Financial Intelligence Group Analyst

Locations: 800 Philadelphia Street, Indiana, PA 15701; 7660 Saltsburg Rd, Pittsburgh, PA 15239; 358 North Shore Drive, Pittsburgh, PA 15212; 2 North Church Street, West Chester, PA 19380; 4 Brandywine Ave, Downingtown, PA 19335

Schedule

Monday–Friday, 8:00 AM–5:00 PM (additional hours as necessary to meet department objectives)

About the role

Assists the VP Financial Intelligence Group (FIG) Coordinator – BSA Team with performing information and data analysis, recordkeeping, and government reporting functions for S&T Bank 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 S&T from legal/compliance, reputation, and transaction risk.

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), 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 Our Shared Future Purpose, Drivers, and Values.
• Demonstrates the ability to work independently and as a team player to contribute to the success of the department and the organization.
• Performs additional duties as required.

Requirements

• Four-year college degree or equivalent in Business, Legal Studies, Law Enforcement, or related major, plus specialized training.
• 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.
• 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.

Physical Demands

• 40% of the day spent operating a keypad device.
• Occasional lifting and/or moving up to 20 lbs.
• Use of electronic equipment 10% and use of a mouse 20% of the business day.
• Close vision of 18”–20” for computer work.
• 90% of the business day requires sitting; 10% walking at a slow speed.

Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Pay

Salary range: $33,750.00 – $69,300.00