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Financial Intelligence Group Analyst at S&T Bank in Indiana, Pennsylvania

Posted in Finance 30+ days ago.

Type: Full-Time





Job Description:

Work Days and Expected Hours:

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

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

Function: Assists the Financial Intelligence Group Analysis Coordinator (FIGAC) with performing information and data analysis and recordkeeping and government reporting functions for S&T Bank (S&T) in accordance with federal and state laws and regulations related to the Bank Secrecy Act, Anti-Money Laundering rules, USA Patriot Act and OFAC to protect the S&T from legal/compliance, reputation, and transaction risk.

Duties and Responsibilities:


  • Maintains and uses knowledge and understanding of relevant laws, regulations, policies, and procedures that apply to position responsibilities.

  • Obtains daily monetary instrument, CD’s redeemed for cash, foreign checks cashed, and currency exchange transaction information to verify it was uploaded into the Prime monitoring system.

  • Reviews unprocessed accounts, customers and activity, identifies discrepancies, and determines if information should have been processed and imported into the Prime monitoring system.

  • Reviews Non-Resident Aliens (NRAs) to ensure that proper documentation is collected and maintained.

  • Reviews Online Account Creation / Consumer Electronic Banking to ensure that new accounts are appropriate.

  • Review system updates on S&T OFAC systems (e.g. Prime, Qualifile, eWire) to ensure these are current, implemented and working effectively.

  • Review OFAC cases to determine legitimacy and report any matches to the Office of Foreign Assets Control.

  • Reviews, amends, and files Federal Government Currency Transaction Reports submitted by branches.

  • Works with Business Unit Compliance Analysts and key business unit employees to ensure that CTR, monetary instruments, CD cash, foreign check cashed, and currency exchange requirements are understood by staff.

  • Assists Senior Financial Intelligence Group Analysts with identifying monitoring red flags needing elevation to suspicious activity case level for investigation. The scope of suspicious activity red flags covers all activities within the FFIEC BSA/AML Examination Manual and associated regulations including money laundering, terrorist financing, fraud, and ID theft.

  • 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 to contribute to the success of the department and the organization.

  • Maintains a good working relationship with all bank employees and adheres to S&T’s Cultributes. Demonstrates the ability to work independently. Works as a team player to contribute to the success of the department and in turn the organization.

  • Performs additional duties as required.

 

Physical Demands

40% of the day is spent operating a keypad device.  The primary parts of the body involved in performing these tasks are fingers, thumbs and hands. Must be able to occasionally lift and/or move up to 20 lbs.  Use of electronic equipment is required 10% and use of a mouse 20% of the business day.  Specific vision requirements include close vision of 18”-20” for computer work.  90% of the business day requires sitting straight and 10% walking at a slow speed. Reasonable accommodations may be made to enable individuals with disabilities to perform essential function.

Experience


Required


  • 2 - 5 years: Requires two to five years of general experience and one to two years of specialized experience in BSA/AML Compliance, Fraud monitoring/detection, Prime Compliance or similar monitoring software.

Education


Required


  • Bachelors or better in Criminology and Criminal Justice or related field

  • Bachelors or better in Academic/General or related field

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)

See job description