BSA/AML Compliance Analyst
Job LocationsUS-PA-Doylestown
Job ID
2024-1803of Openings1Category
ComplianceOverviewThis 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.ResponsibilitiesAssist the BSA Officer with monitoring the Bank's BSA program and ensuring adherence to BSA, Anti-Money Laundering (AML), and Customer Identification Program (CIP), and Office of Foreign Assets Control (OFAC) policies
Utilize Bank's Anti-Money Laundering software to review activity and take appropriate measures to acknowledge or escalate alerts
Initiate Suspicious Activity Report process detected through monitoring; assist with the collection of documentation required to make a well-defined analytical determination of the appropriate BSA related decisions (e.g., identification of suspicious activity requiring Suspicious Activity Report (SAR) filing)
Complete Enhanced Due Diligence (EDD) reviews for all high-risk customers identified through risk analysis
Process FinCEN 314(a) requests on bi-weekly or as-needed basis
Review for current and new Currency Transaction Report (CTR) exemptions
Provide back up for Case, SAR, subpoena, levies and Watchlist reviews
Provide back up for review of new customer for CIP requirements; communicate to retail department of any missing or incomplete requirements for CIP compliance
Provide back up for Currency Transaction Reporting
Provide back up for the Review and certification of OFAC reports and alerts
Maintain Monetary Instrument log
Assist in completing data validation of the Bank's Anti-Money Laundering Software.
Assist with preparing, maintaining, and updating of manuals, procedures, and training materials
Support determination of Bank Compliance training requirements
Communicate with the retail department to ensure accurate and timely report filing and address any BSA deficienciesQualificationsEducation and Experience
Bachelor's Degree or equivalent experience
A minimum of three years of banking experienceSkills and Competencies
Strong knowledge of BSA/ AML compliance
Ability to handle multiple projects at one time
Ability to interact with all levels of staff and management
Excellent interpersonal skills
Strong problem-solving skills
Effective communication skills, both verbal and written
Strong editorial skills in English composition, grammar, and prooing
Willingness to work flexible hours
Computer experience with Microsoft Word, ExcelIt 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.