Job Description
Job Description
Job Description
Position Summary:
This is an on-site position located at our Humble location.
This position works with the BSA Officer to administer the BSA/AML program and related procedures in accordance with Third Coast Banks policies, procedures and applicable federal regulations. The position will research and analyze transactions and referrals to prevent and detect financial crimes activities, policy violations and/or suspicious situations, and gather/analyze member information and transactional data for review of money laundering/fraud red flags and refer activity for investigation.
Essential Functions:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Assists the BSA Officer in ensuring BSA/AML Program activities are consistent by assisting with leadership training and supervision within the bank.
- Perform various quality control reviews and monitoring in the area of the Bank Secrecy Act, USA Patriot Act, Anti- Money Laundering, OFAC and Customer Identification Program compliance using the banks BSA/AML software, daily reports, and suspicious elevation reports.
- Preform independent analysis for cases involving suspicious activity including, but not limited to structuring, check fraud, and kiting for presentation to the BSA Officer.
- Manage cases of potentially suspicious activity form the AML monitoring system, including analysis of transaction activity and balances for review by the BSA Officer.
- Perform ongoing monitoring as required, of all high risk, medium risk and low risk accounts.
- Analyze account transactions to detect unusual activity indicative of fraud or anti-money laundering and report any potentially suspicious activity to the BSA Officer.
- Document suspicious activity reviews for presentation to the SAR Committee, as needed.
- Perform reviews of the Banks CIF and other lists for compliance with FinCEN 314a requests.
- Identify suspicious customer transactions, specific to money laundering/fraud, and report to the BSA Officer. Work cooperatively with internal departments to obtain and analyze necessary information related to the investigation.
- Perform and assess CIP reviews while assisting with any additional investigation needed.
- Assist with departmental tracking and reporting and prepare investigation reports for management.
- Stay current with changes in BSA regulations and assist in developing related procedures or revisions to the BSA Program with the BSA Officer.
- Treats people with respect; keeps commitments; Inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
- Follows policies and procedures; completes administrative tasks correctly and on time; supports the Banks goals and values; benefits the bank through outside activities.
- Performs all other duties as assigned.
Education and Experience:
- Bachelor's degree from an accredited college or equivalent combination of education and experience preferred; minimum of 3 years banking experience, and 1 year of AML/BSA regulations and methods, money laundering/terrorist financing and OFAC experience. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
- Experience with FIS and Abrigo products a plus.
- Basic knowledge of related state and federal banking compliance regulations, and other Bank operational policies.
- Intermediate skills in computer terminal and personal computer operation; mainframe computer system; and word processing, spreadsheet and account opening software programs.
- Intermediate skills in computer terminal and personal computer operation, with advanced use of Excel.
- Effective verbal, written and interpersonal communication skills.
- Strong analytical and time management skills.
- Ability to deal with difficult problems involving multiple facets and variables in non-standardized situations.
- Effective organizational and time management skills.
- Ability to work independently as well as with others.
- Current driver's license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.
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