BSA AML CFT Analyst

Who We Are

Cornerstone Capital Bancorp, Inc., headquartered in Houston, is a Texas-based financial services company dedicated to helping families, businesses, and communities thrive. Through its primary subsidiary, Cornerstone Capital Bank, the organization operates a community and business banking franchise alongside a premier national home lending, servicing, and home insurance platform-based financial services company.

Who We Are Looking For

This position is primarily responsible for assisting the Bank Secrecy Act (BSA) Officer in developing, implementing, and administering all aspects of the bank’s BSA compliance program. This includes ensuring compliance with the BSA, anti-money laundering (AML) regulations, Office of Foreign Assets Control (OFAC) requirements, currency transaction reporting (CTR) and countering the financing of terrorism programs (CFT).

What You’ll Do

• Aid in the development, implementation, and maintenance of the bank’s BSA/AML/OFAC/CFT compliance program.
• Conduct OFAC and 314(a) scrubs.
• Advises on revisions needed to maintain BSA/AML/OFAC/CFT policies and procedures as needed.
• Identify and analyze suspicious transactions timely for potential money laundering and other suspicious activities.
• File SARs timely with the Financial Crimes Enforcement Network (FinCEN) as required.
• Ensure ongoing compliance and reporting with regulatory requirements regarding currency transaction reporting (CTR).
• Regularly report the status of ongoing compliance to the BSA officer so that they can make informed decisions about existing risk exposure and the overall effectiveness of the bank’s compliance program.
• Assist with annual BSA/AML/OFAC/CFT risk assessments.
• Provide assistance with BSA/AML/OFAC/CFT training programs for all bank employees.
• Ensure that all bank employees understand their roles and responsibilities related to BSA compliance.
• Stay abreast of updates on regulatory changes and emerging trends/risks related to BSA/AML/OFAC/CFT.
• Coincide and prepare for BSA/AML/OFAC/CFT audits and regulatory examinations.
• Respond to audit and examination findings, implement and monitor corrective actions, as necessary.
• Work closely with other departments within the bank to ensure comprehensive BSA compliance.
• Ensure proper record-keeping of all BSA/AML/OFAC/CFT activities and reports.
• Maintain documentation of policies, procedures, and training materials.
• Keep detailed records of all suspicious activity investigations and outcomes.

What You’ll Need To Be Successful

• Time management skills, organization, and positive attitude.
• Bachelor’s degree in Finance, Business Administration, Criminal Justice, or a related field.
• Minimum of 3 years of banking experience in BSA/AML.
• Strong understanding of BSA/AML laws and regulations, financial crimes, and compliance frameworks.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong verbal and written communication skills, with the ability to present complex information clearly.
• Proficiency in compliance software and tools, as well as Microsoft Office Suite.
• Ability to interpret regulations and compare requirements to existing processes.
• Knowledge of federally recognized examination procedures to evaluate compliance with applicable federal and state laws and regulations.
• Broad knowledge and understanding of all facets of banking.
• Ability to influence others, and move toward a common vision within a large organization to promote a risk management culture.
• Ability to create and implement the processes to meet and exceed regulatory expectations.

What We Offer

• A competitive salary.
• Medical, Dental, Vision, Accidental Death, Long-Term Disability, Short-Term Disability, FSA, HSA, 401K, Basic Life, Voluntary Life, and Paid Parental Leave benefits.
• The opportunity for a performance based bonus based on position and department.