Senior BSA/AML Compliance Leader

Needham Bank; Wellesley (MA); Hybrid; USD 150,000 - 200,000; Full time

Benefits offered by this job

Medical and dental insurance

HRA

401(k) with bank match

PTO

Paid holidays

Bonus program

FSAs

Vision plan

Life insurance

Disability coverage

Tuition reimbursement

Employee Assistance Program

Job summary

Needham Bank is seeking a senior BSA Officer to lead the development, implementation, and continuous enhancement of the BSA/AML and OFAC compliance program. The role reports to the Chief Risk Officer and partners with executive management to ensure regulatory alignment.

You will guide onboarding, monitoring, SAR/CTR processes, and due diligence programs, while mentoring a compliance team and coordinating with law enforcement and regulators as needed. This is a hybrid role based in Massachusetts.

Qualifications

• Bachelor's degree or equivalent plus specialized coursework and training.
• Minimum of 10+ years demonstrated BSA/AML compliance experience in financial services.
• Certified Anti-Money Laundering Specialist (CAMS) designation preferred.

Responsibilities

• Develop and maintain Needham Bank's BSA/AML/OFAC program and risk assessments in line with regulation.
• Ensure compliance with BSA/AML/USA Patriot Act, FinCEN, OFAC and related guidance.
• Oversee onboarding and monitoring, SARs and CTR filings.
• Build partnerships with management and stakeholders to support BSA/AML program objectives.
• Provide strategic direction on current and emerging financial crime risks.
• Oversee vendor, customer and partner risk related to BSA/AML controls.
• Establish KYC/CIP and enhanced due diligence processes.
• Conduct ongoing training on BSA/AML compliance responsibilities.
• Maintain knowledge of regulations and adapt program accordingly.

Skills

BSA/AML knowledge

Leadership

Stakeholder collaboration

Communication skills

Analytical skills

Change management

Bank operations knowledge

Regulatory reading

Education

Bachelor's Degree

CAMS preferred

Job description

Needham Bank is seeking a senior BSA Officer to lead the development, implementation, and continuous enhancement of the BSA/AML and OFAC compliance program. The role reports to the Chief Risk Officer and partners with executive management to ensure regulatory alignment.

You will guide onboarding, monitoring, SAR/CTR processes, and due diligence programs, while mentoring a compliance team and coordinating with law enforcement and regulators as needed. This is a hybrid role based in Massachusetts.