BSA/AML Analyst

Jefferson Bank•San Antonio, TX

1d•Onsite

About The Position

The BSA/AML Analyst will analyze, investigate, and report on cases involving potential Anti-Money Laundering or Terrorist Financing activity to ensure the Bank is in compliance with the Bank Secrecy Act. The BSA/AML/ Analyst also ensures that the Bank and its customers are protected from any risk and losses by investigating and detecting fraud activity.

Requirements

Minimum 1 yr. direct work experience with Bank Secrecy Act, Anti Money Laundering, USA Patriot Act, and OFAC
Knowledge of current AML, CIP and CDD trends
Knowledge and understanding of FinCEN 314(A) rule of the US Patriot Act
Knowledge and understanding of OFAC sanctions, laws, rules, and regulations
Knowledge of incoming/outgoing flow of funds and supporting documentation
Excellent attention to detail and accuracy
Excellent project and time management skills
High school diploma or equivalent
Knowledge of banking products, services, procedures, policies including regulatory and audit requirements
Self-starter with organizational and strong written and oral communication skills
Ability to adapt and be flexible in the work environment
Ability to take initiative and work under minimal supervision
Excellent computer literacy in all Microsoft Programs (Office, Outlook, Word, Excel, and Power Point)
Proficiency in Adobe Reader and various internet browsers

Nice To Haves

One year of teller experience, preferred
Vendor Systems (Silverlake, Cognos and Verafin) preferred

Responsibilities

Conducts alert analysis on transactional data to make determination of irregular activity through understanding of industry norms, historical customer activity and regulatory definitions of suspicious activity generated by the Bank’s Anti-Money Laundering software system, Verafin.
Case creations derived from Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) screening conducted on possible irregular account activity in Verafin.
Works with various departments to understand alerted activity and ensure compliance with laws and regulations.
Effective presentation of findings and recommendations; recognizing when matters require escalation to management.
Works daily BSA/AML reports using (Verafin, Synapsis, Xperience and Cognos) ensuring compliance with rules and regulations.
Identifies improvements to increase the efficiency and effectiveness of the AML program.
Takes initiative to learn new systems and takes advantage of cross training opportunities.
Maintains current knowledge of federal and state laws pertaining to BSA/AML and FACT Act.
Responsible for general investigative and business sense to analyze complex banking transactions and identify activity that is contrary to the stated purpose of an entity or unusual for an individual.
Performs other duties, special project, assignments, task, and cross-train as required by business needs.
Attends BSA School and/or additional BSA/AML training as available.