Director of BSA/AML/OFAC

A great banking experience starts with a great team! Mid Penn Bank is actively seeking a Director of BSA/AML/OFAC to join our team. 

We believe that our ongoing success depends upon a skilled, satisfied, and valued work force. As a member of our team, you can expect opportunities to develop your skills to help you excel in your role and achieve your professional career goals. We offer a comprehensive range of flexible benefits to support your personal and financial well-being. Our inclusive culture encourages all employees to share ideas, collaborate, and contribute to the values that make us a winning team for our customers, shareholders, and communities. 

Position Overview

The Director of BSA/AML/OFAC is the Organization’s Board-approved BSA Officer and is responsible for ensuring that all activities are performed in compliance with all provisions of the Bank Secrecy Act (BSA) and all other applicable federal, state, and local regulations related to Anti-Money Laundering (AML) and the Office of Foreign Assets Control (OFAC).  This individual will administer the Company’s BSA/AML/OFAC program, coordinate work within the department as well as with other departments, communicate with appropriate personnel, respond to inquiries or requests for information, maintain appropriate records and provide assigned reports.  

Essential Duties and Responsibilities

• Develops policies which address compliance with BSA/AML/OFAC regulations.
• Manages day to day operations within the department with a mission to implement, maintain, and continuously enhance the overall program.
• Provides oversight, direction, and guidance on active investigations, EDD monitoring, CTR completion, regulatory screening, and technology resources; guide and advise staff on the more complex phases of their work.
• Implements a system of internal controls for compliance with the BSA, including suspicious activity reporting and anti-money laundering, throughout the company’s functional areas and across product and service offerings.
• Develops objective standards against which practices and procedures can be evaluated and reviewed.
• Complies with established operating policies and procedures in order to maintain adequate controls and to support the adherence to outside regulatory requirements.
• Schedules periodic reviews.
• Provides BSA training to employees, as needed, to ensure continued compliance with all regulatory and legal requirements.
• Works with Federal and State compliance examiners; takes/recommends action to correct deficiencies.
• Develops a list of products, services, customers, and geographies that are considered high-risk for money laundering.
• Participates in IT initiatives for managing data and systems used in the BSA Department.
• Plays an active role in protecting the organization and its customers against fraud by incorporating risk awareness and prevention into daily responsibilities.
• Supervises assigned employees.
• Files all applicable BSA reports to Federal government agencies.
• Maintains appropriate records and provides assigned reports.
• Establishes and maintains an AML governance program to consistently track department accomplishments, manage and validate data, provide reporting to Senior/Executive Management and the Board of Directors

Education & Qualifications

• A B.S. or B.A. degree in a related field preferred.
• A minimum of five (5) years' experience in related positions normally required.
• CAMS or similar professional certification preferred. 

Skill(s)

Proficient reading, writing, grammar, and mathematics skills; proficient interpersonal relations and communicative skills; proficient analytical skills and problem-solving ability; thorough knowledge of the Bank Secrecy Act (BSA) and all applicable federal, state, and local regulations; moderate computer skills; ability to sit, stand, walk, bend, stoop, reach with hands or arms, use hands to manipulate objects, handle or feel, and lift items weighing 20 lbs. or less ;  visual, auditory and speaking skills; valid driver’s license is required.

Equipment/Machines

• Automobile
• Telephone
• PC/Computer keyboard
• Printer
• Calculator
• Fax machine
• Copy machine 

Pay Transparency

We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry. Specific compensation offered will be determined based on a combination of factors including the candidate’s knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location.

Benefits

Mid Penn Bank offers a comprehensive benefits package to those who qualify. This includes medical plans with prescription drug coverage; flexible spending account, dental and vision insurance; life insurance; 401(k) program with employer match and employee stock purchase plan; paid time off, paid holidays; disability insurance coverage, parental leave; employee assistance program, and tuition reimbursement.  

In addition, all employees are eligible to participate in mentorship programs, receive individualized development and career counseling, and participate in Mid Penn University courses and development programs.  

EEO Statement

Qualified applicants are considered without regard to race, color, age, sex, sexual orientation, gender identity, religion, national origin, genetic information, pregnancy, disability, or protected veteran status. We also comply with all applicable laws governing employment practices and do not discriminate on the basis of any unlawful criteria.

Equal Opportunity Employer–Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity

Sponsorship Statement

As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Mid Penn Bank currently or in the future.