KYC Associate

Texas Capital Bank•Richardson, TX

About The Position

Texas Capital is built to help businesses and their leaders. Our depth of knowledge and expertise allows us to bring the best of the big firms at a scale that works for our clients, with highly experienced bankers who truly invest in people’s success — today and tomorrow. While we are rooted in core financial products, we are differentiated by our approach. Our bankers are seasoned financial experts who possess deep experience across a multitude of industries. Equally important, they bring commitment — investing the time and resources to understand our clients’ immediate needs, identify market opportunities and meet long-term objectives . At Texas Capital, we do more than build business success. We build long-lasting relationships. Texas Capital provides a variety of benefits to colleagues, including health insurance coverage, wellness program, fertility and family building aids, life and disability insurance, retirement savings plans with a generous 401K match, paid leave programs, paid holidays, and paid time off (PTO). Headquartered in Dallas with offices in Austin, Fort Worth, Houston, Richardson, Plano and San Antonio, Texas Capital was recently named Best Regional Bank in 2024 by Bankrate and was named to The Dallas Morning News ’ Dallas-Fort Worth metroplex Top Workplaces 2023 and GoBankingRate’s 2023 list of Best Regional Banks. For more information about joining our team, please visit us at www.texascapitalbank.com . The bank’s Financial Crimes Compliance (FCC) team is responsible for identifying, investigating and monitoring relationships that pose a money laundering or terrorist financing risk in support of all legal and regulatory requirements relating to anti-money laundering (AML) and counter terrorism financing. The KYC (Know Your Customer) Associate is part of the Financial Crimes Operations team and is focused on complying with federal regulations as outlined in the BSA and USA PATRIOT Act including the ongoing gathering and analysis of documentation and transactional information. This position requires collaboration with front-line colleagues while gathering documentation. In this role you will perform ongoing enhanced due diligence (EDD) reviews of the bank’s customers that operate in business lines with an elevated risk for money laundering.

Requirements

Minimum 3 years’ experience in financial service company (banking) and BSA/AML compliance experience
Advanced knowledge of AML/CFT and OFAC regulatory requirements
Advanced knowledge of financial services operations, products, and services
Advanced knowledge of AML/CFT, USA PATRIOT Act and OFAC requirements and regulations
Knowledge of business operations of customers such as Money Services Businesses, Casinos, ATEM Owner/Operations and other higher risk entities
Ability to interpret and act on instructions furnished in written, oral, or diagram form
Strong interpersonal and communication skills
Ability to develop and maintain effective working relationships with team members, internal partners, and external parties. Knows how to seek and encourage collaboration, and shares success
Can assert own ideas and persuade others; gain support and commitment from others; and mobilize people to act
Ability to work under pressure and ability to make decisions according to established guidelines; work unsupervised and to accomplish tasks accurately and on a timely basis; prioritize work; strong organizational skills
General understanding of different business structures
Strong Microsoft Office skills (ability work with excel to analyze large data quickly and accurately sets)
Ability to work efficiently in a production driven environment, while delivering quality standards
Represents the Bank professionally at every contact with customers, staff, and vendors

Nice To Haves

Bachelor’s degree preferred or equivalent years of experience in compliance and/or banking related field
CAMS or CFE Certification preferred

Responsibilities

Conduct EDD reviews on prospects and new/existing customers in accordance with the Bank's policies and procedures
Perform research utilizing internet sources and/or third-party vendors to determine negative news and obtain due diligence information for prospects and new/existing customers
Analyze customer data, transactional activity and open-source information to determine legitimacy and potential risk exposure
Handles complex client onboarding escalations
Prepare written analysis and reports for all assigned reviews and make recommendations to management based on the outcome of the analysis
Be responsive and communicate effectively with colleagues throughout the bank
Adhere to all designated time frames, manage workflows to the specified deadlines and complete responsibilities in a satisfactory manner
Interact with internal partners including front-line, KYC, Financial crimes Compliance and other operational areas as necessary
Complete all training in a timely manner and attend seminars or continuing education as needed
Review and analyze data for trends, potential actions, and training needs
Assist with special projects, investigations, or reviews, as needed