BSA/AML Compliance Officer--Argent Trust Company

Posted: November 4, 2024

 

 

Argent Trust Company
BSA/AML Compliance Officer 
San Antonio, TX. (Other locations with Argent Offices may be considered.)



REPORTING STRUCTURE:  
Reports to the Chief Risk Officer

GENERAL FUNCTIONS:
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.

DUTIES & 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.
  • Utilizing 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) 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.
  • Develop and deliver BSA/AML compliance training programs for employees at all levels of the Trust organization.


JOB REQUIREMENTS:

  • Bachelor's in Business Administration, Finance, or a related field.
  • Professional BSA/AML or Regulatory Compliance certification (e.g., CAMS, CRCM).
  • Minimum of 5 years of BSA/AML experience with a preferred focus on Trust and Fiduciary industry.
  • 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).


PREFERRED: 

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

 


SUBMIT RESUME TO:
Deanna Rankin at drankin@argenttrust.com

 

 

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