Job Description

Job Description

Job Description

BSA/AML Compliance Officer Position Summary:

The BSA/AML Officer develops, implements, administers, and maintains all aspects of the Bank Secrecy Act/Anti-Money Laundering Compliance Program. He/she ensures the program functions at a high level of compliance with the BSA/AML related laws and regulations, internal policies and Federal regulatory expectations. The BSA/AML Officer is required to be fully knowledgeable and skilled in all areas of BSA/AML compliance and to independently recognize, develop, and implement effective compliance related solutions for the BSA/AML program.

Job Location : San Antonio, TX preferred. Other locations with Argent offices may be considered.

Responsibilities:

• Develop, implement and administer BSA compliance programs and policies in accordance with regulatory requirements.
• Establishes and maintains an effective CDD/EDD risk rating and monitoring program.
• Utilzing the Governance/Risk/Compliance (GRC) system, conduct periodic risk assessments to identify potential areas of vulnerability.
• Support and maintain BSA/AML software and ongoing development. Review effectiveness of automated system (LexisNexis) reports and recommend changes or modifications.
• Monitor transactions and customer activity for suspicious patterns indicative of money laundering or other illicit activities.
• Review watch lists and watch list alerts. Analyzes possible matches and takes appropriate actions.
• Support 314(a) and 314(b) procedures and reporting/filing.
• Manage the process of filing Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) as required by law.
• Assist all levels of personnel across all lines of business with BSA/AML/CIP/KYC and OFAC guidance and support, including regulatory changes and best practices. Follow-up on any irregularities that come from proposed new business and newly opened accounts.
• Conduct regular compliance reviews and assessments to ensure adherence to internal policies and procedures.
• Collaborate with internal stakeholders to address compliance issues and implement corrective actions, as needed.
• Develop and deliver BSA/AML compliance training programs for employees at all levels of the Trust organization.
• Keep abreast of BSA/AML regulatory developments and Trust industry trends to ensure training materials are current and effective.
• Foster a culture of compliance awareness and accountability throughout the organization.
• Prepare and submit regulatory reports and filings in a timely and accurate manner.
• Performs other duties as assigned.

Education and Experience:

• Required: Bachelor's degree in Business Administration, Finance, or a related field.
• Required: Professional BSA/AML or Regulatory Compliance certification (e.g., CAMS, CRCM).
• Required: Minimum of 5 years of BSA/AML experience with a preferred focus on Trust and Fiduciary industry.
• Required: Thorough understanding of BSA regulations, including the USA PATRIOT Act, as well as other relevant laws and regulations governing financial institutions, such as the Corporate Transparency Act (CTA).
• Required: Strong analytical and problem-solving skills, with the ability to interpret complex regulatory guidance and apply it to practical scenarios.
• Required: Excellent communication and interpersonal skills, with the ability to collaborate effectively with internal and external stakeholders.
• Required: Detail-oriented with a high level of integrity and professionalism.

• Preferred: Governance/Risk/Compliance (GRC) system experience, primarily Ncontracts risk and compliance solutions.
• Preferred: LexisNexis experience, including OFAC, Instant ID, AML Insight and World Compliance.
• Preferred: Working knowledge of foreign (FBAR) and Non-Resident Alien (NRA) activity.

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