BSA EDD Lead Analyst- Sugar Land Museum Plano or Amarillo

POSITION PURPOSE POSITION PURPOSE

The BSA Enhanced Due Diligence (EDD) Lead analyst is responsible for identifying customers who may be a high risk of being used to launder money or conduct terrorist financing performing. Perform moderately complex research, analysis of customers transactional data and quality assurance (QA) on work performed by BSA EDD Analysts. This role will be responsible to provide assistance with the Bank’s BSA/AML policies and procedures and serve as a subject matter expert on complex EDD reviews to BSA EDD Analysts in all areas of BSA and make recommendations to mitigate risk exposure.

RESPONSIBILITIES:

• Provide coaching, mentoring and guidance to new and current EDD analysts performing EDD reviews
• Perform quality assurance reviews of EDD cases and alert disposition by BSA EDD Analysts
• Ensure assigned cases are completed accurately and timely
• Conduct new employee training on matters related to customer’s Enhanced Due Diligence, alert disposition and all EDD related workflow
• Identify new high-risk customers by performing enhanced due diligence and monitoring efforts
• Correspond with business units and banking centers for clarification of the activities conducted by customers
• Performs complex investigations and be able to identify, document and mitigate potential money laundering, terrorist financing, drug trafficking, tax evasion and OFAC related issues
• Profile potential bank customers based on Know Your Customer (KYC) data, expected and actual activity
• Perform functions related to the Bank’s Bank Secrecy Act / Anti-Money Laundering Program, including transaction reviews and/or account reviews
• Understand the Bank’s BSA/AML regulations, policies and procedures
• Ability to identify risk, report any suspicious or unusual activity and escalate when necessary
• Complete the annual BSA/AML and Compliance training
• Other duties as assigned by supervisor

PHYSICAL DEMANDS & WORK ENVIRONMENT:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Ability to withstand moderate physical activity throughout the workday (standing, walking, reaching)
• Ability to sit for extended periods of time
• Ability to lift or move up to 25 pounds on occasion
• Ability to maintain attention and concentration for extended periods of time
• Ability to work overtime when required to meet deadlines
• MINIMUM QUALIFICATIONS (EDUCATION, EXPERIENCE, & SKILLS):

• Bachelor’s Degree or equivalent work experience
• Minimum of five years BSA/AML related banking experience
• Previous experience in Enhanced Due Diligence, compliance or related position preferred
• Knowledge of BSA, AML, and other AML regulatory policies with the ability to apply and explain regulatory concepts
• Leadership or management experience
• Self- starter, capable of working under minimum supervision
• Multi-tasker and able to meet deadlines in high-pressure environment
• Results oriented team player
• Strong problem solving ability
• Exceptional research and analytical skills with the ability to analyze large amounts of data, decipher higher risk attributes (transactional, geographical, product, customer type, etc.) and disposition appropriately
• Strong interpersonal and verbal/written communication skills
• Proficient in MS Office (Outlook/Word/Excel/PowerPoint)
• Strong documentation skills to clearly articulate alert disposition
• Adherence to controls and standards
• Bachelor’s degree or work equivalent experience of Bank services and products
• CAMS certification a plus