BSA Officer
Company: Lone Star National Bank
Location: Mcallen
Posted on: August 4, 2022
Job Description:
JOB SUMMARY
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.
ESSENTIAL DUTIES
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
QUALIFICATIONS
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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