Sr. BSA Fraud Analyst

River Run Services, LLC; Haverhill (MA); On-site; USD 70,000 - 110,000; Full time

Job summary

River Run Services, LLC is seeking a Senior BSA Fraud Analyst to ensure regulatory compliance and protection of the Bank and its customers from financial crimes. You will monitor, investigate, and report suspicious activities related to fraud, money laundering, and other financial crimes, and independently analyze transaction data, alerts, and case investigations in support of AML/CFT programs.

You will collaborate with internal departments, prepare CTRs, conduct EDD reviews, stay updated on

Qualifications

• High school diploma or equivalent.
• 3-4 years of experience in AML/CFT or fraud detection within a financial environment.
• Strong knowledge of BSA/AML laws and regulations, including the USA PATRIOT ACT, OFAC, the AML ACT, and FinCEN guidelines.
• AML/CFT Professional Certification preferred.
• Strong analytical and problem-solving skills.
• Strong attention to detail.
• Proficient with transaction monitoring systems, and office applications including word processing, spreadsheets, and presentation software.
• Ability to work independently and manage multiple priorities within strict deadlines.

Responsibilities

• Monitors customer transactions for suspicious activity using AML software and fraud detection tools.
• Conducts thorough research and analysis on alerts and cases to determine legitimacy of activity or the potential for a SAR when necessary.
• Collaborates with internal departments to resolve fraud cases and conduct investigations.
• Administers the preparation of CTRs.
• Conducts new customer and enhanced due diligence reviews in accordance with AML policy.
• Keeps abreast of regulatory changes and industry trends related to financial crimes and compliance.
• Uses independent and professional judgment to develop and maintain notes, research, analysis, and decisions in accordance with team standards.
• Stays current on Bank products, services, procedures, policies, and applicable regulatory requirements by attending meetings, completing training, and applying knowledge to ensure accuracy and compliance.
• Ensures adherence to federal and state laws, regulations, and bank policies by preventing violations, minimizing risks, and safeguarding the Bank’s interests.
• Verifies transactions and account balances, ensuring compliance with bank policies and regulations.
• Identify opportunities to improve policies, procedures, and processes and make recommendations to the BSA Fraud Team Lead or BSA Officer.

Education

High school diploma or equivalent

AML/CFT experience

BSA/AML knowledge

Analytical skills

Attention to detail

Time management

Transaction monitoring systems

MS Office (Word/Excel/PowerPoint)

AML/CFT Certification (preferred)

Tools

AML software

Fraud detection tools

Job description

Description

River Run is a shared services organization that supports banking affiliates, Newburyport Bank, Pentucket Bank and Rollstone Bank & Trust.

The Senior BSA Fraud Analyst ensures regulatory compliance and protection of the Bank and its customers from financial crimes. Monitors, investigates, and reports suspicious activities related to fraud, money laundering, and other financial crimes. Independently analyzes transaction data, reviews alerts, and conducts case investigations in accordance with applicable regulations and internal policies to support Anti-Money Laundering and Countering the Funding of Terrorists (AML/CFT) and Fraud Prevention programs.

• Monitors customer transactions for suspicious activity using AML software and fraud detection tools.
• Conducts thorough research and analysis on alerts and cases to determine legitimacy of activity or the potential for a Suspicious Activity Report (SAR) when necessary.
• Collaborates with internal departments to resolve fraud cases and conduct investigations.
• Administers the preparation of Currency Transaction Reports (CTRs).
• Conducts new customer and enhanced due diligence (EDD) reviews in accordance with the institution’s AML/CFT policy.
• Keeps abreast of regulatory changes and industry trends related to financial crimes and compliance.
• Uses independent and professional judgment to develop and maintain notes, research, analysis, and decisions in accordance with the team’s standards to sufficiently support conclusions according to regulatory guidelines.
• Actively stays current on all Bank products, services, procedures, policies, and applicable regulatory and compliance requirements by regularly attending team meetings, completing mandatory training on schedule, and applying knowledge to ensure accuracy and compliance in daily operations.
• Ensures adherence to federal and state laws, regulations, and bank policies by preventing violations, minimizing risks, and safeguarding the Bank’s interests.
• Verifies transactions and account balances, ensuring compliance with bank policies and state and federal regulations and the Bank Secrecy Act (BSA), as applicable to the role.
• Identify opportunities to improve the effectiveness and/or efficiency of policies, procedures, and/or processes and take the appropriate recommendations to the BSA Fraud Team Lead or BSA Officer.

Requirements

• High school diploma or equivalent.
• 3-4 years of experience in AML/CFT or fraud detection within a financial environment.
• Strong knowledge of BSA/AML laws and regulations, including the USA PATRIOT ACT, Office of Foreign Assets Control (OFAC), the AML ACT, and Financial Crimes Enforcement Network (FinCEN) guidelines.
• AML/CFT Professional Certification preferred.
• Strong analytical and problem-solving skills.
• Strong attention to detail.
• Proficient with transaction monitoring systems, and office applications including word processing, spreadsheets, and presentation software.
• Ability to work independently and manage multiple priorities within strict deadlines.

River Run Services, LLC is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, gender, sexual orientation, marital status, religion, age, disability, gender identity, results of genetic testing or service in the military.

If you are an individual with a disability and require a reasonable accommodation to complete the application process, you may contact Human Resources at [e-mail] or call 978-462-3136.

The salary range represents an estimate based on market data for this position. Final compensation decisions are made based on experience, skills, and internal equity to ensure fairness and consistency across our organization.