Financial Intelligence Group Analyst

S&T Bank•Plum, PA

3d•Onsite

About The Position

Assists the VP Financial Intelligence Group (FIG) Coordinator -BSA Team with performing information and data analysis and recordkeeping and government reporting functions for S&T Bank (S&T) in accordance with federal and state laws, rules, and regulations related to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) rules, USA PATRIOT Act (USAPA), the AML Act of 2020 and Office of Foreign Assets Control (OFAC) to protect the S&T from legal/compliance, reputation, and transaction risk.

Requirements

Requires a four-year college degree or equivalent in Business, Legal Studies, Law Enforcement or related major or equivalent experience, plus specialized training.
Responsible for possessing or the capability of understanding basic knowledge of US regulations regarding Bank Secrecy (BSA), Anti-Money Laundering rules, USA Patriot Act, Office of Foreign Assets Control, suspicious activity and Federal crimes.
Requires two to five years of general experience and one to two years of specialized experience in banking and/or BSA/AML Compliance, Fraud monitoring/detection, Verafin or similar monitoring software.

Responsibilities

Maintains and uses knowledge and understanding of relevant laws, rules, regulations, policies, and procedures that apply to position responsibilities.
Monitors monetary instruments, certificates of deposit (CDs) redeemed for cash, foreign checks cashed, and currency exchange transaction information.
Reviews non-resident aliens (NRAs) to ensure that proper documentation is collected and maintained.
Reviews Online Account Creation (OAC) / Consumer Electronic Banking (CEB) to ensure that new accounts are appropriate.
Reviews system updates on S&T OFAC systems (e.g., Verafin, QualiFile, eWire) to ensure these are current, implemented, and working effectively.
Reviews OFAC cases to determine legitimacy and report any matches to OFAC.
Reviews, amends, and files federal Currency Transaction Reports (CTRs) submitted by branches.
Works with Business Units) and key business unit employees to ensure that CIP/CDD, CTRs, monetary instruments, CDs cashed, foreign checks cashed, and currency exchange requirements are understood by staff.
Assists with identifying alerts needing elevation to suspicious activity case level for investigation. including money laundering, terrorist financing (ML/TF) and other financial crimes, fraud, and identity theft.
Effectively uses computer tools including automated software monitoring applications in performing, monitoring, and reporting activities.
Exercises a high-level of accuracy, initiative, interpersonal skills and confidentiality while performing tasks to contribute to the success of the department and the organization.
Maintains a good working relationship with all bank employees and adheres to S&T’s S&T’s Our Shared Future Purpose, Drivers and Values . Demonstrates the ability to work independently.
Works as a team player to contribute to the success of the department and in turn the organization.
Performs additional duties as required.