AML/CFT Compliance Analyst

Northern Bank; Woburn (MA); On-site; USD 65,000 - 75,000; Full time

Job summary

Northern Bank in Woburn, Massachusetts is seeking an AML/CFT Compliance Analyst to perform quality control testing and review financial crimes reporting. The role involves monitoring anti-money laundering practices and assisting with audits.

The ideal candidate will have a Bachelor’s Degree, experience in AML/CFT compliance, and strong analytical skills. Competence in Microsoft Office and a detail-oriented mindset are also essential.

Qualifications

• Minimum 2-3 years of experience in AML/CFT compliance.
• CAMS or CFE certification (or willingness to obtain certification) is highly desired.
• Strong analytical skills and detail-oriented.

Responsibilities

• Perform quality control testing of anti-money laundering and fraud alert reviews.
• Examine reports from the Financial Crimes Department regarding suspicious activity.
• Review and submit accurate filing of currency transaction reports.

Skills

Analytical skills

Decision-making skills

Organizational skills

AML transaction monitoring software

Microsoft Office Suite

Education

Bachelor’s Degree

Job description

SUMMARY/OBJECTIVE

The AML/CFT Compliance Analyst is responsible for performing quality control (QC) of the bank’s first line of defense, and review reporting under the Bank Secrecy Act and bank’s sanctions compliance program. The analyst will work with the AML/CFT Compliance Manager to monitor the functioning of the bank’s anti‑money laundering (AML) and countering the financing of terrorism (CFT) program. The AML/CFT Compliance Department (second line of defense) provides a credible review and challenge for the Bank’s first line Financial Crimes Program, while providing guidance to bank departments on inquiries relating to AML/CFT and sanctions compliance.

ESSENTIAL FUNCTIONS

• Perform quality control testing of first line of defense anti money laundering and fraud alert reviews.
• Examine reports from the Financial Crimes Department regarding suspicious activity.
• Review and submit accurate filing of the Bank’s currency transaction reports (CTRs).
• Engage in reviews regarding compliance with FinCEN 314(a) and 314(b) programs.
• Assist with the gathering of information for external audits and regulatory examinations and accurately compile required information.
• Keep abreast of developments in related regulations and regulatory agency guidelines; consider any necessary enhancements to the bank's practices.

JOB QUALIFICATIONS

• Bachelor’s Degree; CAMS, CFE certification (or willingness to obtain certification) is highly desired.
• Minimum 2-3 years of experience in AML/CFT compliance
• In depth knowledge of the anti-money laundering, countering financing of terrorism and sanctions compliance; strong analytical and decision-making skills; organizational skills; AML transaction monitoring software
• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint)
• Self-starter with initiative and intellectual curiosity, ability to work independently and detail-oriented.

The base salary range for the AML/CFT Compliance Analyst is $65,000-$75,000 per year.

Equal Housing Lender.