Essential Duties and Responsibilities:

* Identifies suspicious activity through an anti-money laundering monitoring system as well as information received from other sources such as branch, lending, and operational staff. Establishes enhanced due diligence and monitoring efforts.

* Analyzes alerts generated by an anti-money laundering monitoring system to determine when activity should be investigated. Identifies trends, patterns, and unusual activity, and escalates activity deemed suspicious for further investigation.

* Reviews status of pending Currency Transaction Reports (CTR) and file reports according to regulatory requirements.

* Reviews a variety of reports and performs due diligence on new accounts to ensure CIP and Red Flag requirements are met. Communicates deficiencies with appropriate personnel for resolution.

* Research potential Office of Foreign Assets Control (OFAC) matches. Through established procedures, assists other business units in reviewing submitted information to help eliminate false positive matches.

* Research historical transactions for potential suspicious activity to determine if a Suspicious Activity Report (SAR) is warranted. Gathers documentation in support of SAR filing, as appropriate.

* Creates, monitors, and finalizes investigations of suspicious activity using a case management tool.

* Answers employee questions regarding BSA, OFAC, CIP and Red Flag regulations. Responds to requests from other financial institutions and government agencies.

* Assist with annual risk assessments.

* Recommends updates to BSA policies and procedures to the Senior BSA Analyst and/or the BSA Compliance Officer.

* Works with the BSA Compliance Officer, Senior BSA Analyst, Internal Auditors, and State and Federal Examiners to respond to audit findings.

Assists the BSA Compliance Officer and/or the Senior BSA Analysts with new projects and provides support for ongoing projects.

Education:

• Associates or two-year degree in business or related field is preferred.
• BSA certification is preferred.

Licensure:

Experience:

• At least two years of job-related experience in financial institution operations is required.
• On-the-job-training is offered - no prior Bank Secrecy Act experience required.

Knowledge, Skills, and Abilities:

• Excellent attention to detail is required.

• Strong discipline around time management and working remotely.
• Ability to focus for extended periods of time on a single task.
• Ability to analyze facts and think critically.
• Ability to draft narrative statements in a clear and concise manner.
• Ability to adapt to working across different software platforms.
• Strong organizational skills and task oriented.
• Unquestioned integrity and excellent judgment.
• Fast learner who thrives in a high-demand environment and works well under pressure.
• Ability to collaborate and work effectively across functions (including Fraud, Internal Audit, Operations, Retail, Risk Management, Legal, and Compliance).
• Willingness to continually learn and stay current on State and Federal regulations relating to BSA, OFAC, CIP, and FACT Act Red Flags.
• Working knowledge of relevant software including Microsoft Office, Word, and Excel.

Physical Demands and Work Environment:

(The physical demands and work environment characteristics described herein are representative of those that must be met by an employee to successfully perform essential functions of this position and/or may be encountered while performing essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.)

While performing the essential duties of this position, an employee would frequently be required to stand, walk, and sit. Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus. The noise level in the work environment is usually moderate. Our company offers a dynamic hybrid work arrangement, which requires three days on-site, in the Sugar Land, TX office. Our retail roles are required to be onsite at the branch locations.