BSA Fraud Analyst

River Run Services•Haverhill, MA

About The Position

River Run is a shared services organization that supports banking affiliates Newburyport Bank, Pentucket Bank, and Rollstone Bank & Trust. The BSA Fraud Analyst helps ensure regulatory compliance and protect the Bank and its customers from financial crimes. The role monitors, investigates, and reports suspicious activities related to fraud, money laundering, and other financial crimes, supporting Anti-Money Laundering and Countering the Funding of Terrorists (AML/CFT) and fraud prevention programs. The analyst independently analyzes transaction data, reviews alerts, and conducts case investigations in accordance with applicable regulations and internal policies. The role also supports regulatory reporting, customer due diligence, collaboration across internal departments, and ongoing compliance with federal and state laws, regulations, and Bank policies.

Requirements

High school diploma or equivalent.
2–3 years of experience in AML/CFT or fraud detection within a financial environment.
Basic knowledge of BSA/AML laws and regulations, including the USA PATRIOT Act, Office of Foreign Assets Control (OFAC), the AML Act, and Financial Crimes Enforcement Network (FinCEN) guidelines.
Strong analytical and problem-solving skills.
Strong attention to detail.
Proficiency with transaction monitoring systems and office applications, including word processing, spreadsheets, and presentation software.
Ability to work independently and manage multiple priorities within strict deadlines.

Responsibilities

Monitor customer transactions for suspicious activity using AML software and fraud detection tools.
Research and analyze alerts and cases to determine whether activity is legitimate or may require a Suspicious Activity Report (SAR).
Collaborate with internal departments to resolve fraud cases and conduct investigations.
Administer the preparation of Currency Transaction Reports (CTRs).
Conduct new customer and enhanced due diligence (EDD) reviews in accordance with the institution’s AML/CFT policy.
Stay current on regulatory changes and industry trends related to financial crimes and compliance.
Keep current on Bank products, services, procedures, policies, and regulatory and compliance requirements by attending team meetings and completing mandatory training on schedule.
Apply knowledge of Bank policies and applicable requirements to ensure accuracy and compliance in daily operations.
Help ensure adherence to federal and state laws, regulations, and Bank policies by preventing violations, minimizing risks, and safeguarding the Bank’s interests.
Verify transactions and account balances for compliance with Bank policies, state and federal regulations, and the Bank Secrecy Act (BSA), as applicable to the role.