BSA Risk Analyst

1 month ago

Wellesley, Massachusetts, United States Needham Bank Full time
Job Summary

This role is responsible for identifying and preventing BSA/AML risks, as well as other functions as assigned by management.

Key Responsibilities:

  • Review and investigate BSA/AML alerts, and file CTR/SAR reports as needed.
  • Monitor accounts and transactions using various reports and AML/Fraud software.
  • Analyze high-risk transactions and reports to identify potential cases of fraud and money laundering.
  • Ensure timely completion of regulatory reports and customer monitoring functions.
  • Provide guidance and support to business and operations teams on BSA/AML regulations and requirements.
  • Assist management in regulatory exams and uphold BSA-related standards.
  • Adhere to the Bank's confidentiality policy, code of ethics, and Consumer Compliance laws and regulations.
  • Foster a culture of teamwork, transparency, and accountability within the Bank.

Requirements:

  • Knowledge of Bank Secrecy Act, Anti-Money Laundering, and Office of Foreign Assets Control regulations.
  • Ability to read, analyze, and interpret Federal and State Banking Regulations.
  • Strong written and oral communication skills, with the ability to write reports and business correspondence.
  • Able to recognize operational and system control gaps and recommend solutions.
  • Proficient in Excel, Word, and Outlook, with a willingness to learn new software.
  • Self-motivated, professional, detail-oriented, organized, and able to handle multiple assignments and changing priorities.

Education and Experience:

  • 1-3 years of similar or related experience, or equivalent combination of education and experience.
  • Bachelor's Degree in Criminal Justice, Forensic Accounting, or related field.
  • Professional certification such as CAMS preferred.

Working Conditions:

  • The position may include a combination of normal business office and remote working environments.

Needham Bank offers a competitive salary and an amazing benefit package, including fully paid medical and dental insurance, HRA, 401(k) plan with an 8% bank match, paid time off, paid holidays, a bonus program, flexible spending accounts, vision service plan, group term life insurance, short and long term disability insurance, tuition reimbursement, and an Employee Assistance Program.

At NB, we are dedicated to building a diverse, inclusive, and authentic workplace. If you are excited about this role, but your past experience doesn't align perfectly with every qualification, we still encourage you to apply.

Needham Bank is an Equal Opportunity/Affirmative Action Employer, providing all applicants and employees with equal opportunity for employment and promotion regardless of race, color, religion, gender, national origin or ancestry, age, disability, veteran status, military service, sexual orientation, genetic information, or gender identity.

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