Financial Intelligence Group Officer

Work Location:
800 Philadelphia Street

Indiana, Pa 15701

Work Hours:

Monday - Friday

8:00am - 5:00pm

(Additional hours as needed to fulfill the needs of the department).

Function: Manage the Financial Intelligence Group (FIG) within the Security Department and S&T Bancorp's (S&T) Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) and Sanctions/OFAC Compliance Programs, ID Theft Red Flags Program, Cannabis-related Business (CRB) Banking Program, and Unlawful Internet Gambling Enforcement Act (UIGEA) Compliance Program. Manage the Suspicious Activity Monitoring and Reporting and Anti-Fraud functions within the AML/CFT Compliance Program. Ensure compliance with all federal, state, and local laws, rules, and regulations as well as S&T Bank policies and procedures related to the aforementioned programs, including but not limited to the AML Act of 2020, the USA PATRIOT Act (USAPA), and Office of Foreign Assets Control (OFAC) regulations. Manages the corporate process to ensure integration of business unit and corporate procedures to prevent, detect, and mitigate money laundering/terrorist financing (ML/TF) and other illicit financial activity, including fraud, risk. Performs duties related to investigative and transaction monitoring functions, the scope of which includes the entire life cycle of detection of unusual and suspicious activity, ongoing monitoring, preparation of federal government reporting for currency transactions and suspicious activities including, but not limited to, money laundering, structuring, terrorist financing, ID theft, and all types of fraud.

Duties and Responsibilities:

[Note: Functions related to the Anti-Money Laundering/Countering the Financing of Terrorism rules (AML/CFT), USA PATRIOT Act (USAPA), and Office of Foreign Assets Control (OFAC) rules, Suspicious Activity Monitoring and Reporting, Identity Theft and Fraud) are collectively referred to as AML/CFT/OFAC/Fraud unless otherwise noted. This includes the Fair Credit Reporting Act (FCRA) ID Theft Program, Unlawful Internet Gambling Enforcement Act, and Cannabis-related Business Banking.]

• Responsible for maintaining current in-depth knowledge of federal regulations related to the AML/CFT/OFAC/Fraud Program. Responsible for possessing a thorough knowledge of S&T's AML/CFT/OFAC/Fraud Program, procedures and processes.

• Reports to the Chief Security Officer. . Supervises the Vice President (VP) AML/CFT Officer and the VP Financial Crimes Officer. Manages the Financial Intelligence Group within the Security Department, including setting standards and goals and conducting performance evaluations.

• Identifies and quantifies corporate risk considering the size, level, and complexity of S&T's operations; financial product and service offerings; and their delivery systems. Completes the annual risk assessments for AML/CFT/OFAC, ID Theft, Unlawful Internet Gambling Enforcement Act and Cannabis Related Business Banking and risk assessments for new or changed products and services.

• Makes changes to the documented/AML/CFT/Fraud Program including the process, for regulatory, control and logistical purposes. Adjusts programs for changes in risk.

• Ensures that a seamless corporate-wide AML/CFT/OFAC/Fraud process is in place that appropriately contains first and second lines of defense controls to prevent, detect and mitigate financial crime risk, including fraud. Such risk includes detection, investigations, reporting and funds recovery.

• . . Serves as a member of the Operational and IT/Security Risk Committee.

• Develops and executes monitoring programs, including control assessments. Communicates and ensures corrective actions are taken for any identified procedural or training weaknesses in an effort to preclude regulatory violations.

• Works with business unit managers to ensure that AML/CFT/OFAC/Fraud related compliance requirements and monitoring controls are included in business processes.

• Applies knowledge of regulatory guidelines and industry best practices in making recommendations to mitigate risk.

• Effectively manages the automated Financial Crime software monitoring application Verafin in performing monitoring, alerts, analysis, unusual/suspicious activity, investigations, case management, SARs, Customer Due Diligence, Enhanced Due Diligence and High Risk Customer programs including account monitoring in accordance with corporate policy, procedures and federal regulations.

• Exercises a high-level of accuracy, initiative, interpersonal skills, and confidentiality while performing tasks in order to contribute to the success of the department and the organization.

• Assists the Employee Training and Development Department in the development and maintenance of an effective Bank training program for AML/CFT/OFAC/Fraud compliance.

• Coordinate preparation and the actual regulatory compliance exams with the PA Department of Banking, Federal Deposit Insurance Corporation, and all internal audits. Ensure timely responses to exam and audit results and verify all findings are satisfactorily cleared.

• Provides reports to the Chief Security Officer, senior management, and the Risk Committee on the status of the program, strategic direction, new threats, control deficiencies, and risk mitigation monitoring.

• Maintains a good working relationship with all S&T employees. Demonstrates the ability to work independently.

• Performs additional duties as required.

Physical Demands:

Operates a keypad device: 80% of the day; operates office equipment: 10% of the day. Routinely lifts 2 lbs., 20 times per day, maximum lift is 10 lbs., one time per day. Performs daily tasks with the use of manual dexterity skills for typing up to 40% of the business day. Must be able to focus visually at a close distance of 18"-20" for a period of up to 100% of the business day for computer work. Reasonable accommodations may be made to enable individuals with disabilities to perform duties.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Salary Range: