BSA/AML Operations Analyst

Bonus Type

Summary

This department 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 supporting the organization’s compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), and related regulations.  This role involves monitoring, analyzing, researching, auditing, documenting, and timely reporting of activities and transactions that may be subject to regulatory requirements.  The BSA/AML Operations Analyst utilizes automated systems and maintains records to ensure compliance, and reviews transaction reports for potential violations, including but not limited to currency transaction reports, and/or OFAC alerts produced real-time through electronic payment systems.  This position also supports exemption processes and periodic reviews as required by regulatory guidelines.

Team Culture

Our team 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 monitor and resolve flagged transactions to ensure compliance with regulatory, sanctions, and internal policy requirements.
• You will analyze and validate alerts, escalate concerns when necessary, and document decisions in line with established procedures.
• You will maintain accurate records and reporting to support audits, examinations, and regulatory obligations.
• You will collaborate with internal teams to provide guidance, respond to inquiries, and assist with updates to procedures and controls.
• You will identify trends and recommend improvements to filtering systems, reporting processes, and overall compliance effectiveness.
• You will complete required filings and reviews on time, including BSA reporting and periodic compliance assessments.

Education & Experience Requirements

This level of knowledge is normally acquired through an Associates’ degree and 1-2 years of financial institution experience.  Experience in BSA/AML is preferred. 

• Advanced knowledge of the 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 communication 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.