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.

Please note: Qualified candidates must have 3+ years of strong BSA advisory experience, not investigatory.

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
• Required: 3+ years dedicated BSA/ AML/ Compliance advisory experience
• 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 discretion and determined by a myriad of factors including, but not limited to, years of experience, depth of experience, and other relevant business considerations. The total compensation package includes eligibility and potential for performance-based bonuses as well as equity grants dependent upon the role and job level.

OppFi offers a flexible, remote environment, 401(k) matching program, and generous paid time off. Other benefits include medical, dental, and vision coverage, and tuition reimbursement. There are also additional benefits, including DoorDash DashPass, Figo pet insurance, Rocket Lawyer, and access to LinkedIn Learning. OppFi also offers Fringe, which is a lifestyle benefits platform that allows employees to decide how to spend rewards from dozens of vendors like Uber, DoorDash, and UrbanSitter. #LI-Remote

EEO Statement:

OppFi is an equal opportunity employer and does not discriminate based on any actual or perceived legally recognized protected bases under local, state, federal law, or regulations. Our goal as a company is to build an equitable workplace that actively works to dismantle systems of oppression in our processes, procedures, and interactions. We aim to help our employees thrive where they work and beyond. Check out our Culture page here.

As part of OppFi’s commitment to providing equal opportunity to qualified individuals, OppFi will ensure that persons with disabilities are provided reasonable accommodation as defined by applicable laws and organizational policies. If reasonable accommodation is needed to participate in the job application or interview processes or job requirements, please contact our People Team at recruiting@oppfi.com.

Pursuant to the requirements of the California Consumer Privacy Act, OppFi is providing the "OppFi California Employee Privacy Policy", which details the categories of personal information collected and your rights under the policy. If you are a California resident, please review the policy here: https://www.oppfi.com/careers/.

The information in this document is for general informational purposes only. It is not intended to be an all-inclusive list or description of the organization and its requirements for positions and employees. OppFi reserves the right to modify or change the information on this document at its discretion.