Deputy BSA Officer

LONE STAR NATIONAL BANK•McAllen, TX

53d•Onsite

About The Position

The Deputy BSA Officer reports directly to the Director of FID and BSA Officer and is responsible for assisting the FID Director in leading and enhancing the design and execution of key BSA/AML/Fraud program elements for LSNB. This position will assist in ensuring compliance with the enterprise-wide anti-money laundering and Fraud programs and acting in the place of the FID Director and BSA Officer as/if needed. The individual will assist in the development of policies and procedures, as well as internal/external audits, regulatory examinations, MLR and risk assessment. This role will provide managerial support and will assist in the growth and development of the FID team members. Additionally, this role will assist managing BSA/AML/Fraud-related projects, perform extensive analysis of current policies, processes and procedures and propose remediation and efficiency plans. ESSENTIAL DUTIES The duties listed below may not include all responsibilities that the person in this role may be asked to perform. Incumbent may be required to perform other related duties, as assigned, including cross training across other departments, as necessary.

Requirements

A self-starting team player who possesses a four-year college degree in Criminal Justice, Business, Finance or a related field or at least 10 years of compliance experience within the banking/financial services industry and deep understanding of the BSA/AML/OFAC regulatory requirements and landscape.
Fundamental knowledge of BSA, AML/CIP/OFAC and USA Patriot Act regulations is required
Strong analytical skills, knowledge of banking laws and regulations and problem-solving ability
Excellent leadership, coaching, interpersonal, oral and written communication skills are necessary for maintaining effective relationships with employees, managers, auditors and examiners
Ability to maintain confidentiality, good business judgment and exercising discretion in performing daily duties
Prior project management experience
Prior experience developing and implementing risk and compliance programs
Extensive PC knowledge in order to train and direct employees using applications and operating systems
Ability to work effectively in a fast-paced environment and meet deadlines
Position requires sitting for extended periods of time

Nice To Haves

Fifteen years, or more, of financial services experience is preferred
Educational experience, through in-house training sessions, formal school or financial industry related curriculum is preferred
Prior alerts resolution and/or investigative cases experience is preferred
Bilingual in English and Spanish is desired
Track record of collaborating with executive management and staff to establish and improve operational structures that support compliance efforts and business growth
Sound judgement, with a well-developed sense for risk identification, assessment and decision making with a high level of integrity
Outstanding written and verbal communication skills.
Proven experience advising, negotiating, influencing, and collaborating with others in the decision-making process across all levels of the organization
ACAMS, CFE, CRCM or related certification preferred.

Responsibilities

Responsible for overseeing and understanding risk exposure from the bank’s products and services, ensuring the BSA/AML and economic sanctions controls and implementing procedures are adequate to manage risks, and providing guidance to enhance or implement new controls as needed.
Serve as subject matter expert to the BSA/AML and Fraud groups, including but not limited to the enterprise risk assessment; monitoring strategies; new products/services, vendor, and project reviews; issues management; and action plans in response to Quality Control and Testing, internal audit, and examination findings.
Provide guidance on day-to-day BSA/AML-related compliance matters which include but are not limited to providing clarification on policy guidelines, advising on potential high-risk clients, and providing guidance on new or proposed BSA/AML-related rules and regulations.
Coordinate and assist the FID Director with the development of the monthly and/or quarterly reports and communicate the metrics, trending, policy violation/exception, etc. to the bank’s executive management teams as needed.
Assists determine appropriate remedial actions when internal control deficiencies are identified through the risk assessment, internal audit, examination, and quality control.
Work in conjunction with the FID Director & BSA Officer in the development and implementation of the Bank’s BSA program.
Provide managerial support, coaching and counseling of to the FID team members.
Support the FID Director’s efforts to foster a culture of continuous improvement where employees are encouraged to bring management new ideas and solutions, teams self-identify items of concern, and silos within FID do not exist so that the team can collectively manage risk.
Identifies opportunities to leverage economies of scale to build efficiencies and improve processes across FID Operations.
Ensure the Bank follows OFAC regulations.
Monitors Bank’s OFAC model to ensure adherence to OFAC Policy and procedures.
Research BSA regulatory issues and respond to compliance questions from Bank personnel, utilizing legal and regulatory reference materials and consulting with the FID Director & BSA Officer.
Attend outside training for BSA/AML and OFAC on an annual basis.
Responsible for adherence to all compliance programs and the completion of all required and assigned training by established due dates.
Perform other duties and responsibilities as assigned by the FID Director.
Ensure any BSA/AML and Fraud compliance issues are escalated promptly.
Conducts BSA related training for Bank staff as required
Assists the FID Director & BSA Officer in the development and maintenance of the BSA/AML/OFAC policies and procedures to ensure compliance with all federal and bank requirements
Assists the FID Director & BSA Officer in the performance review process of FID staff.
Assists in the review and preparation of Suspicious Activity Reports (SARs) for reporting to FinCEN as required
Works in conjunction with the BSA team to monitor customer account transactions to detect suspicious activity and take appropriate action
Maintains current Knowledge of intrnal risk controls and loss prevention, including Maintains current knowledge and complies with all federal and state laws and regulations and all established Bank policies and procedures, including internal audit controls related to department operations, and ensures adherence by the respective department personnel
Maintains current knowledge of all rules, regulations, and laws as they apply to BSA/OFAC/USA Patriot Act/CIP/AML, and ensures adherence by the respective department personnel