Brief Description

The BSA/AML Compliance Analyst is responsible for monitoring the account activity of traditional banking, Money Services Businesses, Fintech, foreign and domestic customers, and foreign banks.

Essential Duties and Responsibilities: To perform this job successfully, an individual must be able to perform the following satisfactorily; other duties may be assigned. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Analyze and research transactions to identify suspicious activity.
Understand jurisdictional risks associated with customer and/or counterparty location.
Produce analytical reports that detail trends, patterns, and risk factors in customer transaction activity.
Understand and communicate complex transaction patterns for potential suspicious activity reports filing.
Understand various sanction programs and investigate escalated potential OFAC matches.
Understand international wire settlement, SWIFT message operations, and counterparty risk involving international senders/receivers.
Stay current on industry and regulatory requirements and issues.
Contribute to the design and execution of compliance training as needed.
Contribute to the design and execution of compliance risk assessments and reviews as needed.
Support various committees by creating charts and tables and by drafting memos for presentations.
Perform other related duties to benefit the mission of the organization.

Requirements

The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Minimum 3 years’ experience required in one or more related field(s) including risk-advisory, banking, internal audit, regulatory compliance, BSA/AML Compliance, foreign correspondent banking, Money Service Business, and/or Fintech companies.
Experience using cryptocurrency risk monitoring/intelligence tools such as Elliptic, TRM Labs, Ciphertrace, Chainalysis, etc., preferred.
Experience using automated BSA/AML monitoring systems and performing manual transaction monitoring tasks.
Strong investigative skills using a suite of tools and systems, as well as open-source research related to foreign and domestic companies and individuals.
Experience and understanding of international payments, cryptocurrency, and wire transfers preferred.
Ability to quickly learn and adapt to new concepts and demonstrate competence in a complex financial services environment.
Creative, flexible, responsive, solutions-driven approach to problem solving.
Experience with compliance analysis and management tools (e.g., Actimize, Ocean Systems, etc.)
Strong understanding of data analytics using Microsoft Excel’s pivot tables, v-lookups or other similar data analysis tools.
Proficient using other Microsoft office software.
Possess superior analytical and critical thinking skills
Must have strong attention to detail and organizational abilities
Excellent communication and teamwork skills
Exceptional follow-up and follow-through mindset and abilities

United Texas Bank

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BSA/AML Compliance Analyst