AML/CFT Due Diligence & Risk Analyst

Socket.dev; Boston (MA); On-site; USD 52,000 - 90,000; Full time

Job summary

Beacon Bank and Trust is seeking an AML/CFT professional to join the FIU team in the BSA/Fraud area. You will perform and support due diligence, enhanced reviews, and SAR-related activities to safeguard customers and the bank.

The ideal candidate has 3+ years in BSA/AML, CAMS preferred, strong analytical skills, and the ability to work independently or with teammates in a regulated environment.

Qualifications

• Sound knowledge of BSA/AML regulations, CDD, KYC, EDD and SARs.
• CAMS or equivalent certification preferred.
• Understanding of banking products, services and transaction channels.

Responsibilities

• Perform due diligence and enhanced due diligence on new and existing customers.
• Investigate higher risk customers and assess suitability.
• Conduct periodic reviews for designated higher risk accounts.
• Maintain monitoring system data and documentation per FIU standards.
• Prepare case summaries and escalation materials for SAR Committee.
• Provide guidance to business lines on BSA/AML matters.
• Collaborate with FIU team to meet regulatory requirements.

Skills

Due diligence research

KYC/CDD

EDR/EDD practices

SAR reporting

Analytical skills

Time management

Independent work

Communication skills

Education

Associates degree or equivalent experience

Job description

Beacon Bank and Trust is seeking an AML/CFT professional to join the FIU team in the BSA/Fraud area. You will perform and support due diligence, enhanced reviews, and SAR-related activities to safeguard customers and the bank.

The ideal candidate has 3+ years in BSA/AML, CAMS preferred, strong analytical skills, and the ability to work independently or with teammates in a regulated environment.