BSA Analyst I (or higher depending on experience) at WestStar Bank

El Paso, Texas, United States -

Full Time

Start Date

Immediate

Expiry Date

14 Oct, 26

Salary

0.0

Posted On

16 Jul, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

BSA Compliance, OFAC Compliance, AML Policy, Analytical Skills, Accounting, Communication, Writing, Microsoft Word, Microsoft Excel, FinCen 314(a), Customer Due Diligence, Risk Investigation

Industry

Banking

Description

Summary This position is responsible for reviewing Yellow Hammer BSA identified suspects on a daily basis. Assists the BSA/OFAC Officer with the implementation and administration of the Bank Secrecy Act’s FinCen 314 (a) requests, and OFAC Compliance. Essential Functions Analyst Responsibilities: * Reviews Yellow Hammer Cash Work Lists, Specialized Work Lists, and High Risk Customer Work Lists on a daily basis * Investigate potentially suspicious activity * Investigate potentially high risk customers * Compile evidence and documentation in compliance with the bank’s BSA/AML policy, procedures and regulatory requirements * Perform periodic file reviews (including review of complex relationships) ensuring activities are reviewed across the spectrum of products and services used by the customer FinCen 314 (a) Requests: * Assists the BSA/OFAC Officer with the management of all programs and systems utilized by the bank to research 314(a) requests * Responsible for retrieving 314(a) case information when posted to the secure information sharing system * Upload of 314 (a) requests into the Yellow Hammer BSA Software * Researches active and closed accounts against FinCen 314(a) requests; researches active and monetary logs against FinCen 314(a) requests * Distributes FinCEN 314(a) requests to various departments; must ensure departments research and return request within a given amount of time * Responsible for notifying FinCen and appropriate personnel of any positive matches found OFAC: * Assist the BSA/OFAC Officer in the developing, maintaining and implementation of policy and regulatory procedures related to OFAC compliance bank wide * Conducts independent monitoring and testing of bank systems, and third party vendors for compliance procedures and processes * Monitor daily reports of OFAC activity within JHA products used by the bank to ensure compliance Communicate with branches and other departments personnel on issues related to OFAC compliance * Working with other departments and control functions to ensure new rules are appropriately implemented and monitored Political Exposed Persons * Manages PEP updates to ensure compliance with BSA’s Customer Due Diligence program to include all programs and systems utilized by the bank * Conducts Batch file processes CSI WatchDog PRO – OFAC/PEP Software * Knowledge and administration of software used by bank personnel Additional Responsibilities * Provides support to special projects as needed * Assist BSA Officer with bank-wide BSA Training * Other department duties as assigned Required Education, Experience, Skills * Minimum one year bank operations experience. * Knowledgeable of BSA (Bank Secrecy Act) * Knowledgeable of bank teller operations preferred. * Strong analytical skills. * Strong math skills and familiarity with basic accounting. * Strong communication and writing skills. * Proficient with Microsoft Office, to include Word and Excel Equipment Used * Standard office equipment such as computers, phones and photocopiers Supervisory Responsibility * N/A Working Conditions/Physical Requirements * Office setting WestStar is an Equal Opportunity Employer and does not discriminate on the basis of any protected trait, including gender, race, ethnicity, disability, or veteran status.

Responsibilities

Responsible for reviewing BSA identified suspects, investigating suspicious activity, and managing FinCen 314(a) and OFAC compliance. The role involves monitoring high-risk customers and maintaining regulatory documentation and software updates.