Job Description

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

Summary

The BSA Junior 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 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.
• Analyzes Suspicious Activity (SAR) Dashboard Alerts as assigned via bank monitoring software (Patriot Officer).
• Assist with basic SAR processes including assessment, filing, Continuing activity reviews, and global relationship review.
• Perform assigned risk assessments on customer accounts for low, moderate, and high-risk list customers.
• Assist in monitoring high risk customers, geography, and product and services including: Power of Attorney requests, Non-Profit Onboarding, Law Enforcement Contacts (Criminal, Texas Department of Family and Protective and IRS Request for Financial Records.
• Assist with CTR and Exemption Review and/or Batch Filing, utilizing Jack Henry and PATRIOT Officer.
• Assist with Large Cash transaction Report and GL Cash Activity monitoring.
• Conduct Monetary Instrument Log review and monitoring.
• Front line, ACH OFAC resolution
• Ensure the bank’s Customer Identification Program and Beneficial Ownership Certification is complete within the bank’s designated validation period.
• Provide support in preparing for audits and regulatory examinations as it relates to job function.
• Review and suggest updates to policies, procedures, and practices to ensure compliance with laws and regulations.
• 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

• Bachelor's degree from four-year college or university; or one to two years related banking experience and/or training; or equivalent combination of education and experience.
• Basic to moderate knowledge of BSA/AML Compliance.
• Proficient 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 if applicable, 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

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