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.

Key Responsibilities
Program Leadership & Governance
• 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.

Financial Crimes Operations
• 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.

Strategic Partner & Third‑Party Risk Oversight
• Implement oversight of Strategic Partners and TPRM controls.
• Ensure oversight of parent‑company supported functions.

Compliance & Regulatory Engagement
• Act as regulatory contact.
• Coordinate independent testing, audits, and validations.
• Maintain exam‑ready documentation.

Fraud & Enterprise Risk Support
• Support fraud‑risk strategy and investigations.
• Contribute to enterprise risk processes.

Qualifications
Required:
• 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.

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

Success Indicators
- Implement an enhanced transaction monitoring program.
- Advance the BSA/AML program commensurate with Bank growth and increased product complexity
- Ensure no gaps in BSA/AML program.

The base annual salary range for this role is $150,000 to $200,000. We offer a highly competitive total compensation package which includes a base salary commensurate with experience, performance-based bonus opportunities, stock awards as part of our long-term incentive plan, and a competitive benefits package that includes health, retirement, wellness programs, and more.

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Our benefits package includes 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, and a robust wellness program. Click here to learn more about our benefits: LINK.

Nelnet is committed to providing a welcoming and respectful workplace where all associates have the opportunity to succeed. As an Equal Opportunity Employer, we ensure that all qualified applicants are considered for employment. Employment decisions are made without regard to race, color, religion/creed, national origin, gender, sex, marital status, age, disability, use of a guide dog or service animal, sexual orientation, military/veteran status, or any other status protected by federal, state, or local law. We value the unique contributions of every team member and believe that a positive work environment benefits everyone.

Qualified individuals with disabilities who require reasonable accommodations in order to apply or compete for positions at Nelnet may request such accommodations by contacting Corporate Recruiting at 402-486-5725 or corporaterecruiting@nelnet.net.

Nelnet is a Drug Free and Tobacco Free Workplace.