Senior BSA Analyst

Job not on LinkedIn

October 29

Apply Now

Receive Emails with Similar Jobs

Leader Bank

WebsiteLinkedInAll Job Openings

Banking • Finance

Leader Bank is a Massachusetts-based community bank with a national reach that offers personal, small business, and commercial banking products and lending solutions. It provides checking and savings accounts, high-yield CDs, mortgages and home-equity lending, commercial and SBA loans, cash management and deposit services (including ZDeposit), and insurance through Leader Insurance. The bank emphasizes personalized, community-focused service, digital banking features, and tailored solutions for homeowners, businesses, landlords, and real estate professionals.

201 - 500 employees

Founded 2002

🏦 Banking

💸 Finance

📋 Description

• Assist the BSA Manager and Bank Secrecy Officer in implementing and administering all aspects of the Bank Secrecy Act Compliance Program including establishing operating procedures, training staff, and monitoring all BSA related activities. • Perform assigned quality control reviews and monitoring of the Bank Secrecy Act, USA Patriot Act, Anti-Money laundering, OFAC, and Customer Identification program compliance using industry standard and regulatory guidelines. • Document and maintain the Bank’s compliance efforts daily, and maintain current knowledge of all rules, regulations, and laws as they apply to BSA, OFAC, USA Patriot Act, CIP, and AML. • Participate in job-specific training and other Bank training program requirements, comply with all federal and state laws and regulations, and all established bank policies and procedures. • Monitor customer transactions and account activities to identify patterns or anomalies that may indicate suspicious behavior. • Use advanced software and tools to analyze large volumes of data and flag transactions that require further investigation. • Perform thorough investigations on individuals and organizations to assess the risk of potential money laundering activities. • Gather and analyze information from various sources, such as public records and internal databases. • Prepare and file Suspicious Activity Reports (SARs) with the appropriate regulatory authorities. • Provide detailed information about the suspicious activities and help law enforcement agencies combat financial crimes. • Ensure that Leader Bank adheres to AML regulations and guidelines. • Stay updated on the latest regulatory requirements and implement necessary measures to maintain compliance. • Perform more complex investigations and play a crucial role in the development and implementation of AML policies and procedures. • Mentor and provide guidance to Analysts, ensuring the overall effectiveness of the AML program within the organization.

🎯 Requirements

• A four-year college degree in Criminal Justice, Business, Finance, or a related field. • Equivalent banking experience may be substituted for the degree requirement. • Two-years prior banking experience is required. • Three-years prior experience within a financial institution in the BSA department is preferred. • Experience working with Nasdaq Verafin a plus. • Strong analytical skills to review and analyze complex financial data and identify suspicious patterns or activities. • Critical thinking to interpret information effectively. • Strong attention to detail and advanced investigative skills to spot irregularities or inconsistencies in data that may indicate potential money laundering activities. • Comprehensive understanding of AML regulations and guidelines issued by regulatory authorities. • Effective communication skills to collaborate with colleagues, present findings, document investigation reports, and communicate complex concepts clearly and concisely. • Proficiency in using AML software solutions and data analysis tools.

🏖️ Benefits

• health insurance coverage • employee wellness program • life and disability insurance • retirement savings plan • paid holidays • paid time off • vacation