Verafin Model Administrator
EagleBank
Banks
Bethesda, MD - USA
Specialist
Experteer Overview
As a Verafin AML Model Analyst, you will manage and optimize EagleBank’s Verafin transaction monitoring to detect money laundering, fraud, and suspicious activity. You’ll tune scenarios, manage alerts, and collaborate with BSA/AML stakeholders to balance effective detection with minimal false positives. You’ll QA system updates, monitor performance, and ensure regulatory alignment with BSA/AML requirements. This role blends analytics, cross‑functional teamwork, and ongoing process improvements in a compliance‑driven environment. You’ll contribute to scalable monitoring practices and support examinations with clear documentation and training.
Compensation / Benefits
- telecommuting flexibility
- maternity and parental leaves
- wellness discounts
- healthcare premium sharing
- employer HSA contributions
- 100% 401(k) matching up to 4%
Responsibilities
- Configure and optimize Verafin AML detection scenarios to identify suspicious activity while limiting false positives
- Perform regular tuning, threshold adjustments, and validation based on risk assessments and regulatory changes
- QA Verafin updates, new scenarios, and model changes before production
- Monitor alert volumes, investigate trends, and drive improvements in detection and processes
- Collaborate with BSA/AML investigators to refine detection parameters and improve alert quality
- Generate reports on alert volumes, disposition rates, and system performance metrics
- Ensure Verafin configurations comply with BSA/AML, USA PATRIOT Act, FinCEN guidance
- Provide SME training on Verafin platform to BSA/AML team; coordinate with IT/vendors on upgrades and data integration
- Support regulatory examinations with documentation of monitoring methodologies
- Prepare test requirements and scripts; assist with testing and trouble shooting hardware/software
- Run queries against databases and assist with monthly dashboards and ERM reporting
- Notify leadership about issues and enhancements; participate in cross-department meetings to resolve problems
Key requirements
- BA/BS in Finance, Business, Data Analytics, or related field
- 5 years of BSA/AML compliance experience in banking
- Experience with Verafin AML platform
- Attention to detail and accuracy
- Critical thinking and problem-solving abilities
- Ability to balance regulatory compliance with operational efficiency
- Collaborative and cross-functional teamwork
- Adaptability to regulatory and tech changes
- Analytical data interpretation skills
- Proficiency in Microsoft Excel and data analysis tools
- Understanding of model risk management principles
Description
As a Verafin AML Model Analyst, you will manage and optimize EagleBank’s Verafin transaction monitoring to detect money laundering, fraud, a…
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