AML and OFAC Governance Associate

Our values define us and our culture inspires us to change lives for the better. Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our local communities. We champion a culture of continuous learning, work-life integration, and inclusion. We promote a digitally enabled work environment to continuously enhance the experience of our employees and customers.

This is a full-time career opportunity that can be hybrid within the Fulton Bank footprint as follows: DC, DE, MD, NJ, PA, VA.

This position will provide support to the bank's BSA Department, in developing, implementing and maintaining BSA, AML and OFAC Compliance Program requirements. The incumbent in the position is 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. The position includes responsibility for understanding AML regulatory compliance and reputational risk, particularly with respect to risk arising out of non-compliance with extensive and complex regulations.

Conducts job tasks in compliance with operating procedures and standards for the BSA, AML & OFAC Compliance Programs.
• Supports 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.
• Remains current on industry best practices, laws, regulations, and risk management disciplines to enhance the BSA, AML & OFAC Compliance Programs. Applies knowledge of regulatory guidelines and industry best practices in making recommendations to mitigate risk.
• Supports 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.
• Participates 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.
• Supports the preparation of internal audits and regulatory examinations.
• Supports 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.

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. (Required)

1 or more years financial services operations, compliance and/or legal experience or equivalent. Direct AML experience preferred. (Required)

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. (Required)

Knowledge, Skills and Abilities

• Understands or determined to be capable of quickly understanding the technical aspects of AML regulations. (Preferred)
• Familiarity and full circle knowledge of standard banking products and services, including workflows. (Preferred)
• 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. (Preferred)
• Ability to think intuitively and strategically in order to mitigate AML risk. (Preferred)
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations. (Required)
• Ability to perform essential job duties effectively with minimal supervision and within a clear accountability framework. (Required)
• Proficient utilizing personal computers and pertinent core systems and software packages. (Required)
• Skilled in the use of all Microsoft applications (Word, Outlook, Excel, PowerPoint, Access etc.). (Required)

Additional Job Duties:

• React to rising risk exposure by recommending appropriate controls and creating a culture of continuous process improvement.
• Establish and maintain good working relationships with internal audit and regulatory agencies.
• Exercise a high-level of accuracy, initiative, and confidentiality while performing tasks in order to contribute to the success of the department and the organization.

This role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates. This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management.

To provide greater transparency to candidates, we share base salary ranges on all job postings regardless of state. We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry. Specific compensation offered will be determined based on a combination of factors including the candidate's knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location. The salary range for this position is $51,600.00 - $86,000.00 annually. Additional Compensation Components This job is eligible to participate in a short-term incentive compensation plan subject to individual and company performance.

Additionally, as part of our Total Rewards program, Fulton Bank offers a comprehensive benefits package to those who qualify. This includes 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 and a robust wellness program with financial incentives. To learn more about your potential eligibility for these programs, please visit Benefits & Wellness | Fulton Bank.

As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.