Job description:
- Assist 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
- Complete a review of new customer for CIP requirements; communicate to retail and lending department of any missing or incomplete requirements for CIP compliance
- Review of Customer Due Diligence (CDD) questionnaires for completion and appropriateness of responses; communicate updates needed to retail department
- Assist with Currency Transaction Reporting
- Review and certify OFAC reports and alerts
- Communicate with the retail department to ensure accurate and timely report filing and address any BSA deficiencies
Compliance
- Comply with applicable bank regulations, such as regulations governing disclosures
- Comply with applicable bank regulations, such as regulations governing currency transactions, purchase of negotiable instruments, and money laundering (BSA, AML)
- Participate in annual compliance and other job-related training
Relationships and Contacts
Internal: Reports to BSA Officer, occasional interactions with senior management; daily interaction with Retail, Lending and Deposit Operations Teams; as required interaction throughout organization to provide compliance advice at all levels
External: Routine interaction with internal auditors and also regular contact with industry, trade, other bank/thrift groups regarding current events, upcoming legislation, operations and other industry concerns
Education and Experience
- Bachelor's Degree or equivalent experience
- A minimum of one year of banking experience
Skills and Competencies
- 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
- Willingness to work flexible hours
- Computer experience with Microsoft Word, Excel
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.
Penn community Bank is an equal opportunity employer.