BSA Analyst

Community National Bank; Midland (TX); On-site; USD 65,000 - 90,000; Full time

Job summary

Community National Bank is seeking a BSA/AML Compliance Analyst to monitor and enforce Bank Secrecy Act and AML controls. You will stay current on applicable banking laws, assist with CTR filings, OFAC reviews, and risk assessments, and work with the BSA Officer to prepare audits and exams.

The role requires meticulous attention to detail and collaboration across departments. The ideal candidate is self-motivated, able to manage multiple tasks, and comfortable handling sensitive customer

Qualifications

• Familiar with BSA/AML/OFAC requirements.
• Detail oriented with strong problem-solving skills.
• Self-motivated and able to work independently.

Responsibilities

• Assist in completing and filing Currency Transaction Reports on time.
• Monitor Phase I/II CTR exemptions and maintain OFAC compliance.
• Review and disposition BSA/AML alerts via AML software.
• Monitor high-risk customers and cash-intensive businesses.
• Assist BSA Officer with audits, exams and risk assessments.
• Support administration of BSA/AML software and related controls.

Skills

BSA/AML knowledge

OFAC compliance

Detail oriented

Analytical thinking

Interpersonal skills

Tools

AML software

Job description

General SummaryUnder general supervision, this position reviews and monitors activity pertaining to the Bank Secrecy Act and Anti-Money Laundering Program using industry standard and regulatory guidance to ensure the bank’s compliance with BSA/AML regulatory requirements is maintained on a daily basis.Principal Duties and ResponsibilitiesResponsible for staying up to date on and complying with all applicable banking laws and regulations as well as CNB policies and procedures.Maintain appropriate knowledge in laws and regulations pertaining to the Bank Secrecy Act/Anti- Money Laundering (BSA-AML), OFAC (Office of Foreign Asset Control (OFAC), Customer Identification Program (CIP).Assist in completing and filing Currency Transaction Reports accurately and within regulatory deadlines.Assist with monitoring and reviewing Phase I and Phase II CTR exemptions.Assist in maintaining OFAC Compliance by reviewing and disposition potential OFAC matches withing the AML software.Disposition BSA/AML alerts withing the BSA/AML software in a timely manner.Maintain, review, and monitor high risk customer accounts, money services businesses, and cash intensive businesses.Assist BSA Officer with audit and exam preparation.Assist in the preparation of the Money Laundering Risk Assessment for the OCC.Assist with the administration of BSA/AML software.Maintain regular and punctual attendance.Work cooperatively with others.Work overtime as needed.Perform other duties as required or assigned which are reasonably within the scope of the duties in the job classification.Skills and Abilities RequiredBe familiar with all aspects of BSA/AML/OFACDetail oriented and problem-solving skillsSelf-MotivatedAbility to maintain good interpersonal relationships with coworkers in all bank departments.Working ConditionsSecure work area due to sensitive customer informationModerate noise level produced by bank equipment.Considerable effort and eyestrain from continuous computer use.Physical RequirementsOccasionally move office equipment, and files weighing 10+ pounds.Constantly operates a computer, a calculator, copy machine, printer, and other office equipment.Must be able to remain in a stationary position 75% of the time to process work.