BSA/AML Operations Analyst

Bonus Type

Summary

Our team excels in risk assessment by leveraging extensive industry knowledge, analytical skills, and a systematic approach to identify and mitigate risks. We ensure effective risk management tailored to BOKF’s needs through comprehensive evaluations, continuous monitoring, and interdepartmental collaboration. By reviewing operations, providing feedback on best practices, and identifying opportunities to enhance controls, we help BOKF achieve its objectives and improve overall risk management.

Job Description

The BSA/AML Operations Analyst is responsible for ensuring the monitoring, analyzing, researching, auditing, documenting, and timely filing of Currency Transaction Reports (CTR) enterprise-wide for all applicable BOK Financial subsidiaries.  The BSA/AML Operations Analyst ensures CTRs meet the provisions of the Bank Secrecy Act using an automated CTR system and maintains all records and reported information concerning CTR transactions.  The BSA/AML Operations Analyst will also review CTR cash aggregation reports for possible suspicious activity, such as structuring, placement and layering of funds.  The BSA/AML Operations Analyst will be responsible for the Bank’s CTR exemption process, including reviewing, documenting, and renewing according to annual exemption requirements.

Team Culture

Our risk management department is centered on vigilance, analytical thinking, and collaboration. Team members work together to identify, assess, and mitigate risks, creating an environment where growth and skill enhancement are highly valued. This proactive and cooperative approach ensures the bank's stability and resilience in a dynamic financial landscape.

How You'll Spend Your Time

• You will audit Currency Transaction Reports (CTRs) from branches and vaults to ensure they are accurately prepared and entered into the automated system.
• You will verify that all cash transactions subject to the Bank Secrecy Act (BSA) are properly reported to the IRS.
• You will investigate discrepancies to identify potential BSA violations or fraudulent activity such as deposit structuring.
• You will contact branch personnel for missing data, monitor for suspicious activity, and escalate findings to BSA/AML Investigators.
• You will review customer activity for CTR exemptions, gather required documentation, and maintain exemption records per BSA guidelines.
• You will maintain centralized records of CTRs, assist branches with compliance questions, and ensure procedures are up to date for regulatory review.

Education & Experience Requirements

The required level of knowledge is normally acquired through an Associates’ degree and one to two years of financial institution experience.  Experience in BSA/AML is preferred.  A minimum of two hours of continuing education is required each month on industry – related topics or technical skills related to the role.

• Advanced knowledge of Bank Secrecy Act, AML, USA PATRIOT Act, and the Money Laundering Suppression Act regulations and business transaction practices.
• Thorough knowledge of bank operations and compliance policies.                                                
• Excellent PC and software skills including Excel, Word, Fidelity, Atchley systems and Synergy.
• Excellent oral and written communications skills.
• Strong analytical skills with the ability to interpret information, research problems, and suggest appropriate solutions.
• Strong organizational skills and ability to prioritize working files and critical situations.