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 (SAR) 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 workflow functions such as documenting complex cases, ensuring SAR narratives include all pertinent data elements, thoroughly substantiating NO SAR decisions, and providing draft SARs and NO SAR decisions to the Financial Crimes Risk Manager 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.
• Utilizes internal bank systems and external research tools to investigate, research, and prepare documentation related to anti-money laundering investigations.
• Maintains subject matter expertise in banking/financial services, AML/financial crimes regulations, and typologies for suspicious activity or terrorist financing.
• Stays up-to-date on current and new policies and regulations related to anti-money laundering schemes and characteristics.
• Supports special projects or critical casework regarding BSA/AML matters.

Qualifications

• High school diploma or GED required; Bachelor's degree highly preferred.
• Minimum three (3) years of BSA/AML/OFAC experience, including recent bank BSA compliance experience within the last 12 months.
• Five (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.

Skills

• Strong analytical and problem-solving skills.
• Proficiency in Microsoft Word, Excel, and Outlook.
• Ability to learn bank-specific software such as Verafin, IBS (Core), IBS (Teller Insight), IBS (Deposit Origination), AccuSystems, nCino, Encompass, etc.
• Knowledge of BSA, USA PATRIOT Act, and OFAC regulations.
• Strong interpersonal, communication, and teamwork skills.
• Ability to maintain confidentiality and work with sensitive information.

Location

On-site or hybrid, depending on level of experience. The qualified applicant would need to reside within the Bank’s geographic footprint (TX, LA, MS, AL, FL).