Senior Data Analyst - Compliance

Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented colleagues who put our customers first and achieve better results for our clients.

Why join us?

• An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 11 years) and Employee Recommended award by the Globe & Mail (past 6 years).

• Competitive pay and discretionary or incentive bonus eligible.

• Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few

• Promote from within culture.

Why join this team?

• Hybrid Work Schedule – Split your time working remotely and at our Corporate Headquarters in Rosemont, IL.

• We foster an inclusive environment for an individual to grow and work independently.

• Opportunity to interact with management level, experienced professionals - higher visibility.

• Wintrust has a great compliance culture that comes from the top.

• Gain experience and further your career by joining a growing organization.

Position Overview

The Senior Compliance Data Analyst position is responsible for the development, tuning, analysis, and ongoing maintenance of Bank Secrecy Act (BSA)/Anti-Money Laundering (AML)/OFAC risk related models, including Data Validation, and is also responsible for application of Data Science and Analytics for BSA/AML/OFAC business uses.  Through these tasks, the position provides compliance oversight of the regulatory requirements of BSA/AML/USA Patriot Act and OFAC Laws, as well as, the general support of Wintrust’s BSA/AML/OFAC Program, Policies, and Procedures.  The role can be expected to have a blend of Business and Systems functions, with a need to combine business and compliance understanding with technical aptitudes and skills. The Senior Data Analyst position is expected to have seasoned experience and developed skills sets to address business problems, and is occasionally involved in unit related projects. 

What You’ll Do

• BSA/AML/OFAC Modeling – Includes the start to finish development, testing, tuning, and implementation of BSA Department Models.  Activities are conducted on both 3rd party purchased models as well as homegrown models.  This includes but not limited to writing of code, the training / fitting of the model parameters, and meeting model risk management governance requirements.

• Applied Data Science & Analytics – Includes the application of Data Science & Analytics to address new and existing business challenges within the subject of BSA/AML/OFAC. This includes discovery and clear reporting of business insights through data visualization tools, as well as recommending, developing, and implementing best practice business solutions. 

• Documentation & Presentation – Includes complete & clear documentation of the Modeling and Analytic activities, as well as presentation of insights and recommendations to BSA Leadership.

• Modeling & Analytics Subject Matter Expert Liaison – This position is expected to act as a key contact point for other Wintrust units that have overlapping interest.  These other units are principally IT Application Support, Project Management, IT Data Management, and other Compliance data analysts.  The position is expected to represent BSA from a Model and Analytics impact perspective.

• Scrutiny Response – Includes responding to inquiries from internal and external validators, as well as regulators.  Responses include but are not limited to explaining models and solution processes clearly, as well as addressing any official findings and/or recommendations.

• Other Duties – Includes addressing other duties as assigned relevant to the BSA Model Development Unit.

Qualifications

• 4-7 years of related experience

• Bachelor’s degree in Data Science, Analytics, Finance, Computer Science, or other Applied Quantitative Field (Significant Experience, or Degree Candidacy in-lieu of Degree)

• Preferred applied experience in the Field of AML, Fraud, Financial Crimes or other transferable field.

• Advanced Excel skills, including complex formulas, data transformation and queries (Power Query), PivotTables, data analysis, chart creation, and automation through macros / VBA.

• Strong statistical background including experience in predictive modeling, hypothesis testing, regression analysis, and proficiency in statistical software (e.g., R, Python, SAS).

• Preferred experience with machine learning models, SQL, and PowerBI or related tools.

Benefits

Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance

Compensation

The estimated salary range for this role is $98,000-$132,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate’s qualifications, skills and experience.

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From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago’s Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.