Digital Assets Compliance Analyst

United Texas Bank Dallas



About the job

As a Texas business bank focused on our clients, our mission is to provide creative and responsive solutions to help our clients achieve financial success. The strength of UTB is based on our ability to listen and react to our customerโ€™s needs in a timely, personal, and professional manner.


Overview:

The Digital Assets Compliance Analyst is responsible for supporting the Digital Asset Compliance Director and the Chief Compliance Officer in managing our high-risk lines of business. This includes the focus on cryptocurrency, international banking, and foreign correspondent banking. The position requires experience and understanding of money services businesses (MSBs) such as Money Transmitters, International Wire Transfers, Digital Assets, Virtual/Cryptocurrency, and Foreign Exchange.


Responsibilities:

  • Monitor, review, and research regulations related to incoming and outgoing international wire transfers, FX, and crypto compliance programs.
  • Must be able to provide expert compliance and regulatory support pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and the office of Foreign Assets Controls (OFAC) as well as identification of suspicious activity patterns, customer onboarding due diligence, Know Your Customer (KYC), and Customer Identification Program (CIP) requirement for high-risk customers, products, and services.
  • Responsible for producing analysis reports that detail trends, patterns, and risk factors in customer transaction activity.
  • Manage customer onboarding and ongoing BSA/AML processes for international wire transfers, digital asset product customers, and foreign correspondent financial institutions.
  • Monitor OFAC & SAR reporting for international wire transfers and digital asset products.
  • Must stay current on industry and regulatory requirements and issues.


Requirements:

  • BA/BS in Accounting, Finance, Legal or Law Enforcement, or equivalent experience.
  • Minimum of 3 yearsโ€™ experience in one or more related field(s) including risk-advisory, banking, internal audit, regulatory compliance, BSA/AML Compliance, foreign correspondent banking, Money Service Business, fintech, and/or cryptocurrency-related businesses.
  • Experience using automated BSA/AML monitoring systems preferred.
  • Ability to quickly learn new concepts and demonstrate competence in a complex financial services environment.
  • Creative, flexible, responsive, solutions-driven approach to problem-solving.
  • Excellent oral and written communication skills with the ability to communicate complex information to all levels of clients.
  • Ability to explain complex regulatory requirements to senior-level management.
  • Ability to work well as an individual contributor as well as on a team.
  • Must be able to complete projects with minimal direction and meet tight deadlines.
  • Ability to problem solve by researching and analyzing issues while demonstrating sound judgment.
  • Understanding of international payments, cryptocurrency, and wire transfers preferred.


This job is onsite. Employees must be able to make the commute to the office in Dallas, TX.


UTB is an equal opportunity and affirmative action employer. Qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.


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