA/AML & Fraud monitoring workflows, systems, and data interfaces.
• Develop data and metrics reporting, outlining AML monitoring and data transformation scenarios, and documenting business and workflow processes.
• Collaborate with a cross-functional team of technology and business partners to implement projects successfully, while enhancing efficiencies and improvements for BSA/AML & Fraud operations supporting ongoing monitoring.
+ Perform data analysis on customer and transaction data, and support and participate in data quality improvement, analysis activities and initiatives, governance processes including data mapping documents and traceability matrix.
+ Establish test plans and assist with test scenarios, interface between development and the technology risk support teams and manage user acceptance testing.
+ Advise vendor solution providers, development, testing and production support teams as needed with AML & Fraud transaction monitoring systems
+ Continuouslyimprove assessments of overall design, underlying theoretical approaches, data quality and controls, model specification and estimation, development testing, implementation, use, and approvals.
+ Analyze empirical model performance using statistical techniques such as back-testing, scenario analysis, stress-testing, stability and sensitivity testing, and benchmarking against self-developed challenger models.
+ Assist business partners to address the findings of validation review and analysis. Present results and recommendations for changes, continued use or rejection of models to model developers, model owners, executive sponsors, and corresponding governance committees
+ Assist model developers, model users, and model owners to conduct research, serves as a stakeholder liaison, facilitate issue resolution, system maintenance, and draft documents.
+ Identify, track, document and manage issues, constraints, and assumptions
+ Coordinate completely projects, ensure compliance with regulatory requirements, and drive continuous improvement in monitoring and detections processes.
+ Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities – knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.
+ Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.
+ Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation E, Fraud Risk Management and other regulations as applicable to this job description.
+ May be asked to coach, mentor, or train others and teach coursework as subject matter expert.
+ Actively learns, demonstrates, and fosters the Umpqua corporate culture in all actions and words.
+ Takes personal initiative and is a positive example for others to emulate.
+ Embraces our vision to become “Business Bank of Choice”
+ May perform other duties as assigned.
About You:
+ Bachelor’s Degree required.Required.
+ 2-5 yearsinbanking or financial services as a Data Scientist, Quantitative Risk Analyst, Model Developer, or similar.Required
+ Minimum of 2 years’ experience in business system analysis at a financial institution
+ Expertise in process and data flow creation, basic data modeling, and business process improvement
+ Proficient in system and product development lifecycle and standard documentation
+ Skilled in data analysis, data quality evaluation, and defining requirements for data sourcing and validation
+ Minimum of 2 years facilitating and conducting UAT
+ Proven ability to assistwith modelvalidations, and complete ongoing model maintenance, testing and tuning.
+ Strong communication, presentation, and project management discipline
+ Strong Microsoft Office skills, proficient in Excel, knowledgeable in relational databases, ability to write and execute SQL queries
+ Extensive knowledge of how to understand business requirements and business process management, then translate them toparticular reporting, system, or workflow requirements
+ Ability to multi-task and work on competing priorities.
+ CAMSCertified Anti-Money Laundering Specialist.Willingness to Obtain.Preferred
Workstyle: Fully onsite.
Our Benefits:
We offer a competitive total rewards package including basewagesand comprehensive benefits. Thepayrange for this role is $75,000.00 -$110,000.00, and the pay rate for theselected candidate isdependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The rolemay beeligible for performance-based incentive compensation and those details will be provided during the recruitment process.
We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays. Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.
Our Commitment to Diversity :
Umpqua Bank isan equal opportunityand affirmative actionemployercommitted to employing, engaging, and developinga diverse workforce.Allqualifiedapplicants will receive considerationfor employmentwithout regard to race, color,national origin,religion, sex, age, sexual orientation, gender identity, gender expression, protected veteran status, disability, or any other applicable protected status or characteristics.If you require an accommodation to complete the application or interview(s),please let us know by email: [email protected] .
To Staffing and Recruiting Agencies:
Our posted job opportunities are onlyintendedfor individuals seekingemploymentat Umpqua Bank.Umpqua Bank does not accept unsolicited resumes or applications from agencies and Umpqua Bank will not be responsible for any fees related to unsolicited resume submissions.Staffing and recruiting agencies are not authorized to submit profiles, applications,or resumestothis site or toany Umpqua Bank employeeand any such submissionswill be consideredunsolicitedunlessrequesteddirectlyby a member of the Talent Acquisition team.
Financial Crimes
Tigard,
Oregon
Lake Oswego,
Oregon
Vancouver,
Washington
Description
About Us:
Umpqua Bank is headquartered in the Pacific Northwest with 5,000+ employees and offers banking services to customers throughout the nation. It’s an especially exciting time to join our team as, following the recent merger with Columbia Bank, we have grown to become a leading western-based regional bank with more than $50B in assets under management and an unwavering commitment to our associates, our customers, and our communities.
We create a great place to work by offering a special brand of relationship banking and by providing a culture where associates thrive. Associates who embody our core values fit in well here and we are eager to meet candidates who demonstrate behaviors that align with Trust, Ownership, Growth, Empathy, Teamwork, Heart, Enjoyment, and Relationships.
