BSA Analyst

Needham Bank; Needham (MA); Híbrido; USD 60.000 - 90.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Medical insurance

Dental insurance

HRA

401(k) with match

PTO

Paid holidays

Bonus program

Flexible spending accounts

Vision plan

Life insurance

Short/Long-term disability insurance

Tuition reimbursement

Employee Assistance Program

Descripción de la vacante

Needham Bank is seeking a dedicated BSA/AML Risk Analyst to support the Bank Secrecy Act, Anti-Money Laundering, and OFAC programs. You will perform data entry, alert reviews, investigations, and monitoring, ensuring timely regulatory reporting while collaborating with multiple business units.

Ideal candidates have 1–3 years in banking/risk/audit, strong Excel/communication skills, and a bachelor’s degree in a related field.

Formación

• 1–3 years of similar or related experience preferred.
• Bachelor's degree in criminal justice, forensic accounting, or related field; combination considered.
• Banking, risk, or audit experience is a plus.
• Strong written and verbal communication skills.
• Proficient with Excel, Word, and Outlook; comfortable with new software.

Responsabilidades

• Enter and update risk data in internal systems with accuracy and completeness.
• Perform BSA/AML alert reviews, investigations, CTR/SAR filing, and due diligence.
• Monitor accounts/transactions using AML/fraud software and various reports.
• Research high‑risk transactions and ad-hoc reports to identify possible fraud or money laundering.
• Ensure regulatory report deadlines are met and customer monitoring is timely.
• Escalate significant findings to management as appropriate.
• Collaborate with business units to ensure compliance with laws and mitigate risk.
• Uphold BSA standards and adhere to confidentiality and ethics policies.
• Support the Bank’s core values and participate in additional duties as needed.

Conocimientos

BSA/AML knowledge

Regulatory compliance

Data entry accuracy

Excel

Written and oral communication

Team collaboration

Educación

Bachelor's degree in criminal justice/Forensic Accounting/related field

Minimum education: Bachelor's degree

Herramientas

AML monitoring software

Internal systems/databases

Descripción del empleo

Job Summary: This role is responsible for BSA risk identification/prevention functions, and other functions as needed and assigned by management. The position is responsible for supporting the Bank’s Bank Secrecy Act, Anti-Money Laundering, Countering the Financing of Terrorism and Office of Foreign Assets Control compliance programs.

Essential Duties & Responsibilities

• Accurately enter and update risk-related data into internal systems, databases, and spreadsheets while maintaining organized and up-to-date records and appropriate documentation, ensuring data integrity and completeness.
• Responsible for BSA/AML alert reviews, suspicious activity investigations, CTR/SAR filing and Enhanced Due Diligence reviews as needed.
• Responsible for account/transaction monitoring through the use of various reports and the Bank’s AML/Fraud monitoring software.
• Analyze and research additional high-risk transactions and ad-hoc reports to identify/investigate possible cases of fraud and/or Money Laundering.
• Ensure that deadlines for regulatory related report submissions are met and that customer monitoring functions are completed timely.
• Escalate significant findings to management as appropriate.
• Work closely with business units to ensure compliance with applicable laws and mitigate risk to the Bank.
• Uphold the strict BSA related standards set forth by the Bank, as described in the Corporate BSA/AML Program.
• Adhere to the Bank’s and BSA confidentiality policy, code of ethics and follow all policies and procedures relative to Consumer Compliance laws and regulations and best practice recommendations and to Needham Bank's Core Values (Focus on Customer Relationship, Embrace Change, Work as a Team, Be an Asset to Your Community, Always Learn, Do the Right Thing).
• Fosters a culture of teamwork, transparency and accountability within the Bank.
• Perform additional duties as requested, needed or assigned.

Job Requirements

• Highly-motivated professional who can handle multiple, cross-functional tasks, adapt to change, and work well in a dynamic, fast-paced environment – independently and in a team.
• Knowledge of Bank Secrecy Act, Anti-Money Laundering, Office of Foreign Assets Control regulations and Bank Policies.
• Strong and effective written and oral communication skills and an ability to write reports and business correspondence.
• Able to recognize operational and system control gaps and recommend solutions to management.
• Have a strong working knowledge of Excel, Word, and Outlook, and be comfortable learning and using new software.
• Must be self-motivated, professional, detail oriented organized and able to effectively handle multiple assignments and changing priorities.

Education & Experience

• 1-3 years of similar or related experience and/or training; or equivalent combination of education and experience preferred.
• Bachelor's degree in criminal justice, Forensic Accounting, or another related field. A combination of education and experience will be considered.
• Minimum education requirement: Bachelor's degree
• Experience in banking, risk, or audit considered a plus.

WORKING CONDITIONS/PHYSICAL DEMANDS

• The position includes a combination of normal business office (3 days) and remote working environments (2 days).

The pay range provided is based on what we believe is a reasonable estimate for the pay range for this job at the time of posting. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply.

Needham Bank offers a competitive salary and an amazing benefit package for a full-time employee which includes fully paid medical and dental insurance, HRA, 401(k) plan with an 8% bank match, paid time off (PTO), paid holidays, a bonus program, flexible spending accounts, vision service plan, group term life insurance, short- and long-term disability insurance, tuition reimbursement, and an Employee Assistance Program. We offer a great benefit package to our eligible part-time employees as well.

At NB, we are dedicated to building a diverse, inclusive and authentic workplace - if you are excited about this role, but your past experience doesn’t align perfectly with every qualification in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles.

Needham Bank is an Equal Opportunity/Affirmative Action Employer. Needham Bank will provide all applicants for employment and all employees with equal opportunity for employment and promotion regardless of race, color, religion, gender, national origin or ancestry, age, disability, veteran status, military service, sexual orientation, genetic information, or gender identity.