What are the responsibilities and job description for the BSA Analyst I - McAllen, TX position at Texas Regional Bank?
Position Summary
The BSA Analyst I will help coordinate the development, implementation, and administration of all aspects of the corporate-wide policy, procedures and Bank Secrecy Act (BSA) Compliance Program. This position performs various quality control reviews areas of the bank that have to maintain compliance with the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, OFAC, and Customer Identification Program. The BSA Analyst I will work closely with the BSA Supervisor(s) while using industry standard and regulatory guidance sampling methods to ensure the Bank's compliance efforts are maintained on a daily basis.
Principal Duties and Responsibilities
The BSA Analyst I will help coordinate the development, implementation, and administration of all aspects of the corporate-wide policy, procedures and Bank Secrecy Act (BSA) Compliance Program. This position performs various quality control reviews areas of the bank that have to maintain compliance with the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, OFAC, and Customer Identification Program. The BSA Analyst I will work closely with the BSA Supervisor(s) while using industry standard and regulatory guidance sampling methods to ensure the Bank's compliance efforts are maintained on a daily basis.
Principal Duties and Responsibilities
- Create, review, and analyze documentation for all new commercial accounts and consumer risk rate accounts per the Bank’s risk rating criteria.
- Research daily BSA/AML alerts produced by the Bank’s BSA/AML/Fraud software.
- Research daily OFAC/Watch List alerts produced by the Bank’s BSA/AML/Fraud software.
- Review and approve daily OFAC/Watch List alerts from incoming front-line personnel.
- Research daily fraud alerts produced by the Bank’s BSA/AML Fraud software.
- Use independent judgment when reviewing and analyzing alerts/reports to determine when further investigation is warranted.
- Prepare escalations for the case investigation team on alerts found to be unusual or suspicious.
- Compare CDD/EDD behaviors on commercial accounts to BSA/AML software. Communicate with branch on any discrepancies and unusual activity.
- Perform ongoing monitoring, as required, of all high risk and medium risk accounts in accordance with the established monitoring schedule.
- Review and analyze CIP documentation for all new accounts in preparation for quarterly and annual BSA external audits.
- Stay current with changes in BSA regulations.
- Meet daily production goals.
- Complete and/or attend all required training set forth by the BSA Officer and the Bank.
Other Responsibilities
- Support and promote the Bank’s Vision, Mission, Core Values, organizational structure, policies, and procedures.
- Must have excellent communication, analysis, observation and decision-making skills.
- Highly focused and able to rapidly determine key priorities, clearly communicate priorities, and ensure resources are properly aligned.
- Ability to work in high-pressure situations and a stressful atmosphere while remaining composed.
- Excellent interpersonal and communication skills, which are necessary for maintaining effective relationships with Board members, officers, employees, and members of the business and civic community.
- Ability to work independently as well as with others.
- Capable of handling highly confidential information.
- Comply with federal and state regulations as well as all established Bank policies and procedures.
- Other duties as assigned.
Qualifications, Education and Experience Requirements
- Minimum of three years banking experience.
- Basic working knowledge of Bank Secrecy Act regulatory requirements.
- Strong problem solving and analytical abilities.
- Ability to work with all levels of management and the Board of Directors.
- Good organizational skills, strong judgment and excellent time management.
- Strong writing, word processing and spreadsheet analysis skills.
- Excellent interpersonal skills.
- Must have excellent communication, analysis, observation and decision-making skills.
- Highly focused and able to rapidly determine key priorities, clearly communicate priorities, and ensure resources are properly aligned.
- Ability to work in high-pressure situations and a stressful atmosphere while remaining composed.
- Excellent interpersonal and communication skills, which are necessary for maintaining effective relationships with Board members, officers, employees, and members of the business and civic community.
- Ability to work independently as well as with others.
- Capable of handling highly confidential information.
- Demonstrated leadership abilities.
- Must be able to be physically present in the Bank to perform job duties.
- Texas Regional Bank is an Equal Opportunity Employer.
