Assistant BSA Officer

Reading Cooperative Bank; Reading (MA); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Medical plans

Dental coverage

Vision coverage

FSA

Disability insurance

EAP

Paid time off

Emergency loan program

Tuition assistance

Job summary

Reading Cooperative Bank is seeking an Assistant BSA Officer to lead AML investigations and help drive compliance programs across the bank. Reporting to the VP, BSA & Vendor Management, you will own complex investigations, oversee monitoring and SAR filings, and partner with teams to strengthen CDD/KYC/EDD practices.

Ideal candidates bring a minimum of five years in BSA/AML and a Bachelor's degree, with strong analytical and regulatory knowledge.

Qualifications

• Bachelor's degree required.
• Minimum of 5 years of progressive experience in BSA/AML or a related field.
• Equivalent combinations of education and experience will be considered.

Responsibilities

• Lead complex AML investigations and high-risk reviews with risk-based decisions.
• Oversee SAR preparation and filings and coordinate regulatory responses.
• Provide SME guidance, training, and support across the bank.
• Coordinate regulatory exams, audits, and law enforcement requests.
• Enhance customer due diligence, KYC, and enhanced due diligence practices.

Skills

AML knowledge

Investigations

Regulatory compliance

Leadership

Education

Bachelor's degree

Tools

Verafin

Job description

At Reading Cooperative Bank, we are more than a financial institution—we are a mutual cooperative bank dedicated to strengthening Main Street and supporting the communities we proudly serve. Rooted in a tradition of trust, collaboration, and local impact, we work every day to empower individuals, families, and small businesses to thrive. If you are passionate about making a meaningful difference and building relationships that matter, we invite you to explore a career with us.

We are seeking an Assistant BSA Officer to play a critical role in the leadership and execution of our BSA/AML/CFT compliance program. Reporting to the VP, BSA & Vendor Management, you will own complex investigations, lead key AML program initiatives, oversee critical monitoring system functionality, and serve as a trusted advisor across the Bank. You will exercise independent judgment in evaluating suspicious activity, recommending resolutions, and ensuring the Bank's compliance with BSA, AML, CFT, and OFAC regulatory requirements.

What You'll Own

• Lead complex AML investigations and high-risk customer reviews, making risk-based decisions and recommendations.
• Drive the timely identification, escalation, and resolution of suspicious activity, including SAR preparation and filings.
• Provide leadership in the administration, optimization, and enhancement of the Bank's Verafin monitoring system.
• Serve as the BSA/AML subject matter expert for business lines, providing guidance, training, and support across the organization.
• Coordinate regulatory examinations, audits, and law enforcement requests, ensuring accurate and timely responses.
• Partner with frontline teams to strengthen customer due diligence (CDD), know-your-customer (KYC), and enhanced due diligence (EDD) practices.
• Identify opportunities to strengthen processes, improve controls, and enhance the overall effectiveness of the Bank's AML/CFT program.

What Makes You Successful

• Demonstrated ability to take ownership, make sound decisions, and influence outcomes in a highly regulated environment.
• Leadership presence with the ability to guide and support employees at all levels,
• Exceptional investigative, analytical, and problem-solving skills.
• Advanced knowledge of BSA, AML/CFT, OFAC, and related regulatory requirements.

Qualifications

• Bachelor's degree required.
• Minimum of 5 years of progressive experience in BSA/AML, financial crimes compliance, or a related field.
• Equivalent combinations of education and experience will be considered.

Why Join Us?

Join a team where your analysis drives decisions, your expertise is respected, and your work makes a difference. We offer a comprehensive and competitive benefits package designed to support the well‑being of our employees, including:

• Choice of medical plans with HRA or HSA options
• Dental and vision coverage
• Flexible spending accounts (FSA)
• Disability insurance

Additional benefits include:

• Employee Assistance Program (EAP)
• Generous paid time off
• Interest‑free emergency loan program (up to $2,000, subject to program guidelines)
• Tuition assistance (available to full‑time and part‑time employees)

Reading Cooperative Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

The pay range indicated is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, and performance. This range may be modified in the future.