BSA Analyst

Summary:

The BSA Analyst position assists the VP Compliance/BSA Officer in maintaining compliance with all applicable banking laws, regulations, rulings as well as bank policies and procedures as it relates to Bank Secrecy Act, Anti-Money Laundering, US Patriot Act and OFAC. This position will assist the VP Compliance/BSA Officer in supporting a culture of compliance across the enterprise through periodic monitoring and testing of the compliance program.

Essential Duties and Responsibilities:

• Assist with developing, implementing and administering all aspects of the Bank’s Bank Secrecy Act/Anti-Money Laundering Program
• Review and monitor customer transactions for suspicious activity.
• Responsible for daily alert and case management using the BSA/AML software to ensure timely review and acknowledgement.
• Conduct customer due diligence and enhanced due diligence customer reviews including the monthly high-risk customer reviews, CTR exemptions, Private ATM Owners, Beneficial Ownership, etc.
• Prepare and file Currency Transaction and Suspicious Activity Reports according to regulatory requirements.
• Assist the BSA Officer with investigations as needed.
• Assist with quality control reviews and regular monitoring of compliance across all lines of business to all regulatory requirements of BSA, OFAC, U.S. Patriot Act and Customer Identification Program
• Assist with the meeting preparation for the SAR and Compliance Committees
• Assist the bank staff with compliance and BSA support.
• Assist in compiling documents for related exams, audits and reviews.
• Comply with all applicable state and federal laws and guidance related to Compliance and BSA responsibilities.
• Provide on-going support to the compliance team on projects, risk assessments, compliance reviews, etc.
• Identify areas for process improvement and notify the Compliance/BSA Officer with suggestions.
• Increase and maintain the expected level of consumer compliance knowledge, as well as selected other laws and regulations as assigned.
• Exercise initiative and judgment in researching, analyzing and problem solving.
• Comply with all applicable laws, regulations and company policies as stated in Bank’s Code of Conduct
• Complete required training including regulatory, systems and others as required by the supervisor based on job duties within the requested time periods.
• Perform any other related duties as required or assigned.

Job Qualifications:

• A college degree, preferably a bachelor’s degree or equivalent experience.
• One to three years’ experience testing and monitoring for compliance to federal and state regulations for financial institutions and compliance bank functions.
• Experience working with Verafin helpful.
• Compliance and/or auditing experience with the Bank Secrecy Act preferred.
• Thorough understanding of consumer compliance regulations applicable to financial institutions.
• Must be detail oriented, computer literate; possess strong organizational and interpersonal skills, as well as verbal and written communication skills.
• Ability to interact within all levels of the Bank.
• Must possess a good work ethic and attention to detail.
• Must be a team player. Employee must be able to relate to other people beyond giving and receiving instructions: (a) can get along with co-workers or peers without exhibiting behavioral extremes; (b) perform work activities requiring negotiating, instructing, supervising, persuading or speaking with others; and (c) respond appropriately to criticism from a supervisor.
• Ability to effectively communicate information and respond to questions in person and small group situations with customers, vendors, and employees of the organization.

Job Type: Full-time

Pay: $60,000.00 - $65,000.00 per year

Ability to Commute:

• Haverhill, MA 01830 (Preferred)

Ability to Relocate:

• Haverhill, MA 01830: Relocate before starting work (Preferred)

Work Location: In person

Salary : $60,000 - $65,000