The Financial Crimes QA Specialist is responsible for assisting with analyzing and understanding policy, procedure, and regulations related to BSA/AML, OFAC, and Fraud in order to analyze data and conducting quality assurance testing to monitor compliance and best practices, and identify risk or gaps in controls.
- Independently execute testing activities in accordance with scope or procedure to ensure controls are functioning in adherence to Bank policy and/or regulation
- Work collaboratively with QA Analysts and QA Manager to help ensure testing activities adequately address the goals of testing/scope.
- Assist with tracking and monitoring corrective action/follow-up activities.
- Conduct testing by using various testing methods and accurately interpret and record results
- Identify control and process weaknesses through testing activities and assist in determining root cause analysis
- Conduct follow-up testing activities to provide assurance that remediation adequately addresses risk
- Consistently prepare documentation to accurately and effectively outline the testing activities and results to support results
- Routinely demonstrate concise and professional communication, both written and verbal
- Assist in the creation and management of the department's policies, procedures, and various templates.
- Review, research, and evaluate Bank programs, policy, procedure, and systems for various business units
- Understand BSA and OFAC regulatory requirements and Fraud risk
- Complete assigned tasks to help achieve departmental initiatives which may include special projects, testing new products or services, collecting and creating data for audits, risk assessments, regulatory exams or other QA activities
- Promote continuous improvement by participating in training opportunities and offering innovative solutions to streamline processes and improve efficiencies
- Perform miscellaneous job-related duties and special projects, as assigned
Position Requirements:
Self-motivated individual who possesses the following:
- Associates degree strongly preferred. A high school diploma with 2+ years of strong commensurate experience in audit, compliance testing, or risk analysis may be considered in lieu of a degree.
- 1 - 2 years of prior experience in compliance/controls testing, data validation, or BSA/AML/Fraud analysis.
- Strong analytical and critical thinking skills are required - ability to accurately and efficiently conduct testing, problem-solve, review and analyze data, assess risk, and conduct root cause analysis
- Excellent organizational and time management skills to successfully manage multiple assignments, large amounts of data and information, and meet established timelines
- Excellent oral and written communication skills
- Demonstrate advanced skills in using Microsoft Office applications, particularly Excel
- Self-starter with a strong work ethic, independent initiative, attention to detail, and interpersonal skills.
- Strong attention to detail and interpersonal skills
- Knowledge of and experience with various testing methods used to evaluate controls and identify risk
- Adaptability and learning ability in a fast-paced environment with new products and services, changes to regulation and risk, and adapting to new technologies and systems.
- Prior experience in banking and/or with BSA/AML/Fraud knowledge is preferred.
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Skills Required
- 1-2 years prior experience in compliance/controls testing, data validation, or BSA/AML/Fraud analysis
- Ability to analyze BSA/AML, OFAC, and Fraud policies, procedures, and regulations and apply them in testing
- Execute testing activities and accurately interpret and record results
- Track and monitor corrective action and follow-up activities
- Strong analytical and critical thinking skills, including root cause analysis
- Advanced Microsoft Office skills, particularly Excel
- Excellent organizational, time management, oral and written communication skills
- Knowledge of various testing methods used to evaluate controls and identify risk
- Attention to detail, interpersonal skills, and ability to work independently
- Adaptability and ability to learn new products, systems, and regulatory changes
- Associates degree (strongly preferred)
- Prior banking experience and/or BSA/AML/Fraud knowledge (preferred)
- High school diploma with 2+ years of audit, compliance testing, or risk analysis may be considered in lieu of degree
MidFirst Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about MidFirst Bank and has not been reviewed or approved by MidFirst Bank.
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Healthcare Strength — Health, dental, and vision coverage are available to eligible full‑time and part‑time employees, with company‑paid long‑term disability and an EAP included. Medical plans through Blue Cross Blue Shield and wellness incentives that can lower premiums are highlighted.
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Retirement Support — A company 401(k) match with a clear formula and a defined vesting schedule provides meaningful retirement support. Eligibility and enrollment timing are specified, reinforcing predictable access to the plan.
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Leave & Time Off Breadth — Paid vacation, paid sick leave, and paid holidays are emphasized, with a paid community service day also referenced. Time‑off offerings are portrayed as generous across materials.
MidFirst Bank Insights
What We Do
MidFirst Bank occupies a rare position within the banking industry. With $41.2 billion in assets, MidFirst Bank is the largest privately owned bank in the country. This combination of size and private ownership provides our customers with a special brand of banking. MidFirst Bank offers a full range of personal, commercial, trust, private banking and mortgage banking products and services. MidFirst is a strong commercial real estate lender and a major servicer of mortgage loans nationally. As a private business ourselves, we understand the unique needs of each business community we serve at each of our locations in Arizona (Phoenix), California (Los Angeles, Orange County, Santa Barbara, San Diego), Colorado (Boulder, Denver, Edwards, Fort Collins), Nevada (Las Vegas), Oklahoma (Oklahoma City, Tulsa, Western Oklahoma), Texas (Dallas, Houston, San Antonio) and Utah (Salt Lake City). Additionally, MidFirst Bank has commercial lending offices in Atlanta, Chicago, Nashville, New York City, Orlando, Raleigh and Southern California. We serve Southern California through 1st Century Bank, a division of MidFirst Bank. We also operate MidFirst Business Credit as a subsidiary of MidFirst Bank. MidFirst Bank provides services that compete with larger banks, while the people and culture truly define the MidFirst Bank difference. MidFirst provides exceptional financial and deeply committed customer service. Team members are loyal in their character, loyal in their personal commitment to customers, and loyal to always doing the right thing. MidFirst customers can always count on working with thoughtful, intelligent, honest professionals who are true to their financial goals. MidFirst Bank is a strong supporter of the communities they serve, investing time and money in important educational, charitable and civic organizations. Copyright © 2025 MidFirst Bank. All rights reserved. Member FDIC. Equal Housing Lender.
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