BSA/ AML Senior Associate

OppFi is a tech-enabled, mission-driven specialty finance platform that broadens the reach of community banks to extend credit access to everyday Americans. Through best-in-class customer service, transparency, responsible lending, and financial inclusion, we support consumers, who are turned away by mainstream options, to build better financial health.

We are a team of caring, innovative, and inclusive individuals who thrive in being immersed in diverse talents, expertise, perspectives, and backgrounds. Our employees approach every new challenge with an unparalleled ability to see what could be rather than settle for what is. Our business principles guide us and create an open and collaborative culture where we improve 1% every day, and the best ideas always win! We welcome individuals who want to make an impact in the financial system by facilitating credit access, expanding financial inclusion, promoting financial health, and delivering exceptional customer service.

A few other fun facts about us. OppFi is one of the top consumer-rated financial platforms online, maintaining a 4.5/5.0-star rating on Trustpilot. We are a 2023 Crain’s Fast 50™ company and were named on Built In's 2024 Best Places to Work in Chicago.

About the job:

We are looking for a BSA/AML Senior Associate to join OppFi's Compliance department! You will report directly to our Director, BSA Officer. You will support the Anti-Financial Crimes program management and oversight.

 

What you get to do:

• Provide support and guidance to management while working collaboratively with the compliance team, Anti-Financial Crimes (AFC) team and other internal business partners
• Assist in providing direction on AFC matters company wide for new initiatives, ongoing enhancements and changes that affect key risk controls, system processes and training 
• Manage and complete BSA (Bank Secrecy Act) risk assessments, including identifying potential risks, evaluating the effectiveness of controls, and ensuring compliance with regulatory requirements
• Manage the implementation, support and rule tuning of the AML (Anti-Money Laundering) transaction monitoring system to ensure effectiveness and compliance with regulatory standards
• Lead responses to bank partner and audit inquiries regarding AFC controls and policies
• Develop and continuously evaluate/refine reporting of metrics/KRIs that measure the effectiveness of the AFC program and risk controls.
• Prepare decks and presentations to communicate implemented metrics, analysis, and insight to bank partners and key stakeholders
• Be a key stakeholder for special projects within the AFC department or other business initiatives that may require an AFC liaison.
• Demonstrate in-depth knowledge of technical BSA/AML/Sanctions regulatory and risk management requirements and demonstrate commitment to continuing involvement in training, certification and professional organizational activities.
• Review and provide Compliance approval of exception requests, new projects and business changes
• Act as a self-starter on other special projects and tasks for the BSA/AML/Fraud department with minimal direction.
• Identify necessary resources and actions to handle important work demands

 

What you will bring to the team:

• Bachelor's degree required
• 3+ years experience with BSA/AML/Fraud or compliance risk management or audit/exams at a financial institution
• Preferred: Certified Anti Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE)
• Proven ability to build strong strong relationships, working with all levels of both internal and external partners. 
• Demonstrated experience at influencing business partners to make necessary enhancements to controls, policies and procedures, systems, processes and techniques
• Strong knowledge of federal regulations under which OppFi operates; the Bank Secrecy Act (BSA), USA PATRIOT Act, Fair Credit Reporting Act (FCRA), Office of Foreign Asset Control (OFAC) and Sanction requirements and other financial crimes prevention laws, regulations and guidance.
• Strong work ethic, problem solving skills and sound judgment with an acute attention to detail
• Excellent skills in Excel, PowerPoint, Word, G Suite, and LexisNexis or other related investigative tools.  SQL and Jira knowledge abilities a plus
• Excellent communication skills, verbal and written

 

Reports to: Director, BSA/AML

Job Level:  Senior Associate

 

Total Rewards and Benefits:

The starting base salary for this position is $71,200 per year. The actual offer, reflecting the total compensation package and benefits, will be at the company’s sole