Navy Federal Credit Union - Vienna, VA
posted 3 months ago
The BSA/AML & OFAC Compliance Team at Navy Federal plays a crucial role in ensuring the organization's adherence to regulatory compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) laws, and the Office of Foreign Assets Control (OFAC) sanctions laws. These regulations are vital for financial institutions and government agencies in the fight against financial crime and terrorism, thereby safeguarding the financial system and national security. The team is responsible for filing essential regulatory reports, including Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs), and managing Navy Federal's Customer Identification Program (CIP) while conducting Enhanced Due Diligence (EDD) for high-risk customers. This internship position is designed for students who are eager to gain hands-on experience in a high-performing team of Data Scientists, Data Analysts, and Systems Analysts dedicated to enhancing the BSA/AML program. As a Summer Associate, you will engage in a 12-week internship program starting in May 2025 and concluding in August 2025. During this time, you will work on impactful projects that contribute to the effectiveness of identifying suspicious activities, ensuring compliance with regulatory requirements, and improving the quality of member data. The internship will provide opportunities to analyze Navy Federal member data quality against BSA/AML and OFAC compliance requirements, make recommendations for data quality improvements, develop executive reports and dashboards, and learn about emerging patterns in financial crime. You will also be involved in developing processes for continuous monitoring of data pipelines and conducting exploratory analyses to uncover insights related to compliance procedures. This role is ideal for students pursuing degrees in data analytics, data science, information systems, or related fields, who are looking to apply their academic knowledge in a practical setting while contributing to a significant compliance initiative.