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BSA AML Operations Associate

BSA AML Operations Associate

TransPecos BanksSan Antonio, TX, US
23 days ago
Job type
  • Full-time
Job description

Job Description

Job Description

Job Title : BSA AML Operations Associate

This position is available as an on-site assignment or remote (within the San Antonio Region).

Summary :

The Bank Secrecy Act (BSA) Operations Associate is responsible for contributing to and maintaining an effective BSA compliance program to ensure adherence to regulatory requirements and mitigate financial crime risks. The BSA Operations Associate works to support BSA Operations Leads and third-party compliance professionals and completes daily BSA operations.

Wage Type : Salaried Exempt

Essential Duties & Responsibilities :

To perform this job successfully, an individual must be able to perform each of the essential duties satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Completes all aspects of transaction monitoring, suspicious activity reporting, customer identification processes, customer due diligence processes, enhanced due diligence processes, OFAC sanctions, and currency transaction reporting.
  • Supports the investigation of suspicious activity, including unusual transactions, large cash transactions, and other potentially high-risk activities.
  • Supports periodic risk assessments with BSA Operations Leads, the BSA Officer and compliance team to identify potential areas of non-compliance and implement corrective measures as necessary.
  • Stay abreast of changes in BSA / AML laws, regulations, and trends, and ensure timely updates to internal policies, procedures, and training materials.
  • Collaborate with cross-functional teams, including Risk, Compliance, Technology, third party service providers and Operations to implement controls and procedures to mitigate BSA / AML risks.
  • Supports procedure updates related to BSA compliance, Anti-Money Laundering (AML), OFAC, and Know Your Customer (KYC) processes to ensure they align with regulatory requirements and industry best practices.
  • Carries out responsibilities in a manner consistent with our values and operating principles, in accordance with policy and applicable laws, and with a commitment to commitment to continuous improvement and process excellence.
  • Any other duties as assigned.

Key Deliverables :

  • Timely and accurate reviews of suspicious activity alerts, CIP / CDD / EDD reviews, OFAC and other sanction related reviews, and other AML / BSA related duties that they may be called upon to complete
  • Project support

    • Organizational Structure :

    Reports to : BSA / AML / OFAC Officer

    Supervises : NA

    Qualifications : Education :

  • Bachelor's Degree in Business or Related Field or
  • One (1) to Three (3) years strong AML Operations experience

    • Required Knowledge / Skills :

  • Working knowledge of BSA / AML laws, regulations, and regulatory expectations, including the USA PATRIOT Act, FinCEN regulations, Counter Terrorism Finance (CTF) and OFAC sanctions.
  • BSA / AML compliance experience with emphasis on Customer Identification Program (CIP), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD)
  • Excellent communication, interpersonal, and negotiation skills, with the ability to interact effectively with stakeholders at all levels.
  • Analytical mindset with the ability to identify trends, patterns, and anomalies in financial data.
  • Proven track record of supporting BSA / AML compliance programs in a complex and dynamic environment.
  • Ability to work independently and as part of a team, prioritize tasks, and meet tight deadlines while maintaining accuracy and attention to detail.
  • Excellent written, presentation, and verbal communication skills.

    • Desired Knowledge :

  • CRCM and / or CAMS preferred.
  • 2+ years of experience in a financial institution required.
  • 2+ years of experience in banking compliance preferred.
  • Experience with deposit operations / compliance and / or lending compliance.

    • Talents :

  • Strong positivity.
  • Mission driven, competitive, goal oriented, and motivated to develop themselves and others.
  • Energetic, resourceful, and appropriate work intensity to get the work done.
  • Strong people acumen and relationship skills; Naturally pre-disposed to quickly establish positive personal and professional relationships.

    • Other :

  • Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form.
  • Must be able to lift to 20 pounds.

    • TransPecos Banks will not accept unsolicited resumes from any source other than the candidate. We will consider any candidate for whom an Agency submits an unsolicited resume, to have been referred to us by the Agency free of any charges or fees, other than those agencies we engage on a specific search. TransPecos Banks will not pay a fee for any placement resulting from the receipt of an unsolicited resume.

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