BSA Senior Analyst

This position is located in office/on site at the Richardson Operations Center - 1100 Centennial Blvd, Richardson, TX 75081

Summary

The BSA Senior Analyst is responsible for day-to-day monitoring of the banks Bank Secrecy Act/Anti-Money Laundering Compliance Program that is designed to ensure a high level of compliance with the BSA/AML related laws and regulations, internal policies and procedures, and Federal regulatory expectations. Primary responsibilities include monitoring transactions, analyzing patterns, and contributing to the development and implementation of BSA/AML and risk management strategies.

Essential Functions/Job Responsibilities

• Review and analyze transactional data to identify unusual patterns of activity that might indicate money laundering, terrorist financing, or other financial crimes.
• Maintain a current understanding of federal and state banking laws and regulations affecting the management, operations, and product offerings of the establishment including BSA/AML and OFAC (Office of Foreign Assets Control) regulations and guidance.
• Conduct customer due diligence and enhanced due diligence on complex new and existing clients to ensure compliance with anti-money laundering (AML) regulations.
• Daily, monthly, and quarterly analysis in International Wire and International ACH Activity with an emphasis on jurisdictions of money laundering concern.
• Support OFAC research for Front line, ACH and Wire daily activity, as needed.
• Support 314(a) research requests.   
• Analysis of the bank’s complex relationships as related to high-risk activity, behaviors or geographies. Including Non-Resident Alien, Resident Alien and Foreign National enhanced due diligence monitoring.  Monitoring existing and new customers with no US government TIN.  Analysis of customers that appear in High Intensity Drug Trafficking, High Intensity Financial Crimes Areas.  (HIDTA/HIFCA).
• Assist as needed with BSA/AML Global Review as related to the receipt of criminal or IRS Subpoenas.
• Analyzes Suspicious Activity (SAR) Dashboard Alerts and other modules as needed, via bank monitoring software (Patriot Officer)
• Perform risk assessments on complex customer accounts for low, moderate, and high-risk list customers.
• Assist with SAR processes including assessment, filing, continuing activity reviews, and global relationship review.
• Review, suggest, and implement updates to policies, procedures, and practices to ensure compliance with laws and regulations.
• Provide support in preparing for and responding to audits and regulatory examinations.
• Serve as Assistant BSA Officer, as necessary.
• Ensures compliance with established Bank policies and procedures.  Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and related laws as they pertain to the Bank Secrecy Act in conjunction with the USA PATRIOT Act, Anti-Money Laundering and Customer Information Program.

Job Requirements

• Master's degree or equivalent; or four to ten years related experience and/or training; or equivalent combination of education and experience.
• Advanced knowledge of BSA/AML Compliance (CAMS & CFE certification preferred).
• Skilled in the use of banking software applications and computer systems, including Microsoft Office applications.
• Problem-solving and decision-making aptitude.
• Accuracy and attention to detail.
• Outstanding organizational and time-management skills.
• Ability to:
  • Work independently and as part of a team.
  • Work in a fast-paced environment.
  • Independently recognize potential suspicious activity.
  • Suggest and implement cost effective compliance solutions for the BSA/AML program.
• Strong communication and interpersonal skills.
• Strong ethics and reliability. Willingness to pursue ongoing education or certifications related to BSA/AML

Equal Opportunity Employer/Protected Veteran/Disability