BSA/AML Director

Nelnet • Draper, UT

1d • $150,000 - $200,000 • Hybrid

About The Position

Nelnet is a diversified and innovative company committed to enriching lives through the power of service as a student loan servicer, professional services company, consumer loan originator and servicer, payments processor, renewable energy solutions, and K-12 and higher education expert. For over 40 years, Nelnet has been serving its customers, associates, and communities. The perks of working at Nelnet go beyond our benefits package. When you join the Nelnet team, you're part of a community invested in the success of each individual. That support comes through in our work, as we are united by our mission of creating opportunities for people where they live, learn, and work. As an FDIC‑supervised Industrial Loan Company (ILC) with a strong compliance foundation the Bank is entering its next phase of growth. The BSA/AML Director will advance, modernize, and execute the Bank’s enterprise BSA/AML & Sanctions Program, ensuring it remains fully compliant, risk‑based, technologically efficient, and commensurate with the Bank’s increased size, scope, and product complexity. This position offers a hybrid work option. Nelnet values flexibility and understands the importance of work-life integration. Our hybrid work environment allows associates living within 30 miles of an office location to work remotely for part of the week, while also fostering collaboration and team connection through in-office presence three days per week. Please note that we are unable to provide visa sponsorship for this position. To be considered, candidates must already be authorized to work in the United States without the need for current or future sponsorship.

Requirements

• Technical and working knowledge of BSA/AML program requirements.
• 8–12+ years BSA/AML & sanctions experience.
• Experience with FinTech/third‑party oversight.
• Strong communication skills.

Nice To Haves

• Fraud‑risk experience.
• CAMS, CRCM, CFCS, CFE.
• Experience modernizing TM systems.

Responsibilities

• Serve as the designated BSA/AML Officer.
• Advance, implement, and oversee a risk‑based BSA/AML & OFAC compliance program.
• Ensure program commensurate with bank growth including product expansion.
• Maintain BSA/AML & OFAC Risk Assessment.
• Prepare executive dashboards and Board materials.
• Oversee transaction monitoring, SAR/CTR, sanctions, KYC/CIP/CDD/EDD.
• Partner with operations to oversee and develop BSA investigation function.
• Implement enhanced transaction monitoring technology.
• Implement oversight of Strategic Partners and TPRM controls.
• Ensure oversight of parent‑company supported functions.
• Act as regulatory contact.
• Coordinate independent testing, audits, and validations.
• Maintain exam‑ready documentation.
• Support fraud‑risk strategy and investigations.
• Contribute to enterprise risk processes.

Benefits

• medical
• dental
• vision
• HSA and FSA
• generous earned time off
• 401K/student loan repayment
• life insurance & AD&D insurance
• employee assistance program
• employee stock purchase program
• tuition reimbursement
• performance-based incentive pay
• short- and long-term disability
• a robust wellness program

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed