BSA Analyst (for Monet Bank)

Beal Bank USA; Plano (TX); On-site; USD 70,000 - 90,000; Full time

Job summary

A prominent financial institution in Plano, TX is seeking a BSA Analyst responsible for ensuring compliance with the Bank Secrecy Act. The role involves reviewing reports for suspicious activity, managing compliance documentation, and assisting with audits. Candidates should have 5-7 years of relevant experience and a bachelor's degree, along with strong communication and organizational skills. This full-time position is in-office and offers a comprehensive benefits package.

Benefits

Medical, dental and vision coverage

401K with company match

Paid holidays

Vacation/sick days

Qualifications

• 5-7 years of experience in compliance as a BSA Analyst or Assistant.
• Knowledge of banking regulations.
• Digital Wallet experience preferred.

Responsibilities

• Daily review of BSA reports for suspicious activity.
• Create and submit Suspicious Activity Reports (SARs).
• Assist with regulatory audits and examinations.

Skills

Knowledge of BSA compliance

Strong communication skills

Organizational skills

Ability to maintain confidentiality

Education

Bachelor's degree in business or finance

Relevant industry certifications (CRCM, ACAMS)

Job description

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Summary:

Monet Bank (operating under the Beal Bank Texas charter) is seeking a BSA Analyst. The ideal candidate will be knowledgeable in BSA matters across an array of federal and state regulations related to bank safety and soundness and conduct of business, including consumer protection. Responsibilities will include day-to-day Bank Secrecy Act/Anti-Money Laundering compliance, including the bank's compliance with Know Your Customer (KYC) standards, Customer Identification programs (CIP), Customer Due Diligence (CDD) processes and Suspicious Activity Reporting (SARs) as well as gathering data and managing reports for BSA/AML audits and examinations. They will also help in preparations for regulatory examinations and inspections, including responding to informational requests during on-site regulatory reviews. Beyond gathering and organizing data and providing input to ensure compliance with laws, regulations and internal policies, they will also assist with administering the Banks' internal audit program.

Summary:

Monet Bank (operating under the Beal Bank Texas charter) is seeking a BSA Analyst. The ideal candidate will be knowledgeable in BSA matters across an array of federal and state regulations related to bank safety and soundness and conduct of business, including consumer protection. Responsibilities will include day-to-day Bank Secrecy Act/Anti-Money Laundering compliance, including the bank's compliance with Know Your Customer (KYC) standards, Customer Identification programs (CIP), Customer Due Diligence (CDD) processes and Suspicious Activity Reporting (SARs) as well as gathering data and managing reports for BSA/AML audits and examinations. They will also help in preparations for regulatory examinations and inspections, including responding to informational requests during on-site regulatory reviews. Beyond gathering and organizing data and providing input to ensure compliance with laws, regulations and internal policies, they will also assist with administering the Banks' internal audit program.

This is an on-site (non-remote) position based at our Plano, TX headquarters location.

Essential Duties and Responsibilities (including but not limited to):

• Daily review of BSA reports and large cash transaction reports, kiting suspects, etc., for the purpose of detecting suspicious activity
• Daily review and submission of CTRs and perform annual review of CTR exempt customers
• Create, review and submit SARs and document SARs considered but not filed
• Daily track, review and archive CIPs and Beneficial Ownership documentation
• Daily designate risk-rating on new accounts and perform quarterly reviews of high-risk account statements
• Assist with annual policy and performance review for Board approval
• Participate in BSA training on an ongoing basis
• Create 314(a) list reviews and responses; maintain and audit the review tracking log
• Gather information for audits and exams and assist throughout the process; respond to findings
• Organize and maintain computer documentation of the above and retain according to retention schedules
• Make recommendations to supervisor about methods to improve BSA processes
• Identify potential areas of compliance vulnerability and risk and help devise appropriate controls and other mitigation
• Provide reports regarding their activities for the Bank's senior management and Board of Directors
• Undertake continuous learning and self-study to stay abreast of changing regulations and emerging issues
• All other duties assigned by Manager
  
  
  

Qualifications (Education, Computer Skills, Certifications, Etc.):

• Minimum of five to seven years of experience in compliance as a BSA Analyst or BSA Assistant; Digital Wallet experience also preferred
• Bachelor's degree strongly preferred, particularly in business, finance or related field
• Industry certifications (CRCM, ACAMS) preferred or relevant work experience to sit for certification exams
• Knowledge of banking regulations
• Organizational and strong multi-tasking skills
• Strong communication, both verbal and written
• Ability to maintain a high degree of confidentiality
  
  
  

Benefits options include:

• Medical, dental and vision coverage
• 401K with company match
• 10 paid holidays
• Accrue up to 17 vacation/sick days per year in your first year on a pro rata basis
• Applicant may be eligible for annual discretionary bonus
  
  
  

No relocation assistance provided.

If you are looking to be a part of a winning team and meet the above requirements, we look forward to hearing from you.

Monet Bank and their affiliates are Equal Opportunity Employers. Monet Bank and their affiliates do not discriminate against any candidate or employee on the basis of race, national origin, color, genetics, sex, marital status, sexual orientation, gender identity, age, disability, pregnancy, religion or religious affiliation, veteran or service member status, or any other characteristic protected by federal, state or local laws.

All applicants have rights under federal employment laws. To view your rights and government notices on the Family Medical Leave Act (FMLA), the Equal Employment Opportunity (EEO) and the Employee Polygraph Projection Act (EPPA), please see the following Department of Labor links: FMLA EEO EPPA

Notice to California Residents: Monet Bank and their affiliates may collect personal information about you as part of the job application or employment process. Please see the California Privacy Rights Act Policies at CPRA Policy , CPRA Policy | CLMG Corp , CPRA | CSG Investments CPRA Policy | for details.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Banking

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