BSA Due Diligence Analyst II

1 month ago

Plano, United States Sunflower Bank Full time
Job DescriptionJob DescriptionDescription:

Sunflower Bank is looking for an energetic, highly motivated individual to fill the position of a full-time BSA Due Diligence Analyst II in/at our Plano, TX branch.


The BSA Due Diligence Analyst II acts as primary support in the due diligence process required by the company’s Bank Secrecy Act (BSA) program. This position is knowledgeable of all policies, procedures and regulations related to its job responsibilities. The position understands BSA, AML (Anti Money Laundering), and other regulatory policies and applies and explains regulatory concepts to serve as a resource across the company.


  • Adhere to, comply with, and have an understanding of applicable federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e., BSA, US PATRIOT Act, FFIEC BSA/AML Examination Manual, etc.).
  • Demonstrate extensive banking and compliance knowledge in working AML/KYC related issues, identify patterns and trends consistent with money laundering and terrorist financing, and have the ability to exercise sound judgment and to observe the highest degree of confidentiality in the handling of information received in the course of the job responsibilities.
  • Maintain a current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations; monitor legislative and regulatory developments regarding the Bank Secrecy Act and report important compliance developments to the Bank board, management, and other bank personnel.
  • Ensure compliance with BSA/AML related laws and regulations as well as understand company policies and procedures and assume responsibility for identifying and communicating non-compliance consistent with regulatory and corporate requirements.
  • Assist in achieving and maintaining "satisfactory" results or better on all internal and external audits, exams, and reviews and assist with remediation of exceptions or findings.
  • Partner with other lines of business to ensure policies and procedures are followed and act as a resource for BSA related questions or concerns.
  • Assist in maintaining internal documents such as work instructions, job aids, FAQs and participate in other areas of BSA as needed.
  • Apply knowledge of patterns and trends related to money laundering and terrorist financing to customer relationships that may pose a higher risk to the company.
  • Support CDD (Customer Due Diligence) activities related to Anti Money Laundering (AML) and Know Your Customer (KYC) by ensuring CDD is properly performed through report and data analysis.
  • Assist in identifying and reviewing higher risk customers through referrals from frontline (EDD Referral Investigations) and apply research and investigation strategies to assess customers for BSA risk and conduct continuous monitoring/analysis of customers for possible change to risk.
  • Follow up on CIP/CDD red flags identified during data review and escalate those that cannot be cleared or mitigated as well as ensure customer records are coded and maintained properly.
  • Complete review of UBO forms as outlined by current policies and procedures.
  • Complete review of OFAC scans as outlined by current policies and procedures.
  • Complete initial and biannual reviews of customers within higher risk FFIEC categorizations such as MSBs, PMDs, and ATM customers.
  • Develop site visit requirements and review materials submitted in support of other regulatory programs.
  • Perform the job in accordance with applicable industry laws and regulations as well as the policies and procedures established by the company.
  • Responsible for upholding Fair and Responsible Banking practices and Code of Ethics and Conduct guidelines.
  • Understand and participate in the Bank’s Community Reinvestment Act program.
  • Perform other duties as assigned.

Education / Experience Preferred:

  • The applicant must have extensive knowledge of Bank Secrecy Act, US PATRIOT Act, Money Laundering Control Act, Office of Foreign Asset Control regulations, strategies and enforcement policies, familiarity with key banking regulations and interpretations, knowledge of bank laws and operations, risk assessment and analysis.
  • The applicant must have a Bachelor’s degree in Finance, Accounting, Business, Management, Economics or similar. Will consider experience in lieu of a degree, if the applicant has considerable experience working in various areas of banking such as accounting, operations, or internal auditing.
  • The applicant should have at least two years of experience within a BSA, Fraud, and/or Audit environment.
  • The applicant should have certification such as Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE), Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Regulatory Compliance Manager (CRCM), Project Management Professional (PMP), or other related certification.
  • The applicant must possess strong proficiency in Microsoft Office Suite products.
  • The applicant must possess strong oral and written communication skills and have the ability to quickly grasp business needs and objectives.
  • The applicant must possess extensive investigative and research skills with a strong focus on organization and the ability to independently work on several projects at the same time.
  • The applicant must possess proven mathematical, planning, problem solving, and decision-making skills.
  • The applicant should have experience with Actimize or a similar automated monitoring system.
  • The applicant should have experience with database management (SQL, Hyperion).
  • For management positions, the applicant must possess demonstrated ability to manage and mentor midlevel officers and staff, set and administer goals, and set professional performance objectives for self and staff.
  • Must be bondable.

Pay is dependent on knowledge, skills, abilities, experience, and location.


Sunflower Bank Benefits

Employees enjoy outstanding benefits, including:

  • 401(k) Plan with 6% Match
  • Health/Dental/Vision Insurance
  • Company-paid Life Insurance
  • Tuition Reimbursement
  • Fitness Reimbursement
  • Paid Time Off
  • Volunteer Leave
  • Paid Holidays
  • Plus many more employee perks & incentives

People choose to “bank” with us, but for those we serve, we’re more than a bank. We strive to be the financial backbone of their lives and we know that starts with our team.


If you qualify, apply online at www.sunflowerbank.com/careers.


You’ve never worked anyplace like Sunflower Bank


EOE/AA: Minorities/Females/Disabled/Vets


Open until filled; early application encouraged. This vacancy announcement may be used to fill similar positions within 90 days.


If you are a California resident, you may be entitled to certain rights regarding your personal information, which is information that identifies, relates to, or could reasonably be linked with a particular California resident or household. Additional information about our data collection practices and location specific notices is available on our privacy policy.


Requirements:


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