BSA Analyst

PlainsCapital Bank; Dallas (TX); On-site; USD 65,000 - 95,000; Full time

Job summary

PlainsCapital Bank in Dallas, TX is seeking a BSA Analyst to monitor compliance with BSA/AML/OFAC laws and develop internal controls.

The role reviews accounts for suspicious activity, files SARs, analyzes alerts, and supports enhanced due diligence and annual risk assessments. Strong Excel skills and knowledge of banking operations are essential. The candidate will collaborate with account officers and other teams to gather documentation and implement process improvements.

Qualifications

• Bachelor’s degree or equivalent work experience required.
• 2+ years of BSA/AML experience and knowledge of related laws.
• Working knowledge of bank operations and financial principles.
• Proficient in Excel and MS Office; able to build reports and formulas.
• Excellent verbal and written communication; detail-oriented.
• Self-starter who can work independently and in a team.

Responsibilities

• Investigate, research, and analyze alerts and cases to support the Bank’s BSA Compliance program.
• Review and file SARs accurately and timely.
• Work with new individual/business account risk profiles.
• Review reports for BSA/AML/OFAC.
• Assist with enhanced due diligence and risk assessments.
• Gather data and develop methodology for annual BSA/AML/OFAC risk assessments.
• Identify sophisticated money laundering techniques, build a case, and recommend actions.
• Collaborate with account officers to obtain needed documentation.
• Support ad-hoc special projects as needed.

Skills

Excel

MS Office

Communication

Time management

Analytical

Education

Bachelor’s degree in business or related field

2+ years BSA/AML experience

Job description

This position monitors compliance with the Bank’s policy, Bank Secrecy Act, and other related laws and regulations (OFAC/Anti-Money Laundering/US Patriot Act). The BSA Analyst identifies and reviews deposit and loan accounts for suspicious activity, and develops and monitors internal controls, policies, and procedures to ensure effective compliance.

Responsibilities

• Supports the Bank’s BSA Compliance program through investigation, research, and analysis of alerts and cases.
• Review and file SARs in a precise and timely manner.
• Work with new individual/business account risk profiles.
• Review and analysis of reports generated for BSA/AML/OFAC.
• Assist with enhanced due diligence reviews and provide recommendation for next step actions.
• Assist with annual BSA/AML/OFAC risk assessments in gathering data, conducting analysis, and developing/enhancing the methodology.
• Responsible for identifying sophisticated money laundering techniques, building a case, and recommending action based on their findings.
• May work with account officers to obtain documentation and/or information necessary to complete the account analysis and investigation.
• Assists in ad-hoc special projects as needed.

Qualifications

• Bachelor’s degree in business or related field or equivalent work experience required.
• 2 or more years’ experience in BSA/AML and thorough knowledge of BSA/AML and related laws and regulations.
• Working knowledge of bank operations and general business financial principles.
• Strong computer skills with proficiency in Microsoft Office tools including Outlook, Word, and Excel. Must be proficient in Excel with the ability to build and create reports and formulas.
• Excellent verbal, written, and interpersonal communication skills with the ability to interact with all levels of Bank personnel.
• Superior time management, organizational, analytical, and problem-solving skills with strong attention to detail.
• Self-starter with the ability to work independently, but also as part of a team.

The above statements are intended to describe the general nature and level of work being performed by individuals in, or assigned to, the above position and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required, and may be changed at the discretion of the Company.

About Us

PlainsCapital Bank was founded in 1988 by a group of young bankers who dreamed of bringing relationship banking to their hometown of Lubbock, Texas. With the acquisition of Plains National Bank, a Lubbock financial institution with one branch and approximately $198.8 million in assets, they began growing the bank one relationship at a time.

Over 30 years later, PlainsCapital Bank has held fast to its tried-and-true relationship-based culture and its commitment to financial strength and stability. PlainsCapital Bank ranks sixth among the largest banks headquartered in Texas by deposits and has a statewide presence with approximately 55 locations in markets such as Austin, the Coastal Bend, Dallas, Fort Worth, Houston, Lubbock, the Rio Grande Valley, and San Antonio. Backed by decades of experience, our knowledgeable bankers are renowned for their straightforward approach and for taking exceptional care of their clients. They bring both financial and industry expertise along with vast local market knowledge to each client relationship.

PlainsCapital Bank conducts both commercial and consumer banking, providing a full suite of commercial banking products and services to fit any business model and convenient services, personal attention, and account features to help simplify managing personal finances.

PlainsCapital Bank continues to remain strong and stable, delivering highly personalized service and a single point of contact to help customers reach their financial goals.

To learn more, please visit us online at plainscapital.com/about .