What are the responsibilities and job description for the KYC Compliance Analyst position at United Texas Bank?
United Texas Bank is a Dallas-based Texas business bank focused on providing creative, solution-focused service to help our clients achieve financial success. The strength of UTB is based on our ability to listen and react to our customer’s needs in a timely, personal, and professional manner.
We are currently seeking a highly qualified and motivated Senior KYC Compliance Analyst to join our team. The KYC Compliance Analyst supports the execution and continuous improvement of the Bank’s Know Your Customer (“KYC”) compliance program and contributes to the success of the overall compliance program.
What You’ll Do:
- Support the execution and continuous improvement of the Bank’s KYC compliance program including the Customer Identification Program, Customer Due Diligence (“CDD”), Enhanced Due Diligence (“EDD”), and Customer Risk Assessment policies, processes, and procedures.
- Execute CDD and EDD reviews and provide evidence-based recommendations to support decision making and action.
- Contribute to the enhancement of the Bank’s compliance program including identifying opportunities and making recommendations for improvement of processes, controls, and technology.
- Contribute to the enhancement of compliance-related information and analytical tools for KYC including transitioning from manual to automated processes and controls where possible. This also includes contributing to the compliance technology strategy and providing recommendations on configuration and enhancement of existing applications.
- Identify, analyze, and escalate compliance risks, risk events, and policy or procedure violations, provide recommendations for remediation including actions to address root causes, and monitor and report on execution and effectiveness of remediation plans.
- Contribute to the design and execution of compliance training as needed.
- Contribute to the design and execution compliance risk assessments and reviews as needed.
- Support various committees by creating charts and tables and by drafting memos for presentations. Other duties assigned as applicable.
Your Qualifications:
- Bachelor’s degree preferred
- Minimum 2 years’ experience in a similar role.
- Familiar with relevant banking regulations and industry best practice.
- Experience with compliance analysis and management tools (e.g., Actimize, Ocean Systems products, etc.)
- Experience with Office 365 Suite
- Strong understanding of data analytics using Microsoft Excel’s pivot tables, v-lookups or other similar data analysis tools.
UTB Employee Benefits:
As a full-time UTB employee you’ll enjoy an array of benefits including a generous Paid Time Off allowance available for use during your first year along with a great paid holiday schedule. We also offer our employees a selection of other benefits including:
- Medical
- Dental
- Vision
- Telehealth
- Health Reimbursement Arrangement (HRA)
- Flexible Spending Account (FSA)
- Health Savings Account (HSA)
- 401K with Employer Match
- Life Insurance – Employer Provided
- Supplemental Life - Voluntary
- Short-term Disability
- Long-term Disability
- Employee Assistance Program
- Prescription Discount
- Discount Legal Services
- ID Theft Protection Services
UTB is an equal opportunity employer. Qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
