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 depa