BSA Analyst - Richardson Operations Center at Inwood National Bank – RICHARDSON, Texas

This position is located in office at the Richardson Branch - 1100 Centennial, Richardson TX 75081

Summary

The BSA 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.
• Analyze Automated AML Dashboard Alerts via bank monitoring software (Patriot Officer).
• Assist with SAR processes including assessment, filing, continuing activity reviews, and global relationship review.
• Perform risk assessments on customer accounts for low, moderate, and high-risk list customers.
• Identify and monitor inherently high-risk customers, geography, products and services.
• Assist with CTR Review and/or Batch Filing, ACH OFAC resolution, 314(a) Search, and OFAC Search
• Support OFAC research for Front line, ACH and Wire daily activity, as needed.
• Support 314(a) research requests.
• Review, suggest, and implement 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 BSA and banking experience and/or training; or equivalent combination of education and experience.
• Moderate knowledge of BSA/AML Compliance (CAMS 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