Fin Intelligence Group Coordinator

stbancorp; United States; On-site; USD 90,000 - 130,000; Full time

Job summary

S&T Bancorp, Inc. is seeking a senior AML/CF T professional to support the Financial Intelligence Group, oversight of the BSA/AML/OFAC programs, and coordination with the FIGO and compliance teams.

This role focuses on surveillance, risk assessment, and regulatory reporting to protect the bank from financial crime risks. The position requires in-depth knowledge of BSA/AML, US PATRIOT Act, OFAC, and related regulations, with experience in FRAML and continuous monitoring.

Qualifications

• Proficient understanding of BSA/AML requirements and related regulations.
• Ability to analyze and interpret regulatory guidance and corporate policies.
• Strong risk assessment and data analysis skills.

Responsibilities

• Maintain knowledge of applicable laws, regulations, and procedures.
• Assist AML/CFT Officer and FIGO with risk assessments and policy updates.
• Oversee monitoring controls and data reporting for compliance programs.
• Communicate regulatory requirements and changes to staff and management.
• Analyze suspicious activity and assist in investigations and government reporting.
• Support regulatory exams and audits with prepared documentation.

Skills

BSA/AML knowledge

Regulatory compliance

Education

Certified Anti-Money Laundering Specialist

Tools

Verafin

Job description

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.

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).

Duties and Responsibilities:

• 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 membersh