BSA Analyst
About The Position
Cornerstone Bank was established in 2017, built on a legacy of community support and a commitment to helping individuals and businesses thrive. With deep roots in Worcester County and a strong presence throughout Central Massachusetts, Cornerstone combines the strength of a traditional bank with the personalized service of a local institution. Our community-based banking model allows us to deliver exceptional service with a personal touch—every time. At Cornerstone Bank, we foster a collaborative and inclusive workplace where innovation, teamwork, accountability, and excellence are more than just values—they’re how we work every day. We empower our employees to grow professionally, serve their communities, and deliver outstanding customer experiences. At Cornerstone Bank, we’re committed to supporting our customers, colleagues, and communities—and our Compliance team plays a critical role in that mission. We’re looking for a detail-oriented Bank Secrecy Act (BSA) Analyst to join our team and help protect the bank through strong anti-money laundering and customer due diligence practices. In this role, you’ll support key aspects of our Bank Secrecy Act (BSA) and Customer Due Diligence (CDD) programs, including monitoring alerts, conducting customer due diligence reviews, and assisting with regulatory reporting and audits. You’ll partner across the organization as a resource on fraud, compliance, and risk-related matters, while gaining valuable experience in a collaborative and fast-paced environment. This is a great opportunity for someone early in their career who is highly organized, analytical, and interested in building a future in banking compliance.
Requirements
- Able to use various office equipment including computer terminal; ability to utilize applicable software
- Working knowledge of various word processing and spreadsheet applications and strong knowledge of existing consumer protection regulations
- Must possess a strong attention to detail and organizational skills
- Strong verbal and written communication skills
- Strong organizational skills
- Attention to detail with high degree of accuracy
- Ability to read and comprehend governmental regulations and other instruction manuals
- Ability to work independently and keep supervisor appropriately informed of issues and possess the ability to work in a team environment
Responsibilities
- Assists the BSA Department with audits and exams (prepares documentation, gathers request items, etc).
- Reviews and investigates monthly alerts for CDD/EDD discrepancies and new high-risk customers.
- Performs ongoing enhanced due diligence (EDD) reviews on high-risk customer types.
- Monitors receipt of customer due diligence (CDD) Questionnaires for all new business entities.
- Prepares and submits CTRs daily.
- Reviews Watchlist alerts for OFAC, PEP, and Special Measures daily.
- Tracks the receipt and reviews accuracy of Certification of Beneficial Ownership forms.
- Assists with managing BSA procedures.
- Acts as a resource for employees bank-wide on BSA, fraud, and customer due diligence matters.
- Attend or complete required training as provided.
- Other related duties assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
