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BSA Officer

Company: Lone Star National Bank
Location: Mcallen
Posted on: August 4, 2022

Job Description:

The Bank Secrecy Act Officer oversees the Financial Intelligence Department and oversees all aspects of the BSA/AML/OFAC Compliance and Anti-Fraud/Loss Prevention at Lone Star National Bank. The BSA Officer is the designated administrator of the Bank's Identify Theft and Red Flags Program. The BSA Officer ensures Lone Star National Bank maintains compliance with all applicable BSA/AML/OFAC laws and regulations related to BSA/AML/OFAC and Fraud.
The duties listed below may not include all responsibilities that the person in this role may be asked to perform. Incumbent may be required to perform other related duties, as assigned, including cross training across other departments, as necessary.

  • Oversees and ensures the Bank's compliance with Bank Secrecy Act (BSA) and anti-money laundering (AML) initiatives
  • Serves as the designated BSA/AML/OFAC Officer
  • Oversees and ensures Lone Star National Bank's maintains an effective Anti-fraud and Loss Prevention Program
  • Serves as the designated administrator of the Bank's Identify Theft and Red Flags Program
  • Ensures compliance and adherence to BSA and related policies, procedures and guidelines by using tools such as tracking forms, application forms, currency transaction reporting (CTR), suspicious activity reporting (SAR), monetary instruments sold for cash, customer exemptions, Patriot Act and OFAC processes
  • Ensures compliance and adherence to Anti-Fraud and Loss Prevention policies, procedures, and processes
  • Implements applicable regulatory standards and requirements related to financial crimes including, but not limited to, Elderly Financial Exploitation, Identity Theft, Debit Card, ACH Check, and Wire fraud
  • Develops, establishes and maintains strong anti-money laundering by ensuring system controls and high standards of customer and employee identification
  • Maintains a working knowledge of payment channels within the institution and industry to mitigate fraud trends
  • Stays abreast of changes in BSA laws and regulations, and ensures all Bank departments' policies are in compliance
  • Develops, establishes and maintains BSA Compliance program and ensures ongoing education, training and testing on Bank's BSA policies and procedures
  • Ensures understanding of debit card fraud and related automation systems to meet regulatory and job demands
  • Coordinates BSA and Fraud portions of regulatory and internal audit examinations, including interfacing with examiners during periodic examinations
  • Prepares and presents reports to senior management regarding the status of BSA issues
  • Manages the hiring, daily activities, coaching, evaluating and counseling of reporting staff
  • Participates in job specific training and other various Bank training programs, as necessary
  • Maintains current knowledge of internal risk controls and loss prevention, including reporting of suspicious or unusual customer activity per Bank policy, and ensures adherence by the respective department personnel
  • Maintains current knowledge and complies with all federal and state laws and regulations and all established Bank policies and procedures, including internal audit controls related to department operations, and ensures adherence by the respective department personnel
  • Maintains current knowledge of all rules, regulations, and laws as they apply to BSA/OFAC/USA Patriot Act/CIP/AML, and ensures adherence by the respective department personnel

    These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

    • A self-starting team player who possesses a four-year college degree in Accounting, Finance or related business degree
    • At least ten years of prior work experience in a financial institution with BSA/compliance or risk management, including three years in a managerial capacity
    • CAMS certification and a proven track record of managing a successful BSA program
    • Strong analytical skills, knowledge of banking laws and regulations and problem-solving ability
    • Excellent leadership, coaching, interpersonal, oral and written communication skills are necessary for maintaining effective relationships with employees, managers, auditors and examiners
    • Ability to maintain confidentiality, good business judgment and exercise discretion in performing daily duties
    • Prior project management experience
    • Extensive PC knowledge in order to train and direct employees using applications and operating systems
    • Ability to work effectively in a fast-paced environment and meet deadlines
    • Bilingual in English and Spanish is desired

Keywords: Lone Star National Bank, McAllen , BSA Officer, Accounting, Auditing , Mcallen, Texas

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