OFAC

Mid Penn Bank - Millersburg Branch•Malvern, PA

2d•Onsite

About The Position

Mid Penn Bank is seeking a Director of BSA/AML/OFAC to join their team. This role is crucial for ensuring compliance with the Bank Secrecy Act (BSA) and related Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) regulations. The Director will administer the company's BSA/AML/OFAC program, coordinate with various departments, manage records, and provide necessary reports. The bank emphasizes employee development, a comprehensive benefits package, and an inclusive culture.

Requirements

A B.S. or B.A. degree in a related field preferred.
A minimum of five (5) years' experience in related positions normally required.
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.
Must be authorized to work in the United States without sponsorship for a work visa.

Nice To Haves

CAMS or similar professional certification preferred.

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.