BSA Analyst I

Socket.dev; McAllen (TX); On-site; USD 42,000 - 56,000; Full time

Benefits offered by this job

11 Paid Holidays

15+ days PTO

401k Matching

Health Benefits

Job summary

PlainsCapital Bank is seeking an entry level BSA Analyst to monitor Bank Secrecy Act compliance and related regulations. This role reviews accounts for suspicious activity, supports SAR processes, and collaborates with account officers to gather necessary documentation.

The candidate should have a business-related degree or equivalent experience, with strong analytical and Excel skills. The position emphasizes accuracy, accountability, and the ability to work independently in a deadline-driven

Qualifications

• Bachelor’s degree in business or related field or equivalent work experience.
• 2 years of experience in banking or related field preferred.
• Strong understanding of general business finance principles.
• Ability to present ideas succinctly and timely.
• Strong analytical, time management, organizational and problem-solving skills.

Responsibilities

• Investigates referrals of potential suspicious activity to determine appropriate resolution.
• Assists in risk assessment and monitoring of higher risk accounts.
• Uses critical thinking to perform investigations and make decisions.
• Stays updated on BSA/AML rules, regulations and trends.
• Assists with ad-hoc projects as needed.
• Performs other duties as required.

Skills

Analytical thinking

Time management

Communication skills

Detail-oriented

Problem-solving

Self-motivated

Education

Bachelor's degree or equivalent

Tools

Excel

Microsoft Office

Job description

Benefit highlights: 11 Paid Holidays, 15+ days of PTO, 401k Matching, Health Benefits, and more!

PlainsCapital Bank is currently looking to hire an entry level BSA Analyst. This BSA Analyst monitors compliance with Bank policy, Bank Secrecy Act (BSA), and other related laws and regulations such as OFAC, Anti-Money Laundering (AML), and USA PATRIOT Act. Identifies and reviews deposit and loan accounts for suspicious activity. Executes internal controls, policies, and procedures to ensure effective compliance.

Responsibilities

• Investigates referrals of potential suspicious account activity to determine and recommend appropriate resolution (e.g., completion of a SAR, exit relationship, continued monitoring). Contacts account officers to obtain documentation and/or information necessary to complete the account analysis.
• Assists in the identification, risk assessment, and on-going monitoring of higher risk accounts to detect suspicious activity.
• Leverages critical thinking and analysis to perform effective investigations and make effective decisions.
• Maintains current knowledge of BSA/AML related rules and regulations and financial crime trends.
• Assists with ad-hoc special projects as needed.
• Other duties and responsibilities as required

Qualifications

• Bachelor’s degree in business or related field OR combination of equivalent relevant work experience and high school diploma, GED, or equivalent required.
• 2 years of experience in banking or related field with good working knowledge of bank operations, BSA/AML and related laws and regulations strongly preferred.
• Must have strong understanding of general business finance principles (e.g. credits/debits, tax returns, financial statements).
• Must have the ability to present ideas and findings succinctly and in a timely manner.
• Strong analytical, time management, organizational and problem-solving skills with the ability to multi-task and work in a deadline-driven environment.
• Must be self-motivated team player with strong attention to detail, high level of accountability, and the ability to work independently.
• Strong computer skills, specifically with Microsoft Office suite of products, and the ability to learn and utilize custom banking systems and applications. 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.

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.