Senior BSA Analyst - Leader Bank

Leader Bank is looking for exceptionally dedicated team members to join one of the region’s fastest-growing community banks and mortgage lenders. At the time of its founding in 2002, Leader Bank had one branch office, $6.5 million in assets and 7 team members. Since then, the Bank has become one of the most successful banks in Massachusetts with $4.5 billion in assets, more than 400 team members, 7 branch offices, and annual mortgage originations of over $2 billion.

Exemplary products and an innovative spirit have driven Leader Bank’s rapid growth over the years, and our team members embrace these values. Our mission is to obsess over our clients, make them feel valued, and maintain long-term relationships with them by constantly enhancing our products and processes to always be improving our client experience. For our team members, Leader Bank prioritizes competitive compensation and benefits, a healthy work-life balance, and an environment that fosters diversity and inclusion.

Summary

The Senior BSA Analyst assists the BSA Manager and Bank Secrecy Officer in implementing and administering all aspects of the Bank Secrecy Act Compliance Program including establishing operating procedures, training staff, and monitoring all BSA related activities. They will perform assigned quality control reviews and monitoring of the Bank Secrecy Act, USA Patriot Act, Anti-Money laundering, OFAC, and Customer Identification program compliance using industry standard and regulatory guidelines.

The Senior SBA Analyst will also document and maintain the Bank’s compliance efforts daily, and maintain current knowledge of all rules, regulations, and laws as they apply to BSA, OFAC, USA Patriot Act, CIP, and AML. They will participate in job-specific training and other Bank training program requirements, comply with all federal and state laws and regulations, and all established bank policies and procedures.

Responsibilities

• Monitor customer transactions and account activities to identify patterns or anomalies that may indicate suspicious behavior.
• Use advanced software and tools to analyze large volumes of data and flag transactions that require further investigation.
• Perform thorough investigations on individuals and organizations to assess the risk of potential money laundering activities.
• Gather and analyze information from various sources, such as public records and internal databases.
• Prepare and file Suspicious Activity Reports (SARs) with the appropriate regulatory authorities.
• Provide detailed information about the suspicious activities and help law enforcement agencies combat financial crimes.
• Ensure that Leader Bank adheres to AML regulations and guidelines.
• Stay updated on the latest regulatory requirements and implement necessary measures to maintain compliance.
• Perform more complex investigations and play a crucial role in the development and implementation of AML policies and procedures.
• Mentor and provide guidance to Analysts, ensuring the overall effectiveness of the AML program within the organization.
• Other duties may be assigned.

Qualifications

• A four-year college degree in Criminal Justice, Business, Finance, or a related field. Equivalent banking experience may be substituted for the degree requirement.
• Two-years prior banking experience is required.
• Three-years prior experience within a financial institution in the BSA department is preferred.
• Experience working with Nasdaq Verafin a plus.
• Strong analytical skills to review and analyze complex financial data and identify suspicious patterns or activities.
• Critical thinking to interpret information effectively.
• Strong attention to detail and advanced investigative skills to spot irregularities or inconsistencies in data that may indicate potential money laundering activities.
• Comprehensive understanding of AML regulations and guidelines issued by regulatory authorities.
• Effective communication skills to collaborate with colleagues, present findings, document investigation reports, and communicate complex concepts clearly and concisely.
• Proficiency in using AML software solutions and data analysis tools.

Leader Bank offers an excellent compensation and benefits package including 401k plan with corporate match, medical and dental insurance, and the opportunity to work for a fast growing, local organization.

Leader Bank, N.A. is an Equal Opportunity and Affirmative Action employer and does not discriminate on the basis of race, color, religion, age, gender, marital status, sexual orientation, national origin, disability, military status, veteran status, or any other protected class.