Job Description

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community? Provident is a successful and highly regarded multi-billion dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York. Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do. At Provident Bank, we are committed to enhancing our customer and employees’ experience.

POSITION SUMMARY 

Analyze customer account activity in order to mitigate anti-money laundering risk. Detect and report unusual or suspicious activity to the BSA-AML Investigations Manager and/or designee. Prepare BSA/AML investigation reviews and maintain records with appropriate audit trails to be used as support during internal and external audits and regulatory examinations.

Perform special compliance reviews relating to anti-money laundering, such as file reviews of high-risk customers.

KEY RESPONSIBILITIES:

• Manage cases of potentially suspicious activity from the BSA/AML monitoring system. Including analysis of transaction activity and balances for review by the BSA/AML Officer.

• Make determination of SAR reportable activity and ensure accurate & timely SAR filing.

• Perform ongoing monitoring, as required, of all high-risk accounts in accordance with the established monitoring schedule.

• Use of third-party software in conjunction with account monitoring and investigation.
   

MINIMUM QUALIFICATIONS:

• Three to five years banking and/or BSA/AML related experience and/or training.

• Bachelor’s degree in such fields as accounting, marketing, business administration, etc.Excellent written and oral communications skills combined with a demonstrated ability to clearly understand, translate and articulate projects, objectives, goals, schedules and assignments across various personnel and management levels.

• Ability to work effectively with Bank staff at all levels.

• Knowledge of laws applicable to money laundering, to include the BSA, The USA Patriot Act, U.S. Treasury AML guidelines, OFAC requirements and Suspicious Activity Reporting requirements.

• Ability to work independently and as part of a team.

• Superior organizational and analytical skills. Strong time management skills.

• Must be highly flexible, multi-task oriented, and capable of changing directions based on immediate business demands.

LICENSES AND/OR CERTIFICATES

ACAMs preferred.

WORKING CONDITIONS:

Work is performed in a normal office environment. Noise levels are usually moderate. This position involves travel to customers and property locations.

• Prolonged sitting
• Lifting from 5 to 10 lbs. (printer paper, storage boxes)
• Occasional bending or overhead lifting (storing files or boxes)
• The hazards are mainly those present in a normal office setting

This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.

Pay Details:

$58,900 - $84,200 annually

Please note, the base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs. 

This role is incentive eligible based upon company, business, and/or individual goal achievement and performance.

Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank’s Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan. In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance. Company sponsored Tuition Disbursement and Loan Repayment programs are also available. Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.

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