About the Role:
The Senior Financial Crimes Business Analyst is responsible for leading and implementing business requirements by applying regulatory and industry best practices. This role involves obtaining, defining, analyzing, prioritizing, and documenting business and system requirements with cross-functional teams, and communicating these requirements to solution providers for BSA/AML/Sanctions & Fraud. Key responsibilities include:
• Conduct analysis to create process flows, use cases, and test and training plans for AML, EDD, and Fraud teams within the Financial Investigations Department.
• Define and prioritize requirements to enhance BSA/AML & Fraud monitoring workflows, systems, and data interfaces.
• Develop data and metrics reporting, outlining AML monitoring and data transformation scenarios, and documenting business and workflow processes.
• Collaborate with a cross-functional team of technology and business partners to implement projects successfully, while enhancing efficiencies and improvements for BSA/AML & Fraud operations supporting ongoing monitoring.
+ Perform data analysis on customer and transaction data, and support and participate in data quality improvement, analysis activities and initiatives, governance processes including data mapping documents and traceability matrix.
+ Establish test plans and assist with test scenarios, interface between development and the technology risk support teams and manage user acceptance testing.
+ Advise vendor solution providers, development, testing and production support teams as needed with AML & Fraud transaction monitoring systems
+ Continuouslyimprove assessments of overall design, underlying theoretical approaches, data quality and controls, model specification and estimation, development testing, implementation, use, and approvals.
+ Analyze empirical model performance using statistical techniques such as back-testing, scenario analysis, stress-testing, stability and sensitivity testing, and benchmarking against self-developed challenger models.
+ Assist business partners to address the findings of validation review and analysis. Present results and recommendations for changes, continued use or rejection of models to model developers, model owners, executive sponsors, and corresponding governance committees
+ Assist model developers, model users, and model owners to conduct research, serves as a stakeholder liaison, facilitate issue resolution, system maintenance, and draft documents.
+ Identify, track, document and manage issues, constraints, and assumptions
+ Coordinate completely projects, ensure compliance with regulatory requirements, and drive continuous improvement in monitoring and detections processes.
+ Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities – knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.
+ Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.
+ Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation E, Fraud Risk Management and other regulations as applicable to this job description.
+ May be asked to coach, mentor, or train others and teach coursework as subject matter expert.
+ Actively learns, demonstrates, and fosters the Umpqua corporate culture in all actions and words.
+ Takes personal initiative and is a positive example for others to emulate.
+ Embraces our vision to become “Business Bank of Choice”
+ May perform other duties as assigned.
About You:
+ Bachelor’s Degree required.Required.
+ 2-5 yearsinbanking or financial services as a Data Scientist, Quantitative Risk Analyst, Model Developer, or similar.Required
+ Minimum of 2 years’ experience in business system analysis at a financial institution
+ Expertise in process and data flow creation, basic data modeling, and business process improvement
+ Proficient in system and product development lifecycle and standard documentation
+ Skilled in data analysis, data quality evaluation, and defining requirements for data sourcing and validation
+ Minimum of 2 years facilitating and conducting UAT
+ Proven ability to assistwith modelvalidations, and complete ongoing model maintenance, testing and tuning.
+ Strong communication, presentation, and project management discipline
+ Strong Microsoft Office skills, proficient in Excel, knowledgeable in relational databases, ability to write and execute SQL queries
+ Extensive knowledge of how to understand business requirements and business process management, then translate them toparticular reporting, system, or workflow requirements
+ Ability to multi-task and work on competing priorities.
+ CAMSCertified Anti-Money Laundering Specialist.Willingness to Obtain.Preferred
Workstyle: Fully onsite.
Our Benefits:
We offer a competitive total rewards package including basewagesand comprehensive benefits. Thepayrange for this role is $75,000.00 -$110,000.00, and the pay rate for theselected candidate isdependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The rolemay beeligible for performance-based incentive compensation and those details will be provided during the recruitment process.
We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays. Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.
Our Commitment to Diversity :
Umpqua Bank isan equal opportunityand affirmative actionemployercommitted to employing, engaging, and developinga diverse workforce.Allqualifiedapplicants will receive considerationfor employmentwithout regard to race, color,national origin,religion, sex, age, sexual orientation, gender identity, gender expression, protected veteran status, disability, or any other applicable protected status or characteristics.If you require an accommodation to complete the application or interview(s),please let us know by email: [email protected] .
To Staffing and Recruiting Agencies:
Our posted job opportunities are onlyintendedfor individuals seekingemploymentat Umpqua Bank.Umpqua Bank does not accept unsolicited resumes or applications from agencies and Umpqua Bank will not be responsible for any fees related to unsolicited resume submissions.Staffing and recruiting agencies are not authorized to submit profiles, applications,or resumestothis site or toany Umpqua Bank employeeand any such submissionswill be consideredunsolicitedunlessrequesteddirectlyby a member of the Talent Acquisition team.
Source : Umpqua Bank