Summer Associate Internship (Business Intelligence Analyst)

Navy Federal Credit Union - Vienna, VA

Full-time - Intern

Vienna, VA

Credit Intermediation and Related Activities

About the position

The Summer Associate Internship for a Business Intelligence Analyst at Navy Federal Credit Union is an opportunity to join the BSA/AML & OFAC Compliance Team, which plays a crucial role in ensuring the organization adheres to regulatory compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) laws, and the Office of Foreign Assets Control (OFAC) sanctions laws. This team is dedicated to combating financial crime and terrorist activity, thereby safeguarding the financial system and the country. The responsibilities of the team include filing essential regulatory reports such as Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs), managing the Customer Identification Program (CIP), and conducting Enhanced Due Diligence (EDD) for high-risk customers. The BSA/AML Team operates under the Office of General Counsel at Navy Federal. As a Summer Associate, you will collaborate with a team of skilled Data Scientists, Data Analysts, and Systems Analysts focused on enhancing the BSA/AML program. Your role will involve applying data and analytics to improve the identification of suspicious activities, ensure compliance with regulatory requirements, and enhance the quality of member data. You will engage in various projects, including analyzing member data quality against compliance requirements, making recommendations for data quality improvements, developing executive reports and dashboards, and learning about new patterns in financial crime to develop detection models. Additionally, you will be responsible for creating processes for continuous monitoring of data pipelines to ensure the integrity of data used in BSA/AML models and conducting exploratory analyses to uncover insights from existing data.

Responsibilities

• Perform qualitative and quantitative analysis of BSA/AML and OFAC data for operational, compliance, and other business-related purposes
• Collaborate with BSA/AML leaders and teams to develop and maintain performance metrics, reports, and dashboards
• Obtain quantitative and qualitative data about business processes to analyze, determine and promote data driven decisions and changes to the compliance program
• Design and document dashboards, reports, and thresholds to monitor business operations and data pipelines
• Build new and/or modify existing database/data warehouse/data mart and business intelligence solutions to meet business and system requirements
• Provide recommendations to management to improve compliance with BSA/AML and OFAC requirements
• Compile, research and analyze trends in support of projects and initiatives

Requirements

• Studying data analytics, data science, information systems, and/or a related field
• Advanced problem solving and resolution skills, including determining root cause, scope and scale of issues
• Ability to research, compile, and document data, business processes, and workflow
• Ability to present findings, conclusions, alternatives and information clearly and concisely
• Ability to analyze business requirements and recommend solutions
• Ability to manage multiple priorities independently and/or in a team environment to achieve goals
• Developing skills in programming languages, statistical methods, mathematical techniques, cost-benefit analysis, and related analytical tools
• Effective verbal and written skills
• Knowledge about BSA/AML & OFAC Compliance and Financial Crimes is a plus

Benefits

• Highly competitive pay
• Generous benefits and perks
• Recognition as one of the best companies for various demographics and categories
• Hybrid workplace flexibility
• Opportunities for career growth and development