Overview:

This position has the primary responsibility to Support the BSA Officer in the development, implementation and maintenance of the Bank Secrecy Act (BSA) Program for the Bank and affiliates.  This position also serves as both an evaluator of established policies and procedures as well as an advisor on the drafting and implementation of same.

Responsibilities:

Essential Functions

The following is a list of essential functions, which may be subject to change at any time and without advance notice. Management may assign new duties, reassign existing duties, or eliminate a function.

Assist the BSA Officer with monitoring the Bank’s BSA program and ensuring adherence to BSA, Anti-Money Laundering (AML), Customer Identification Program (CIP), Customer Due Diligence (CDD) and Office of Foreign Assets Control (OFAC) policies

Assist the BSA Officer with gathering Audit & Examination documents

Assist the BSA Officer with annual system validation and transaction monitoring system tuning

Monitor and review account activity in regard to associated risk and to determine potential suspicious activity

Conduct in depth investigations and make well defined analytical determination of the appropriate BSA related decisions (e.g., identification of suspicious activity requiring Suspicious Activity Report (SAR) filing)

Write Suspicious Activity Report (SAR) narrative and complete SAR form; monitor and follow-up on current and continuing reports

Complete Enhanced Due Diligence (EDD) reviews for all high-risk customers identified through risk analysis

Complete behavior reviews within utilizing the Bank’s Anti-Money Laundering software, review activity and take appropriate measures to acknowledge or escalate potentially suspicious activity

Review and certify any OFAC matches; escalate any positive matches

Review for current and new Currency Transaction Report (CTR) exemptions

Process FinCEN 314(a) requests on bi-weekly or as-needed basis

Assist with preparing, maintaining, and updating of manuals, procedures, and training materials

Communicate with the retail department to ensure accurate and timely report filing and address any BSA deficiencies

Qualifications:

Education and Experience

Bachelor's Degree or equivalent experience

Minimum of three (3) years of banking BSA experience with two (2) years in BSA/AML preferred

BSA/AML transaction monitoring system experience, preferred

CAMS or CAFP certification, preferred

Skills and Competencies

Solid knowledge of BSA/ AML compliance

Ability to handle multiple projects at one time

Ability to interact with all levels of staff and management

Ability to deal with customers effectively

Excellent Investigative skills

Strong interpersonal skills

Strong problem-solving skills

Effective communication skills, both oral and written

Strong editorial skills in English composition, grammar, and proofreading

Willingness to work flexible hours

Computer experience with Microsoft Word, Excel and Adobe

Working Conditions

Traditional office environment with ability to work remotely on a hybrid basis; the office maintains five day a week operations (Monday – Friday) with operational hours of 8:00am – 5:00pm.

Physical Demands

Penn Community promotes an equal opportunity workplace, which includes reasonable accommodations of otherwise qualified disabled applicants and employees. Please contact Human Resources with questions regarding the physical demands of this position.

Lifting/carrying up to 10 lbs.

Manual dexterity for computer work

Speaking, hearing, and vision are required to perform essential functions

Equal Employment Opportunity

It is the policy of Penn Community to provide equal employment and advancement opportunities to all individuals. For this reason, employment decisions at Penn Community will be based on merit, qualifications, and abilities. Except where required or permitted by law, employment practices will not be influenced or affected by an applicant's or Team Member's race, color, religion, sex, national origin, age, sexual orientation, physical or mental disability, veteran status, or any other characteristic protected by law.