AML Analyst - Harrisburg, PA

Mid Penn Bank - Millersburg Branch•Harrisburg, PA

2h•Onsite

About The Position

The AML Analyst is responsible for ensuring compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) laws, and Office of Foreign Assets Control (OFAC) regulations. This role conducts investigations, analyzes customer activity, monitors suspicious transactions, and supports the filing of Suspicious Activity Reports (SARs). The AML Analyst plays a critical role in helping the institution detect and prevent illicit financial activities. This role supports the financial institution’s broader Financial Crimes Compliance (FCC) program, with a focus on detecting and preventing illicit activity through rigorous due diligence and regulatory reporting.

Requirements

Bachelor’s degree Criminal Justice, or a related field (or equivalent experience)
2–3 years of experience in BSA/AML compliance, fraud investigation, or financial services normally required
Knowledge of BSA/AML/OFAC regulations and financial crime risk management practices
Strong analytical and investigative skills with attention to detail
Proficient with Microsoft Office and case management systems (e.g., Patriot Officer, Verafin, Actimize)
Excellent written and verbal communication skills
Strong analytical and problem-solving skills.
Attention to detail and ability to work independently.
Ability to work under pressure and handle sensitive information with discretion.
Proficient reading, writing, grammar, and mathematics skills; proficient interpersonal relations and communicative skills; proficient computer skills, including knowledge of Microsoft Office software and core programs; knowledge of sound financial services and business principles; 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 including close vision, auditory and speaking skills; valid driver’s license is required.
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.

Responsibilities

Interprets and applies the Bank Secrecy Act, Anti-Money Laundering laws, USA PATRIOT Act, and Office of Foreign Assets Control (OFAC) regulations in daily responsibilities.
Follows FinCEN guidelines and executes SAR filing procedures and AML risk typologies (e.g., structuring, funneling, human trafficking).
Identifies patterns that may indicate money laundering or terrorist financing.
Distinguishes between false positives and actionable red flags through investigation and analysis.
Utilizes AML software tools (e.g., Verafin, Patriot Officer, Actimize, FCRM).
Navigates core banking systems and executes data queries to support AML reviews and investigations.
Prepares, documents, and submits SARs (suspicious activity reports) in a timely and compliant manner.
Monitors and analyzes daily transactions for suspicious activity using internal systems and reports.
Conducts thorough investigations on alerts or referrals, including researching customer profiles, transaction history, and related documentation.
Utilizes software tools to track and analyze transaction data and generates reports to aid in identifying patterns of potentially suspicious behavior.
Maintains accurate and detailed records of investigations, findings, and decisions in a clear and organized manner.
Works closely with AML/BSA/Fraud personnel and other departments to escalate issues and ensure appropriate action.
Assists with the preparation, documentation, and timely filing of Suspicious Activity Reports (SARs).
Provides timely reporting to the BSA Officer and other appropriate groups or individuals.
Maintains various records, logs and files relating to financial services BSA functions; updates on an ongoing basis to keep current.
Assists in gathering and updating information required for the annual Risk Assessment (BSA, CIP, OFAC, Red Flag).