Assistant BSA Officer
Reading Co-Operative•Reading, MA
•$79,000 - $83,000
About The Position
Reading Cooperative Bank is seeking an Assistant BSA Officer to help lead and execute its BSA/AML/CFT compliance program. Reporting to the VP, BSA & Vendor Management, this role owns complex investigations, leads AML program initiatives, oversees monitoring system functionality, and advises teams across the Bank. The position requires independent judgment in evaluating suspicious activity, recommending resolutions, and ensuring compliance with BSA, AML, CFT, and OFAC requirements.
Requirements
- Bachelor's degree required; equivalent combinations of education and experience will be considered.
- At least 5 years of progressive experience in BSA/AML, financial crimes compliance, or a related field.
- Advanced knowledge of BSA, AML/CFT, OFAC, and related regulatory requirements.
- Demonstrated ownership, sound decision-making, and ability to influence outcomes in a highly regulated environment.
- Leadership presence and ability to guide and support employees at all levels.
- Exceptional investigative, analytical, and problem-solving skills.
Responsibilities
- Lead complex AML investigations and high-risk customer reviews, making risk-based decisions and recommendations.
- Identify, escalate, and resolve suspicious activity in a timely manner, including preparing and filing SARs.
- Administer, optimize, and enhance the Bank's Verafin monitoring system.
- Provide BSA/AML guidance, training, and support to business lines across the organization.
- Coordinate regulatory examinations, audits, and law enforcement requests, ensuring accurate and timely responses.
- Partner with frontline teams to strengthen CDD, KYC, and EDD practices.
- Identify opportunities to strengthen processes, improve controls, and enhance the effectiveness of the Bank's AML/CFT program.
Benefits
- Choice of medical plans with HRA or HSA options
- Dental coverage
- Vision coverage
- Flexible spending accounts (FSA)
- Disability insurance
- 401(k) retirement plan
- Employee Assistance Program (EAP)
- Generous paid time off
- Interest-free emergency loan program up to $2,000, subject to program guidelines
- Tuition assistance for full-time and part-time employees
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
Upload and Match Resume
What This Job Offers
Job Type
Full-time
Career Level
Senior
