What are the responsibilities and job description for the BSA Analyst I - DFW position at Veritex Community Bank?
Job Summary:
The BSA Analyst I will report to the VP BSA Operations Manager. Responsibilities will include, but not limited to, analyzing alerts generated for possible unusual or suspicious activity in Verafin, the Bank's Transaction Monitoring Systems (TMS), conducting BSA/AML investigations, preparing Suspicious Activity Report (SAR) recommendations and filings, Enhanced Due Diligence (EDD) reviews, and monitoring for transactional suspicious activity.
Responsibilities and Duties:
- Composing alert acknowledgements with a well written narrative and making recommendations to escalate the alert to a case for additional due diligence for a second review for suspicious activity.
- Assist with the alert workload and monitoring for patterns of suspicious activity.
- Assist with BSA/AML investigations and Enhanced Due Diligence (EDD) reviews when necessary.
- Prepare Suspicious Activity Reports (SAR) recommendations for SARs that go to the BSA/AML/Fraud Governance Committee. In addition, may assist in filing SARs when necessary.
- Ensure proper identification and adherence to the Bank's BSA/AML Program including, but not limited to; CIP, CDD/EDD/BO, OFAC and record keeping and retention requirements.
- Respond to BSA/AML alerts and cases in Verafin and make appropriate decisions on behalf of the Bank.
- Comfortable communicating and sending account officer email correspondence to front line teams to gather additional information regarding customer transactional behavior.
- Perform Custom Behavior reviews for high volume transaction processing clients, recommending new behavior volumes, if warranted.
- Assist with 314(b) alerts, inquiries, and investigations, when necessary.
- Assist with Legal Request reviews (Grand Jury Subpoena and Law Enforcement requests) when necessary.
- Assist BSA leadership with ad hoc deliverables.
- Provide assistance as requested by the BSA/AML Director in other daily responsibilities of managing the Bank's BSA/AML Compliance Program.
- Participate in ongoing training to maintain current knowledge of BSA/AML and OFAC regulatory requirements.
- Attend BSA training annually, and as needed, based on revisions to the BSA requirements.
- Complies with federal and state regulations and all established bank policies and procedures.
- Integrity, discretion, and respect for confidential information are absolutely essential.
Job Skills and Qualifications:
- Ability to work independently and effectively and as part of a team and organize tasks efficiently.
- Knowledge of and experience with BSA/AML regulations and sanctions laws.
- Knowledge of Word and Excel including functions such as formula-based data manipulation, advanced table lookups, and pivot tables.
- Ability to apply technical knowledge, such as analytical/judgment skills and critical thinking, with minimal guidance.
- Strong analytical, prioritization, and problem-solving skills with proven ability to turn findings into executable plans.
- Operate effectively under pressure and ability to meet deadlines and multitask.
- Ability to learn new concepts quickly and adapt to shifting requirements and priorities.
- Excellent communication, facilitation, and presentation skills, ability to communicate clearly and succinctly.
- Bachelor's degree or equivalent work experience in related field.
- Skills in Word and Excel.
- Preferred experience with Jack Henry Associates (JHA) Silverlake.
- Preferred experience with Verafin transaction monitoring systems (TMS).
- CAMS certified is preferred, but not required.
- CAMS certified, Verafin, JHA-SilverLake, BSA/AML Experience a STRONG plus.
Company Overview:
Truth in Texas Banking. That's what we're about. Founded in 2010, we are one of the ten largest banks headquartered in the state of Texas. We became a publicly traded company in 2014 and in 2020 and 2021 we were listed on Fortune's 100 Fastest Growing Companies. Headquartered in Dallas, Texas, we've built a bank forever rooted in truth, transparency, and uncompromising integrity.
We know our strongest asset is the passion, authenticity, and talent of our people. We focus on the growth and development of each team member to unlock potential to "Be Your True Self." Our "True You" culture is made up of five pillars:
- Be Mindful
- Be Healthy
- Be Better
- Be Prosperous
- Be Faithful
With this as our foundation, we've built a bank of people who are transparent, tell the truth, and act with integrity. We unite together in common purpose - caring deeply for our clients and communities, communicating openly with each other, and treating everyone with respect. Visit our website at www.VeritexBank.com and come see how we're bringing truth and transparency to Texas banking.
Veritex Community Bank does not accept unsolicited resumes from recruiters or employment agencies. Veritex Community Bank is under no obligation to pay any referral compensation or recruiter fee in the absence of a current executed Recruitment Services Agreement. In the event a recruiter or agency submits an unsolicited resume or candidate without an agreement, Veritex reserves the right to pursue and hire those candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring managers, shall be deemed the property of Veritex Community Bank.
If your agency would like to be considered as a potential future recruiting partner, please leave your contact information at Recruiting@VeritexBank.com.
Work environment and Physical demands: The employee may occasionally lift and/or move up to 25 pounds. The employee may occasionally stand, walk, reach, climb, balance, stoop, kneel, crouch, or crawl. The work environment and physical demands are those of a standard office setting. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.
Disclaimer: This job description is not an inclusive list of all duties and responsibilities of the position. Incumbents will be required to follow any other job- related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. Veritex Bank reserves the right to amend and change responsibilities to meet business and organizational needs.
This document does not create an employment contract, implied or otherwise, other than an "at will" relationship. Veritex Community Bank is an equal opportunity employer. Veritex Community Bank Corporate Human Resources, Dallas, Texas.
We are committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, marital status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances. The information collected by this application is solely to determine suitability for employment, verify identity and maintain employment statistics on applicants.
Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on the Company. Please inform the Company's personnel representative if you need assistance completing any forms or to otherwise participate in the application process.
- Pay Type Hourly
- 12750 Merit Dr, Dallas, TX 75251, USA
