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Summer Associate Internship (Business Intelligence Analyst)

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Navy Federal Credit Union

11d ago

  • Internship
    Full-time
    Summer Internship
  • Data
    Banking & Finance
  • Vienna

AI generated summary

  • You should study data analytics or a related field, possess advanced problem-solving skills, and be able to analyze, document, and present findings clearly while managing multiple priorities.
  • You will analyze BSA/AML and OFAC data, develop reports and dashboards, collaborate on compliance metrics, enhance data solutions, and provide actionable insights to improve compliance.

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

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

FAQs

What is the primary function of the BSA/AML & OFAC Compliance Team?

The primary function of the BSA/AML & OFAC Compliance Team is to oversee Navy Federal’s regulatory compliance with the Bank Secrecy Act, Anti-Money Laundering laws, and OFAC sanctions laws, helping combat financial crime and terrorist activity.

What kind of projects will the Summer Associate work on?

The Summer Associate will work on various projects, including analyzing data quality against compliance requirements, making recommendations for data improvements, developing executive reports, learning about financial crime patterns, and conducting exploratory analysis on BSA/AML data.

What qualifications do I need to apply for this internship?

Candidates should be studying data analytics, data science, information systems, or a related field, and possess advanced problem-solving skills, ability to research and document data, and developing skills in programming languages and analytical tools.

Is knowledge about BSA/AML & OFAC Compliance necessary for this internship?

While it is a plus to have knowledge about BSA/AML & OFAC Compliance and Financial Crimes, it is not a strict requirement for this internship.

What types of collaboration can I expect in this role?

The Summer Associate will collaborate with BSA/AML leaders and teams to develop and maintain performance metrics, reports, and dashboards, as well as to analyze business processes.

Are there opportunities for professional development during the internship?

Yes, the internship is designed to provide a meaningful career experience, including opportunities to learn from experienced data professionals and work on impactful projects.

What skills are prioritized for this internship?

Key skills prioritized for this internship include problem-solving, data analysis, programming, effective communication, and project management.

What is the workplace format for this position?

The position is in a hybrid workplace format, with details to be discussed during the interview process.

Will I receive any guidance or mentorship during the internship?

Yes, the Summer Associate will be joining a team of experienced professionals dedicated to maturing the BSA/AML program and will receive guidance and mentorship throughout the internship.

Can I expect to present my findings during the internship?

Yes, the ability to present findings, conclusions, and alternatives clearly and concisely is one of the responsibilities of the Summer Associate.

Navy Federal Credit Union

Our Members Are the Mission

Finance
Industry
10,001+
Employees
1933
Founded Year

Mission & Purpose

Navy Federal is the world’s largest credit union, with more than 13 million members, $178 billion+ in assets and 24,000+ employees. Throughout campuses in Vienna, VA Pensacola, FL and Winchester, VA, as well as more than 350 branches, we serve the Armed Forces, Department of Defense, veterans and their families with world-class financial products and services. Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks. Our approach to careers is simple yet powerful: Make our mission your passion. Equal Housing Lender