Financial Intelligence Group Coordinator - BSA Team

Location:

800 Philadelphia Street

Indiana, PA 15701

or

100 Corporate Center Drive
Suite 200
Camp Hill, PA 17011

or

4599 Cemetery Road

Hilliard, OH 43026

or

358 N Shore Dr

Pittsburgh, PA 15212

or

2 North Church Street

West Chester, PA 19380

Hours:

Monday-Friday 8:00AM-5:00PM

(Additional hours as necessary to meet the objectives of the department)

Function:

Primarily responsible for supporting the Financial Intelligence Group Officer (FIGO) and AML/CFT Officer in ensuring that S&T Bancorp, Inc. (S&T) operates in conformity with federal and state laws, rules, and regulations related to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) rules, USA PATRIOT Act (USAPA), Anti-Money Laundering Act of 2020 and Office of Foreign Assets Control (OFAC) to protect S&T from legal/compliance, reputation, and transaction risk. Supervises a designated Financial Intelligence Group (FIG) Team. Responsible for maintaining and using S&T’s automated financial crime monitoring system, overseeing manual controls related to fraud and anti-money laundering (FRAML), performing information and data analysis, recordkeeping, and government reporting functions for S&T. In addition, assists the FIGO and AML/CFT Officer with the FRAML process to ensure integration of business unit and corporate procedures to prevent, detect, and mitigate fraud, money laundering and terrorist financing (AML/CFT), and other financial crimes risk. Performs duties related to investigative and transaction monitoring functions, the scope of which includes the entire life cycle of detection of unusual and suspicious activity; ongoing monitoring; and preparation of federal government reporting for suspicious activities including, but not limited to, money laundering, structuring, terrorist financing, identity (ID) theft, and bank fraud.

Duties and Responsibilities:

[Note: Functions related to the BSA/AML, USAPA, and OFAC are collectively referred to as AML/CFT unless otherwise noted. This includes the Fair Credit Reporting Act (FCRA) ID Theft Program and Unlawful Internet Gambling Enforcement Act (UIGEA).]

• Maintains and uses knowledge and understanding of relevant laws, regulations, policies, and procedures that apply to position responsibilities. In addition, maintains knowledge of current ML/TF and other financial crime methodologies and emerging trends.
• Assists the AML/CFT Officer and FIGO with identifying, quantifying, and assessing risk considering the size, level, and complexity of S&T’s operations, financial product and service offerings, and delivery systems.
• Assists the FIGO in completing the periodic BSA/AML/OFAC risk assessment and ensuring that appropriate documented policies and procedures are maintained.
• Works with compliance liaisons to ensure that BSA/AML related compliance requirements and monitoring controls are included in business processes.
• Communicates with all employees regarding regulations related to BSA/AML/OFAC, AML/CFT, and other financial crimes including fraud, and assures compliance with changes to the BSA/AML Compliance Program.
• Analyzes BSA/AML compliance problems, issues, and transactions, elevating identified issues to the AML/CFT Officer and FIGO, and other appropriate management.
• Assists in the development and execution of monitoring programs to identify risks, including control assessments, and mitigate risk as directed.
• Assists the AML/CFT Officer and FIGO in communicating and ensuring corrective actions are taken for any identified procedural or training weaknesses in an effort to preclude regulatory violations.
• Assists regulatory examiners and auditors during exams and audits as requested by department management.
• Assists the AML/CFT Officer and FIGO in the development and execution of monitoring programs, including control assessments to identify control deficiencies and mitigate risk. Assists the AML/CFT Officer and FIGO in communicating and ensuring corrective actions are taken for identified procedural or training weaknesses related to FIG Analyst functions in an effort to preclude regulatory violations.
• Responsible for maintaining the Verafin financial crime software system to monitor and identify suspicious activity and fraud.
• Effectively uses computer tools including automated software monitoring applications in performing monitoring and reporting activities.
• Exercises a high-level of accuracy, initiative, interpersonal skills, and confidentiality while performing tasks in order to contribute to the success of the department and the organization.
• Identifies emerging trends related to BSA/AML/OFAC, AML/CFT, and fraud to develop rules for identifying suspicious activity red flags.
• Maintains a good working relationship with all S&T employees and adheres to S&T’s Culture.. Demonstrates the ability to work independently and as a team player to contribute to the success of the department and in turn the organization.
• Obtains and maintains the Certified Anti-Money Laundering Specialist designation including membership in the Association of Certified Anti-Money Laundering Specialists.
• Performs additional duties as required.
• Supervises assigned or designated FIG team members covering S&T’s market areas.
• Specific duties in accordance with team mission as follows:

For the FIG Coordinator – BSA Team:

• Maintains the Customer Identification Program (CIP) and Customer Due Diligence (CDD) programs.
• Manages and maintains BSA Team functions within the Verafin system’s BSA module.
• Trains FIG staff and other business units as requested for BSA-related items (e.g., CTRs, CIP, CDD, Beneficial Ownership).

For the FIG Coordinator – High-Risk Customer (HRC) Team:

• Maintains the Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) programs including conducting account-monitoring high- and moderate-risk accounts and transactions.
• Manages and maintains High-Risk Customer (HRC) Team functions within the Verafin system’s HRC module.
• Assists in the identification of risk considering the size, level, and complexity of the Bank’s operations; financial product and service offerings; and their delivery systems.
• Trains FIG staff and other business units as requested for high-risk customers, accounts, products, and services.

For the FIG Coordinator – Fraud Team:

• Assists in ensuring that a seamless corporate-wide FRAML process is in place that appropriately contains first and second lines of defense / controls to prevent, detect, and mitigate financial crime risk, including fraud. Such risk includes detecting, reporting, and recovering significant funds and working closely within the Security Department for security/information incidents.
• Manages and maintains Fraud Team functions within the Verafin system’s Fraud module.
• Investigates and provides analysis for assigned suspicious activity (including AML/CFT, fraud, etc.) and prepares Suspicious Activity Reports in accordance with corporate policy and federal regulations.
• Trains FIG staff and other business units as requested for suspicious activity and fraud-related issues.

Education:

Requires a four-year college degree or equivalent experience. Additional required education, training, certification, or licenses necessary to meet minimum job requirements: Comprehensive specialized education on federal laws, regulations and policies related to the BSA/AML rules, USAPA, OFAC, fraud, suspicious activity, and federal crimes. Certification covering BSA/AML and/or fraud from an appropriate industry service organization.

Experience:

Requires ten plus years of general business experience, with five to ten years specialized experience, specifically comprehensive experience administering a bank program to comply with federal laws, regulations and policies related to the Bank Secrecy Act, Anti-Money Laundering rules, USA Patriot Act and Office of Foreign Assets Control. Automated account monitoring software experience preferred.

Physical Demands:
40% of the day is spent operating a keypad device; 10% of the day is spent operating electronic equipment. Sitting 90% of the day. Walking is required 10% of the day, which is slow in speed. Uses manual dexterity skills for typing and data entry up to 40% of the business day. Must be able to occasionally lift and/or move up to 20 lbs. Specific vision requirements include close vision of 18”-20” for computer work. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Offered rates and salaries may vary based on geographic location, market data and on experience, education, and evidenced position specific skill requirements.

For roles that are incentive eligible, payment is based upon the plan document and company, business, and/or individual performance.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

Salary Range:

$55,000.00 - $156,450.00