FID Analyst I

Lone Star National Bank•McAllen, TX

57d

About The Position

JOB SUMMARY The FID Analyst I assists the Financial Intelligence Department in maintaining compliance with all aspects of the Bank's BSA/AML/OFAC and Anti-Fraud Programs. An FID Analyst I is a first tier analyst position that will report to a FID Team Lead and/or FID Manager. An FID Analyst I is tasked with developing an understanding of the Bank's basic analysis and monitoring processes. 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. Reviews and understands standard bank documentation, customer due diligence information, and banking transactions Performs detailed analysis on accounts that appear to have unusual and/or suspicious activity Provides detailed documentary evidence to support the analysis performed Performs assigned quality control reviews and monitoring of the Bank Secrecy Act, USA Patriot Act, Anti-Money laundering, OFAC, customer due diligence, account due diligence and enhanced due diligence on new and existing bank customers and Customer Identification program compliance using industry standard and regulatory guidelines Processes Currency Transaction Reports (CTR) and Negotiable Instruments Logs Works closely with Financial Intelligence Department to ensure all CTR's are filed timely and correctly Contacts branch staff for specific issues relating to CTRs, BSA Monitoring, CDD, Fraud and/or High Risk Review Performs analysis and investigative research from numerous internal and external sources to complete Customer Due Diligence profiles Prepares or assists in the preparation of requests for information to customer facing lines of business (i.e. retail, trust, commercial) Investigates and monitors customer transactions and/or behaviors associated with products or services through the use of automated monitoring systems and reports Performs timely and accurate research and effective investigations Performs detailed analysis on accounts that appear to have unusual and/or suspicious activity and provides detailed documentary evidence to support the findings Assists with monitoring of USA Forms Administration for potential fraud and/or unusual activity Assists in documenting and maintaining the Bank's compliance efforts on a daily basis by ensuring adherence to the bank's policies and procedures to ensure compliance with all federal and state laws and regulations Participates in job specific training and other various Bank training programs, as necessary Maintains current knowledge of internal risk controls and loss prevention, including reporting of suspicious or unusual customer activity per Bank policy 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 Maintains current knowledge of all rules, regulations, and laws as they apply to B SA/OFAC/USA Patriot Act/CIP/AML

Requirements

A self-starting individual who possesses an Associates or Bachelor's in Criminal Justice, Business, Finance or a related field is preferred (equivalent banking experience may substitute degree preference)
Six months of prior banking experience is preferred
Basic knowledge of various banking functions such as, retail banking, commercial banking, trade-finance, asset-based lending, loan documentation, financial statements and cash flow analysis is preferred
Fundamental knowledge of BSA, AML/CIP/OFAC and USA Patriot Act regulations
Ability to comprehend related technical language and processes
Ability to maintain confidentiality, good business judgment and exercise discretion in performing daily duties
Strong knowledge of personal computers, office equipment and proficiency with Microsoft Word, Outlook and Excel
Strong interpersonal and communication skills to interact with all levels of Bank personnel
Ability to work effectively in a fast-paced environment and meet deadlines
Attention to detail and mental concentration for accurately performing tasks with frequent interruptions.
Position requires sitting for extended periods of time
Availability to work a flexible schedule, Monday through Friday (8:00 a.m. to 5:00 p.m.), and occasional Saturdays

Nice To Haves

Bilingual in English and Spanish is desired

Responsibilities

Reviews and understands standard bank documentation, customer due diligence information, and banking transactions
Performs detailed analysis on accounts that appear to have unusual and/or suspicious activity
Provides detailed documentary evidence to support the analysis performed
Performs assigned quality control reviews and monitoring of the Bank Secrecy Act, USA Patriot Act, Anti-Money laundering, OFAC, customer due diligence, account due diligence and enhanced due diligence on new and existing bank customers and Customer Identification program compliance using industry standard and regulatory guidelines
Processes Currency Transaction Reports (CTR) and Negotiable Instruments Logs
Works closely with Financial Intelligence Department to ensure all CTR's are filed timely and correctly
Contacts branch staff for specific issues relating to CTRs, BSA Monitoring, CDD, Fraud and/or High Risk Review
Performs analysis and investigative research from numerous internal and external sources to complete Customer Due Diligence profiles
Prepares or assists in the preparation of requests for information to customer facing lines of business (i.e. retail, trust, commercial)
Investigates and monitors customer transactions and/or behaviors associated with products or services through the use of automated monitoring systems and reports
Performs timely and accurate research and effective investigations
Performs detailed analysis on accounts that appear to have unusual and/or suspicious activity and provides detailed documentary evidence to support the findings
Assists with monitoring of USA Forms Administration for potential fraud and/or unusual activity
Assists in documenting and maintaining the Bank's compliance efforts on a daily basis by ensuring adherence to the bank's policies and procedures to ensure compliance with all federal and state laws and regulations
Participates in job specific training and other various Bank training programs, as necessary
Maintains current knowledge of internal risk controls and loss prevention, including reporting of suspicious or unusual customer activity per Bank policy
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
Maintains current knowledge of all rules, regulations, and laws as they apply to B SA/OFAC/USA Patriot Act/CIP/AML