BSA/AML Analyst I

Legend Bank Na; Decatur (TX); On-site; USD 40,000 - 60,000; Full time

Job summary

Legend Bank is seeking a BSA/AML Analyst to support the BSA/AML Officer in maintaining the Bank’s Compliance Management System. This entry-level role offers the chance to develop expertise in BS/AML and OFAC compliance, with responsibilities spanning onboarding to ongoing monitoring and reporting.

You will review alerts, investigate transactions, and assist with CIP/CDD reviews while staying current on applicable laws and regulations.

Qualifications

• High School Diploma or equivalent required.
• Two years of progressively responsible banking experience; BSA/AML regulatory experience preferred.

Responsibilities

• Maintain confidentiality and professionalism in handling sensitive information.
• Review monitoring alerts and SARs; investigate suspicious activity.
• Assist with customer reviews and escalation as needed.
• Monitor customer and transaction activity for BSA/AML concerns.
• Perform CIP, CDD, and Beneficial Ownership reviews.
• Assist in CTR preparation and watchlist screening reviews.
• Support regulatory reporting, audits, and examinations.

Skills

Communication

Integrity

Critical thinking

Adaptability

Team collaboration

Detail-oriented

Excel proficiency

System knowledge

Multitasking

Education

High school diploma

Tools

Microsoft Excel

Job description

The BSA/AML Analyst is responsible for assisting the BSA/AML Officer in maintaining the Bank’s

BSA/AML Compliance Management System. This is an entry level position with the opportunity to

become proficient in BS/AML and OFAC Compliance. This role is pivotal in identifying, assessing,

and mitigating financial crime risks throughout the customer lifecycle from onboarding through

ongoing monitoring.

Essential Duties and Responsibilities

• Maintain strict confidentiality, exercise sound judgment, and always handle sensitive information with professionalism.
• Review and research monitoring system alerts and unusual activity reports as assigned.
• Investigate potentially suspicious transactions and document findings.
• Assist with customer reviews and escalation as needed.
• Monitor various customer and transaction activities for potential BSA/AML concerns.
• Perform initial and post Customer Identification Program (CIP) reviews.
• Perform initial and post Customer Due Diligence (CDD) and Beneficial Ownership reviews.
• Assist in the preparation and review of Currency Transaction Reports (CTRs).
• Support watchlist screening reviews and documentation.
• Ensure required records are maintained accurately according to regulatory requirements.
• Assist with management reports, audit requests, and examination preparation as requested.
• Participate in special projects, system testing, data validation and process improvement initiatives as requested.
• Provide real-time internal support to internal staff members.
• Complete all assigned training within the assigned timeframe.
• Keep informed of current laws and regulations to assist in managing compliance with Bank Secrecy Act (BSA), Currency Transaction Reporting (CTR), Suspicious Activity Reporting (SAR), USA Patriot Act, Office of the Foreign Assets Control (OFAC) and other Anti-Money Laundering (AML) requirements.
• Perform other duties as assigned.

Required Skills

• Possesses excellent verbal and written communication abilities, enabling clear documentation and effective collaboration across internal and external teams.
• Strong dedication to personal integrity and accountability.
• Exhibits strong critical thinking and problem-solving skills, exercising sound independent judgment in high-stakes compliance scenarios
• Demonstrates the ability to adapt effectively to shifting priorities and evolving circumstances.
• Seeks to work effectively in a collaborative team environment.
• Detail-oriented with excellent organizational abilities.
• Proficient in Microsoft Office applications, particularly Excel.
• Demonstrates proficiency in acquiring and applying new system knowledge and operational processes.
• Ability to manage multiple priorities and meet deadlines.

Knowledge and Experience Required

• Education: High School Diploma or equivalent minimum required.
• Licenses or Certifications Required: None
• Related Work Experience: Two years of progressively responsible banking experience, BSA/AML regulatory experience preferred.
• A competency and written narrative test may be administered.

Legend Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin.