Assistant BSA Officer

Reading Co-Operative; Reading (MA); On-site; USD 79,000 - 83,000; Full time

Benefits offered by this job

Medical plans (HRA/HSA)

Dental coverage

Vision coverage

FSAs

Disability insurance

Employee Assistance Program

Paid time off

Emergency loan program

Tuition assistance

Job summary

Reading Cooperative Bank in Reading, MA is seeking an Assistant BSA Officer to lead the BSA/AML/CFT compliance program. You will own complex investigations, oversee monitoring systems, and advise across the bank on regulatory requirements.

You will report to the VP, BSA & Vendor Management, and collaborate with frontline teams to strengthen CDD, KYC and EDD practices while coordinating examinations and requests from regulators.

Qualifications

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

Responsibilities

• Lead complex AML investigations and high-risk customer reviews.
• Drive identification, escalation and resolution of suspicious activity, including SAR filings.
• Provide leadership in Verafin system administration and optimization.
• Serve as BSA/AML subject matter expert for business lines and training.
• Coordinate regulatory examinations, audits, and law-enforcement requests.
• Partner with frontline teams on CDD, KYC and EDD improvements.

Skills

Analytical skills

Investigative ability

Regulatory knowledge

Education

Bachelor's degree

Tools

Verafin monitoring system

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Assistant BSA Officer

Reading, MA, US

2 days ago Requisition ID: 1301

Salary Range: $79,000.00 To $83,000.00 Annually

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.