Fulton Bank is committed to making a positive impact in local communities and champions a culture of continuous learning and inclusion. The AML and OFAC Governance Associate will support the bank's BSA Department in developing and maintaining compliance programs, focusing on risk governance practices and regulatory adherence.
Responsibilities
- Provide support to the bank's BSA Department, in developing, implementing and maintaining BSA, AML and OFAC Compliance Program requirements
- Responsible for risk governance practices including policies and procedure adherence, the support and execution of the risk assessments, quality assurance monitoring and reporting, and representation on bank wide initiatives
- Conduct job tasks in compliance with operating procedures and standards for the BSA, AML & OFAC Compliance Programs
- Support monitoring and testing functions to ensure procedures are being followed properly, including internal control processes and communicates identified exceptions and tracks corrective actions for remediation
- Remain current on industry best practices, laws, regulations, and risk management disciplines to enhance the BSA, AML & OFAC Compliance Programs
- Apply knowledge of regulatory guidelines and industry best practices in making recommendations to mitigate risk
- Support the BSA and OFAC Risk Assessment process by analyzing large quantities of information to identify compliance gaps, provide value-added compliance support with the objective of improving operations, ensure compliance with laws, regulations and organizational policies, risk management and the overall system of internal controls related to AML and OFAC regulatory adherence
- Participate in the corrective actions of deficiencies noted in Reports of Examination, Internal Audit Reports, and self-identified issues from the BSA and OFAC Risk Assessments and QA monitoring
- Support the preparation of internal audits and regulatory examinations
- Support Governance Officers in compliance reporting and CTR reconcilements while partnering with the line of business units to promote adherence to BSA, AML and OFAC policy and procedure requirements
Skills
- Bachelor's Degree or the equivalent. Specialty accounting, business administration, criminal justice or international studies, or equivalent in-depth compliance administration or financial services industry experience with state and federal laws and regulations
- 1 or more years financial services operations, compliance and/or legal experience or equivalent
- 1 or more years experience with management report writing, copy editing, investigation report or narrative writing, analytical assessments, and/or other formal writing experience requiring clear, structured, and analytical communication
- Ability to deal with complex problems involving multiple facets and variables in non-standardized situations
- Ability to perform essential job duties effectively with minimal supervision and within a clear accountability framework
- Proficient utilizing personal computers and pertinent core systems and software packages
- Skilled in the use of all Microsoft applications (Word, Outlook, Excel, PowerPoint, Access etc.)
- Direct AML experience
- Understands or determined to be capable of quickly understanding the technical aspects of AML regulations
- Familiarity and full circle knowledge of standard banking products and services, including workflows
- Demonstrates knowledge of and/or direct experience with international business activities (i.e. trade finance, foreign exchange, correspondent banking, payments and personal/private banking) as well as compliance requirements associated with foreign jurisdictions
- Ability to think intuitively and strategically in order to mitigate AML risk
Benefits
- Medical plans with prescription drug coverage
- Flexible spending account or health savings account depending on the medical plan chosen
- Dental and vision insurance
- Life insurance
- 401(k) program with employer match and Employee Stock Purchase Plan
- Paid time off programs including holiday pay and paid volunteer time
- Disability insurance coverage and maternity and parental leave
- Adoption assistance
- Educational assistance
- A robust wellness program with financial incentives
Company Overview
Fulton Bank strive to have a better understanding of your financial goals, are a full-service commercial bank operating 250 branches. It was founded in 1882, and is headquartered in Lancaster, Pennsylvania, USA, with a workforce of 1001-5000 employees. Its website is https://www.fultonbank.com/.