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BSA Analyst

Needham Bank
dental insurance, life insurance, paid time off, paid holidays, long term disability, tuition reimbursement, 401(k)
United States, Massachusetts, Wellesley
458 Washington Street (Show on map)
June 09, 2024
BSA Analyst



  • Job Tracking ID : 512272-878887

  • Job Location :

  • Job Level : Mid Career

  • Level of Education : BA/BS

  • Job Type : Full-Time/Regular

  • Date Updated : 05/08/2024

  • Years of Experience : 2 - 5 Years

  • Starting Date : Invalid Date

  • Salary : $0

Job Description

This role is responsible for BSA risk identification/prevention functions, and other functions as needed and assigned by management.

ESSENTIAL DUTIES & RESPONSIBILITIES



  • Responsible for BSA/AML alert reviews, suspicious activity investigations, CTR/SAR filing and Enhanced Due Diligence reviews as needed.
  • Responsible for account/transaction monitoring through the use of various reports and the Bank's AML/Fraud monitoring software.
  • Analyze and research additional high-risk transactions and ad-hoc reports to identify/investigate possible cases of fraud and/or Money Laundering.
  • Ensure that deadlines for regulatory related report submissions are met and that that customer monitoring functions are completed timely.
  • Provides guidance and expert support to the various business and operations lines, as well as on-going training related to Fraud and BSA, to assist the Bank in understanding BSA/Compliance and Fraud regulations and requirements.
  • Assist management in regulatory exams.
  • Uphold the strict BSA related standards set forth by the Bank, as described in the Corporate BSA/AML Program.
  • Adhere to the Bank's and BSA confidentiality policy, code of ethics and follow all policies and procedures relative to Consumer Compliance laws and regulations and best practice recommendations.
  • Fosters a culture of teamwork, transparency and accountability within the Bank.
  • Perform additional duties as requested, needed or assigned.

Experience and Skills

JOB REQUIREMENTS



  • Knowledge of Bank Secrecy Act, Anti-Money Laundering, Office of Foreign Assets Control regulations and Bank Policies.
  • Ability to read, analyze, and interpret Federal and State Banking Regulations; specifically, Reg CC, Reg E and the Bank Secrecy Act.
  • Strong and effective written and oral communication skills and an ability to write reports and business correspondence.
  • Able to recognize operational and system control gaps and recommend solutions to management.
  • Have a strong working knowledge of Excel, Word, and Outlook, and be comfortable learning and using new software.
  • Must be self-motivated, professional, detail oriented organized and able to effectively handle multiple assignments and changing priorities.
  • Ability to adhere to Needham Bank's Core Values (Focus on Customer Relationship, Embrace Change, Work as a Team, Be an Asset to Your Community, Always Learn, Do the Right Thing).


EDUCATION & EXPERIENCE



  • 1-3 years of similar or related experience and/or training; or equivalent combination of education and experience preferred.
  • Bachelor's Degree in Criminal Justice, Forensic Accounting, or other related field. A combination of education and experience will be considered.
  • Professional certification such as CAMS (Certified Anti-Money Laundering Specialist) preferred.


WORKING CONDITIONS/PHYSICAL DEMANDS



  • 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 for a full-time employee which includes fully paid medical and dental insurance, HRA, 401(k) plan with an 8% bank match, paid time off (PTO), 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. We offer a great benefit package to our eligible part-time employees as well.

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 in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles.

Needham Bank is an Equal Opportunity/Affirmative Action Employer. Needham Bank will provide all applicants for employment and all 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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