What are the responsibilities and job description for the BSA/AML Specialist position at Texas First Bank?
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Founded in 1973, Texas First Bank is a fast-growing community bank with 27 locations across Southeast Texas. Our people are our greatest asset, and were dedicated to helping employees and communities thrive.
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Job Summary
This position performs various quality control reviews and conducts monitoring pertaining to the Bank Secrecy Act and Anti-Money Laundering Compliance Program using industry standards, best practices and regulatory guidance to ensure the Banks compliance efforts are maintained on a daily basis.
Responsibilities and Duties
- Perform all aspects of AML monitoring system uses, i.e., training, import, export, monitor, reconcile, authorize, waive, confirm, risk acceptance, audit, customer profiles and review of suspicious activities cases generated as pertaining to customers, accounts, and activities.
- Perform due diligence review on Potential High-Risk and High-Risk customers.
- E-Wires, performs reviews of potential OFAC hits throughout the day.
- Performs a daily review of Monetary Instrument Log (MIL), for suspicious activity.
- Work in coordination with Bank employees/Security Officer and other financial institutions concerning fraud issues and/or account takeovers.
- Review customer accounts and activities for suspicious activities associated with subpoena requests and law enforcement inquiries received from various entities.
- Maintain logs of outgoing international wires and perform monthly reconciliations.
- Review and approve SARs filing as part of committee assignment.
- Performs daily reviews of various reports, logs and transactional data to identify trends, unusual activities and large currency activities; determines if transactions are suspicious in nature, such as kiting, cash structuring, wires, micro deposits and ACH transfers.
- Conduct suspicious activity investigations and submit SARs to the committee for approval, file and save supporting documentation.
- Other duties may be assigned.
Other Duties Assigned
- Support the preparation of regulatory filings, audits, and internal audits
- Crosstrain in all areas of the department to ensure continuity.
Job Skills and Qualifications
- High School diploma or equivalent; associate or bachelors degree preferred.
- Minimum two years experience in BSA/AML/OFAC/CFT is preferred.
- Minimum two years experience in retail banking
- Ability to learn and perform complex processes to meet specific procedures, policies and BSA/AML regulations that govern the bank.
- Strong investigative, interpersonal, communication, customer services, and analytical experience.
- Computer/Software skills.
- Ability to work well with others and independently without supervision.
- Normal 40-hour work week
- Travel is required when needed for educational/training purposes.
Salary Grade 05
EOE/Disability/Veteran