Financial Crime Controls and Testing Analyst

Vast Bank is looking to hire a Financial Crime Controls and Testing Analyst!

We're a company that believes in taking care of the people who make working here possible. In addition to competitive compensation, we offer a leading employee benefit package:

Comprehensive benefits package & 401(k) match

Professional development- opportunities for advancement!

Tuition assistance

Transit reimbursement

Paid time off& more!

Summary Of Role The Financial Crime Controls and Testing role is responsible for supporting the delivery of the Bank’s Financial Crime Quality Assurance (QA) and Quality Control (QC) program, controls testing and oversight, procedure management, and issues management. The role supports these processes across the Financial Crime program, including anti-money laundering (AML)/countering the financing of terrorism (CFT), sanctions, and fraud. This role provides independent, ongoing monitoring to ensure regulatory compliance, internal policy adherence, data integrity, and adequacy, effectiveness, and efficiency of internal controls.

The role partners closely with the Financial Crime team, Compliance, Operations, and business line leaders to identify gaps, recommend corrective actions, and support continuous improvement of the Bank’s financial crimes risk management framework.

Major Duties and Responsibilities Support the design, maintenance, and execution of a comprehensive Financial Crime QA/QC framework.

Performs quality assurance reviews of Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, Fraud Prevention, OFAC, Customer Identification Program, and Customer Due Diligence compliance for the Bank and its third-party partners, as applicable.

Recommends process and control improvements based on QA findings, regulatory guidance, and industry best practices.

Conduct root-cause analysis to identify systemic issues or procedural weaknesses.

Assist in the design, maintenance, and execution of a Financial Crime control framework and testing plan.

Aid in delivering a strong issues management program which will help in identifying potential gaps/opportunities, as well as, addressing issues with a robust and timely action plan.

Validate adherence to internal policies, regulatory requirements and procedural guidelines.

Supports Fair Access Banking by ensuring controls and decisioning align with nondiscriminatory practices, consumer protection laws, and equitable access principles.

Maintain strong working knowledge of applicable regulations including BSA/AML, USA Patriot Act, OFAC, FFIEC BSA/AML Examination Manual, fraud risk management expectations.

Assist in validating model and system settings related to AML and fraud monitoring tools.

Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

Knowledge & Skills

Experience5+ years of experience in BSA/AML, fraud, risk, controls, or QA within a banking or financial services environment.

Strong understanding of Financial Crime risk assessment frameworks.

Familiarity with Fair Access Banking principles, consumer protection laws, and regulatory expectations.

Strong analytical skills with experience reviewing complex monitoring alerts, investigations, and transactions.

Education/Certifications/Licenses Bachelor’s degree in Finance, Accounting, Business, Risk Management, or related field; or equivalent work experience.

Interpersonal SkillsA significant level of trust and diplomacy is required to be an effective subject matter expert in the position. In-depth dialogues, conversations and explanations with customers, direct and indirect reports and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day-to-day experience. Communications can involve motivating, influencing, educating and/or advising others on matters of significance.

Role Important Behavioral Skills Strong communication skills to develop good working relationships and to promote cooperation and compromise among various departments.

Display the ability to research and comprehend a high level of knowledge in current and developing regulations.

Ability to develop and maintain effective working relationship at all levels by proactively participating and contributing to a positive work environment, controlling emotions and temperament, and exhibiting courteous, respectful, and professional behavior.

Ability to quickly adapt to changing environments, processes, and technologies. Technological ability and willingness to work remotely from home as required.

Strong organizational skills.

Ability to maintain composure under pressure or adverse circumstances, using effective strategies for managing personal stress.

Ability to maintain personal and work direction when faced with ambiguity.

ADA Requirements

Physical Requirements Is able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 25 lbs. Must be capable of…