BSA/AML Analyst

Hingham Institution for Savings•Hingham, MA

51d

About The Position

The Compliance Group is responsible for the Bank's consumer compliance program, BSA/AML compliance program, and the Bank's Quality Control program, which conducts detailed deposit account review and loan level review of all of the Bank's lending activities. The BSA/AML Analyst is a key subject matter expert on the Compliance team, playing a pivotal role in building and executing the Bank's Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) Compliance Program. This position is central to our compliance function and offers significant exposure to the creation and strategic direction of our BSA/AML framework. You will apply deep analytical skills and technological expertise to enhance the program's core functions. Operating with substantial autonomy, you will report directly to the VP, BSA Officer. Your core duties will focus on the technical execution of regulatory reporting, complex transaction monitoring, and in-depth customer risk assessment. This role is designed for a professional who seeks not just to perform tasks, but to understand and mitigate risk at a fundamental level by leveraging data and advanced compliance tools. The ideal candidate will have demonstrated the ability to independently manage complex investigations.

Requirements

Bachelor's degree or similar years of experience in financial compliance or a related field.
Strong analytical skills with the ability to collect, organize and disseminate significant amounts of information with attention to detail and accuracy.
This individual will have strong writing skills and the ability to communicate findings, both in written form and in presentations. A writing sample may be required.
Ability to manage multiple tasks simultaneously and appropriately prioritize based on potential exposure to regulatory and financial risk.
Strong technical skills - familiarity with Google GSuite preferred, but not required. Experience with Verafin preferred.
Ability to work autonomously and independently.

Nice To Haves

Certified Anti-Money Laundering Specialist (CAMS) certification also a plus

Responsibilities

Transaction Monitoring & Sanctions Screening: Triage, research and resolve system generated alerts related to suspicious activity. Work with business units to research and document cases of suspicious activity and escalate for Suspicious Activity Reporting as appropriate. Research and resolve alerts related to government sanctions programs, including OFAC and other watchlist screenings.
Customer Due Diligence (CDD) and Risk Profiling: Prepare comprehensive risk assessments for potential new customers. These reviews can cover a wide range of business types, geographic locations and may involve complex risk factors. Escalate decisioning on high-risk customers to BSA Officer and senior management.
Enhanced Due Diligence (EDD): Conduct and create in-depth EDD reports for high risk customers. These reviews require the ability to understand complex customer types, identify associated risk, perform thorough analysis of account activity and the ability to synthesize all of this into a succinct but thorough review. Escalate and make recommendations for risk management/mitigation on high-risk customers to the BSA Officer and senior management.
Process Improvement & Technology: Ability to take initiative to identify enhancements to BSA processes and build these enhancements in conjunction with BSA Officer and other teams in the Bank, as appropriate. Utilize technology to enhance efficiency in areas such as false positive reduction, dynamic risk assessment, and automated data aggregation. Provide feedback to technology partners to refine and improve the performance and accuracy of compliance models and tools.
Regulatory Reporting: Oversee and own the Bank's automated Currency Transaction Reporting (CTR) program. Recommend when to file or not file Suspicious Activity Reports (SARs) and provide support in SAR filing, including writing high-quality, detailed narratives that clearly articulate the suspicious activity.
Audit & Examinations: Independently prepare and organize materials requested by auditors and regulators, ensuring all documentation is clear, concise, and defensible.
Training & Development: Contribute to the development and delivery of BSA/AML training for all bank employees.

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