Job Title: Assistant BSA Compliance Officer

Location: Sewell, NJ

Parke Bank is a full-service commercial bank with the emphasis on providing personal and business financial services to individuals and small-sized businesses primarily in Gloucester, Atlantic and Cape May counties in New Jersey and Philadelphia and surrounding counties in Pennsylvania. Parke Bank commenced operations in January 1999. The principal office is located at 601 Delsea Drive, Sewell, NJ. We conduct business in branches located in Northfield, NJ, Galloway, NJ, Collingswood, NJ, two branches in Sewell, NJ as well as two branches in Philadelphia, PA.

Job Summary:

• Assists in coordinating the development, implementation, and administration of all aspects of the corporate-wide Bank Secrecy Act (BSA) Compliance Program.
• Manage the work product of a team of BSA professionals and monitors compliance with state and federal BSA, USA PATRIOT Act, Anti-Money Laundering (AML), fraud, and OFAC laws and regulation.
• Advises management on emerging compliance and risk issues, consults, and guides the Bank in the development of controls to mitigate risks.

Job Duties and Responsibilities:

• Assists in overseeing all aspects of the corporate-wide Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and OFAC compliance programs including customer due diligence (CDD) and enhanced due diligence (EDD) processes.
• Manages team tasks and provides guidance related to drafting case investigations and preparing Suspicious Activity Reports (SARs), Currency Transaction Reports (CTRs), and customer risk assessments.
• Assists in coordinating responses to regulatory BSA-AML examinations and audits and actions taken to ensure deficiencies are identified going forwarded and corrected.
• Makes recommendations to enhance process efficiencies to the bank’s BSA/OFAC Officer, as appropriate.
• Maintains proficient knowledge of applicable rules and regulations, including but not limited to, the Bank Secrecy Act, USA PATRIOT Act, OFAC and emerging compliance matters.
• Works with operations and business units to investigate customer transactions that are suspicious in nature and assists business units in implementing processes necessary to comply with bank policy and federal regulations.
• Performs regulatory research in response to BSA/AML department and business unit compliance inquiries, projects, and changes.
• Assists in preparing the Bank’s Annual BSA/AML Risk Assessment.
• Assists in the development and maintenance of BSA-related policies and procedures.
• Performs quality assurance checks on SARs and CTRs prior to submission.
• Oversees account monitoring, documentation, and tracking of high-risk customers and suspicious account activity.
• Other BSA/AML/OFAC Quality Assurance projects as assigned.
• In the performance of respective duties, must maintain knowledge of and ensure compliance with the Bank Secrecy Act and all other regulatory, security and bank policies.
• Other duties as assigned.

Education and Experience:
• Bachelor’s degree from an accredited university or commensurate experience
• Five years BSA/AML/OFAC compliance management, audit, and/or regulatory experience
• Must have FCRM experience.
• Deep understanding of the Bank Secrecy Act, OFAC and related regulations
• Previous management experience
• Strong regulatory research and analysis skills and experience working with automated account monitoring systems.
• Strong communication skills: must be able to write clear and concise reports and effectively communicate with staff and management.
• Experience in working with retail commercial and consumer banking products and services in the BSA/AML space.
• Professional certification such as the Certified Anti-Money Laundering Specialist (CAMS), Certified Financial Crime Specialist (CFCS), Certified Fraud Examiner (CFE), or other similar designation
• Ability to multitask time-sensitive projects.
• Ability to take ownership and demonstrate initiative to negotiate, influence, build consensus, set objectives, and drive results.

Performs all other duties as assigned by Management as related to the Bank and its functions.

We offer medical benefits, dental benefits, life insurance, 401K, paid vacation, personal and sick days.

Parke Bank is an Equal Opportunity Employer and participates in E-Verify.

To apply send resume to: humanresources@parkebank.com