Wealth Management Compliance/BSA Officer

A great company begins with a great team! Mid Penn Bank is actively seeking a Wealth Management Compliance/BSA Officer.

We believe that our ongoing success depends upon a skilled, satisfied, and valued work force. As a member of our team, you can expect opportunities to develop your skills to help you excel in your role and achieve your professional career goals. We offer a comprehensive range of flexible benefits to support your personal and financial well-being. Our inclusive culture encourages all employees to share ideas, collaborate, and contribute to the values that make us a winning team for our customers, shareholders, and communities. We are committed to diversity, equity, and inclusion.  People from underrepresented communities, Veterans, individuals with disabilities, and bilingual candidates are strongly encouraged to apply. 

Position Overview

The Wealth Management Compliance/BSA Officer is responsible for ensuring appropriate policies, procedures, and controls are in place to manage compliance risks associated with activities performed by the organization’s Trust, Wealth Management, and Risk Services divisions.  This individual will establish and conduct monitoring procedures to ensure that activities comply with government regulations and that all activities are performed in compliance with all provisions of the Bank Secrecy Act (BSA) and all other applicable federal, state, and local regulations related to Anti-Money Laundering (AML) as applicable.   

Essential Duties and Responsibilities:

• Establishes and conducts ongoing monitoring procedures to ensure compliance with various regulations and evaluates the adequacy and effectiveness of internal controls and internal policies, procedures, processes, and systems utilized to manage compliance risk.
• Ensures reporting and documentation requirements are met including CIP, SARs, CTRs, etc. Provides training as necessary to applicable employees.
• Conducts surveillance and monitoring of advisory activities for compliance with firm and industry requirements.
• Reviews and approves advertising and marketing material, email or other correspondence, social media profiles, and related communications. Maintains records and ensures compliance with all internal procedures and applicable industry regulations.
• Reviews, updates, and maintains the firm’s Code of Ethics and certification process and conducts surveillance reviews of the trading activities of the firm’s personnel subject to the code.
• Assists with conducting and documenting the firm’s annual review and internal audits.
• Performs licensing and registration functions and related WebCRD and/or IARD submissions.
• Assists with all aspects of the maintenance of Form ADV and other regulatory reports, documents and filings as needed.
• Identifies and recommends necessary changes to business unit procedures to address compliance gaps or improve adherence to regulatory and firm requirements.
• Works with operational staff to ensure common understanding of regulatory requirements.
• Analyzes new regulatory rule proposals; identifies those potentially impacting assigned divisions and implements necessary changes.
• Works with Federal and State compliance examiners; takes/recommends action to correct deficiencies.

Education & Qualifications

• A B.S. or B.A. degree in a Business-related field, or equivalent work experience.
• A minimum of five years of experience in the financial services industry required, preferably focused on trust, retail brokerage, RIA, broker-dealer, and/or insurance.  
• A minimum of three to five (3-5) years of compliance experience with a registered investment advisor, SEC registered investment advisor experience, or experience supervising Investment Advisor activities strongly preferred.
• Professional certifications related to compliance and/or BSA/AML such as CRCM, CAMS, etc. preferred.  
• Understanding and working knowledge of Federal Securities Laws including the Investment Advisors Act, Securities Exchange Act and applicable Investment Advisor rules and regulations.
• The ideal candidate will have experience or knowledge of:
  • The implementation and supervision of rules and regulations, with an emphasis on SEC registered investment advisors.
  • Reg 9, or 12cfr9, which is the reg applicable to Trusts
  • Multi-layer structures, ownership, governance, corporate documents, certificates, etc.

Skill(s)

Proficient reading, writing, grammar, and mathematics skills; proficient interpersonal relations, communicative, and presentation skills; proficient customer service orientation and ability to work with all levels of staff; strong organizational, analytical, and problem solving skills; basic knowledge of regulatory requirements related to financial services at the state and federal level; ability to proficiently use current technology and software applications related to the position; ability to analyze and interpret basic to moderately complex sets of data; ability to sit, stand, walk, bend, stoop, reach with hands or arms, use hands to manipulate objects, handle or feel, and lift items weighing 20 lbs. or less; visual, auditory and speaking skills; valid driver’s license is required.

Equipment/Machines

• Telephone
• PC/Computer keyboard
• Printer
• Copy machine
• Fax machine
• Calculator

Mid Penn Bank offers rewarding career opportunities, competitive wages, great incentives, and benefits.  

 Qualified applicants are considered without regard to race, color, age, sex, sexual orientation, gender identity, religion, national origin, genetic information, pregnancy, disability, or protected veteran status. We also comply with all applicable laws governing employment practices and do not discriminate on the basis of any unlawful criteria.  

 Equal Opportunity Employer–Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity