BSA Analyst

The BSA Analyst position assists the VP Compliance/BSA Officer in maintaining compliance with all applicable banking laws, regulations, rulings as well as bank policies and procedures as it relates to Bank Secrecy Act, Anti-Money Laundering, US Patriot Act and OFAC. This position will assist the VP Compliance/BSA Officer in supporting a culture of compliance across the enterprise through periodic monitoring and testing of the compliance program.

Essential Duties and Responsibilities:

• Assist with developing, implementing and administering all aspects of the Bank’s Bank Secrecy Act/Anti-Money Laundering Program
• Review and monitor customer transactions for suspicious activity.
• Responsible for daily alert and case management using the BSA/AML software to ensure timely review and acknowledgement.
• Conduct customer due diligence and enhanced due diligence customer reviews including the monthly high-risk customer reviews, CTR exemptions, Private ATM Owners, Beneficial Ownership, etc.
• Prepare and file Currency Transaction and Suspicious Activity Reports according to regulatory requirements.
• Assist the BSA Officer with investigations as needed.
• Assist with quality control reviews and regular monitoring of compliance across all lines of business to all regulatory requirements of BSA, OFAC, U.S. Patriot Act and Customer Identification Program.
• Assist with the meeting preparation for the SAR and Compliance Committees.
• Assist the bank staff with compliance and BSA support.
• Assist in compiling documents for related exams, audits and reviews.
• Comply with all applicable state and federal laws and guidance related to Compliance and BSA responsibilities.
• Provide on-going support to the compliance team on projects, risk assessments, compliance reviews, etc.
• Identify areas for process improvement and notify the Compliance/BSA Officer with suggestions.
• Increase and maintain the expected level of consumer compliance knowledge, as well as selected other laws and regulations as assigned.
• Exercise initiative and judgment in researching, analyzing and problem solving.
• Comply with all applicable laws, regulations and company policies as stated in Bank’s Code of Conduct.
• Complete required training including regulatory, systems and others as required by the supervisor based on job duties within the requested time periods.
• Perform any other related duties as required or assigned.

Job Qualifications:

• A college degree, preferably a bachelor’s degree or equivalent experience.
• One to three years’ experience testing and monitoring for compliance to federal and state regulations for financial institutions and compliance bank functions.
• Experience working with Verafin helpful.
• Compliance and/or auditing experience with the Bank Secrecy Act preferred.
• Thorough understanding of consumer compliance regulations applicable to financial institutions.
• Must be detail oriented, computer literate; possess strong organizational and interpersonal skills, as well as verbal and written communication skills.
• Ability to interact within all levels of the Bank.
• Must possess a good work ethic and attention to detail.
• Must be a team player. Employee must be able to relate to other people beyond giving and receiving instructions:
  
  1. can get along with co-workers or peers without exhibiting behavioral extremes;
  2. perform work activities requiring negotiating, instructing, supervising, persuading or speaking with others; and
  3. respond appropriately to criticism from a supervisor.
• Ability to effectively communicate information and respond to questions in person and small group situations with customers, vendors, and employees of the organization.

Physical Demands/Conditions:

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.

General Office environment. Light to moderate lifting of files and/or boxes when necessary.

These functions are subject to change and will be updated when necessary.

If you possess the required qualifications and would like to be part of our team, please apply online or mail to:

Haverhill Bank
Human Resources
180 Merrimack Street, P.O. Box 1656
Haverhill, MA 01831-2356