Financial Crimes Risk Analyst

About the Role

The Financial Crimes Risk Analyst ensures the Bank’s compliance with the applicable aspects of the Bank Secrecy Act (BSA), USA PATRIOT Act, and Office of Foreign Assets Control (OFAC) regulations by monitoring, identifying, reporting, and investigating suspicious activity relative to potential money laundering activity, financial crimes, and/or terrorist financing.

Responsibilities

• Prepares concise and thorough alert and case investigation summaries outlining relevant details to support a final outcome for possible SAR filings.
• Accurately analyzes transactional data to identify activity indicative of Money Service Businesses (MSBs), Marijuana/Cannabis-related Businesses, Non-Bank Financial Institutions (NBFIs), Politically Exposed Persons (PSPs), Non-Resident Alien (NRA), Privately-Owned ATM Operators (POATMs), Crypto-Currency, etc.; refers any such activity to the Financial Crimes High Risk Customers and Accounts team.
• Researches, analyzes, and investigates customer account behavior for potential Anti-Money Laundering (AML)-related suspicious activity referred to cases in Verafin.
• Determines if a Suspicious Activity Report is likely to be filed with FinCEN.
• Partners with banking center and other department employees in researching and investigating cases, obtaining necessary documentation and information.
• Administers essential workflow functions, including documenting complex cases, ensuring SAR narratives include all pertinent data elements, and providing draft SARs and NO SAR decisions for review and approval.
• Completes renewal reviews for continuing activity 90 days following original SAR filing, making recommendations to refile or close.
• Operates systems and software programs to obtain customer information, transaction history, and archive reports for the FCRM program.
• Maintains subject matter expertise in banking/financial services, AML/financial crimes regulations, and typologies for suspicious activity or terrorist financing.
• Supports special projects or critical casework regarding BSA/AML matters.

Qualifications

• High school diploma or GED required; Bachelor's degree highly preferred.
• Minimum 3 years of BSA/AML/OFAC experience, including recent bank BSA compliance experience within the last 12 months.
• 5 years of banking experience, including BSA/AML/OFAC experience, is required.
• Prior experience with Verafin is preferred.
• Certified Anti-Money Laundering Specialist (CAMS) or other recognized AML certification preferred.
• Proficiency in Microsoft Word, Excel, and Outlook; ability to learn bank-specific software.

Skills

• Strong analytical and problem-solving skills.
• Excellent interpersonal and communication skills.
• Ability to work effectively in a team and maintain confidentiality.
• Strong organizational and time management skills.
• Adaptability and ability to handle frequent changes.

Location

On-site or hybrid, depending on experience. Must reside within the Bank’s geographic footprint (TX, LA, MS, AL, FL).