BSA/AML Specialist

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.