Bank Secrecy Act Analyst III

Job Description

The BSA Analyst III monitors compliance with Bank policy, Bank Secrecy Act (BSA), and other related laws and regulations (OFAC/Anti-Money Laundering/US Patriot Act). The Analyst identifies and reviews deposit and loan accounts across the enterprise for suspicious activity, Develops and monitors internal controls, policies, and procedures to ensure effective compliance.

Responsibilities

• Serving as a key member of the Bank Secrecy Act/Anti-Money Laundering Compliance team and under the direct supervision of the BSA Case Supervisor, the selected candidate will provide leadership and guidance in the day-to-day functions within the department.
• Work with the BSA Case Supervisor in the direction of BSA/AML compliance activities for the company, including BSA, AML, OFAC and KYC according to established company policies and applicable legal and regulatory guidelines to prevent the company from being used as an intermediary for or to hide the transfer or deposit of money from criminal activity and to create a paper trail for law enforcement to investigate money laundering and other illegal activities.
• Act as team lead for department staff for daily functions.
• As needed, perform confidential research and analysis of transactional data for Suspicious Activity Reporting (SAR), gathering pertinent evidence by conducting internal/external research, pulling transaction records, and reviewing reports.
• As needed, investigate findings to determine recommendation for further processing, fully documenting research and reasoning for recommendation while ensuring timeliness to meet state and regulatory report filing timeframes.
• Secure and organize documentation for examinations and independent reviews.
• Update and oversight of internal department procedures.
• Perform additional duties as requested, needed or assigned by the BSA Case Supervisor.
• Carries out regulatory/compliance issuances monitoring, risk assessments, and internal controls testing ensuring that there are adequate processes, procedures and internal controls to promote an effective BSA control environment, under the guidance of the BSA Officer.
• Perform enhanced due diligence reviews and analysis for higher-risk clients, and as otherwise directed by the BSA Case Supervisor.
• Analyzing current business processes and making recommendations for improvement based on industry trends and professional business knowledge.
• Prepares monthly statistics for BSA Officer on various BSA/AML compliance metrics and related matters.
• Provides guidance to those reporting suspicious or unusual matters from various bank departments and attending to related queries.
• Assists in ad-hoc special projects as needed; assume leadership role in such projects.

Qualifications

• Bachelor's Degree in related discipline preferred or equivalent experience.
• Minimum 5 years experience working in a bank's AML transaction monitoring or investigations function utilizing an automated monitoring system.
• Knowledge of BSA/AML and related laws and regulations required.
• Knowledge of correspondent banking and trade finance related to transaction surveillance preferred.
• 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.

About Us

PlainsCapital Bank was founded in 1988 by a group of young bankers who dreamed of bringing relationship banking to their hometown of Lubbock, Texas. With the acquisition of Plains National Bank, a Lubbock financial institution with one branch and approximately $198.8 million in assets, they began growing the bank one relationship at a time.

Over 30 years later, PlainsCapital Bank has held fast to its tried-and-true relationship-based culture and its commitment to financial strength and stability. PlainsCapital Bank ranks sixth among the largest banks headquartered in Texas by deposits and has a statewide presence with approximately 55 locations in markets such as Austin, the Coastal Bend, Dallas, Fort Worth, Houston, Lubbock, the Rio Grande Valley, and San Antonio. Backed by decades of experience, our knowledgeable bankers are renowned for their straightforward approach and for taking exceptional care of their clients. They bring both financial and industry expertise along with vast local market knowledge to each client relationship.

PlainsCapital Bank conducts both commercial and consumer banking, providing a full suite of commercial banking products and services to fit any business model and convenient services, personal attention, and account features to help simplify managing personal finances.

PlainsCapital Bank continues to remain strong and stable, delivering highly personalized service and a single point of contact to help customers reach their financial goals.

To learn more, please visit us online at plainscapital.com/about.

About the Team

Hilltop Holdings' Risk Advisory department provides independent and objective enterprise and operational risk management advisory services to assist management in the identification, measurement, and monitoring of threats to strategic and management objectives. We apply a systematic approach to develop risk metrics, execute risk assessments, and evaluate loss events across Hilltop and its operating companies-PlainsCapital Bank, PrimeLending, and HilltopSecurities. Risk Advisory is a function within the Corporate Risk department, which also includes other Risk functions such as Counterparty Risk, Quantitative Risk, and Loan Review. As a member of the Risk team, you will join a group of professionals devoted to working together and helping each other succeed. We are passionate about the key role we play in our organization's success and have a close, collaborative relationship with management across our family of companies. The members of Risk are committed to encouraging professional development and growth. We focus on development in three core pillars: soft skills, technical skills, and industry knowledge. We strive to develop and promote talent within the department. Along with a commitment to quality and continuous improvement of our methodology, Hilltop's Risk department is distinguished by its strong belief in helping one another succeed and always doing what's right.