Lead AML/CFT Analyst

NESB•South Easton, MA

3d•$69,154 - $96,000•Hybrid

About The Position

Under the direction of the AML/CFT Officer and Chief Risk Officer, the Lead AML/CFT Analyst supports compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT) and Office of Foreign Assets Control (OFAC) regulations. The Lead AML/CFT Analyst oversees the daily operations of the Bank’s AML/CFT program, ensuring compliance with regulatory expectations and managing a team of analysts. This includes supervision of all marijuana-related business compliance under FinCEN guidance, managing system configurations (e.g., Verafin, Shield), and serving as the primary liaison between compliance operations, the AML/CFT Officer and senior management.

Requirements

Bachelor’s degree required; CAMS or equivalent certification strongly preferred.
5–7+ years of progressive experience in AML/CFT or financial crimes compliance with at least 3-5 years in a supervisory role.
Deep knowledge of FinCEN’s guidance and BSA reporting requirements for marijuana-related businesses.
Subject matter expert in BSA, USA Patriot Act, OFAC, and related compliance laws.
Strong leadership and organizational skills.
Ability to manage competing priorities and maintain regulatory standards under pressure.
Exceptional analytical and problem-solving skills with the ability to handle sensitive and complex cases.
Proficiency in using AML/CFT detection software, data analysis tools, and Microsoft Office Suite.
Excellent communication and interpersonal skills to engage with customers, staff, and external stakeholders.

Responsibilities

Ensures prompt identification and investigation of unusual or suspicious activity across customer accounts and product lines.
Independently reviews and investigates escalated alerts and complex cases identified through AML/CFT monitoring systems.
Supervises and provides technical guidance and support to AML/CFT Analysts including but not limited to conducting performance reviews, supporting career development, assigning cases and ensuring the completion of work in accordance with performance standards.
Assists the AML/CFT Officer with oversight of AML/CFT monitoring systems, including testing, rule tuning, system agent parameter management and upgrades.
Drafts detailed investigative narratives, prepare, recommend, and submit Suspicious Activity Reports (SAR) filings ensuring timely and accurate filing.
Reviews SARs completed by AML/CFT Analyst prior to final review by the AML/CFT Officer, ensuring timely and accurate filing.
Evaluates Cannabis Related Business (CRB) business documentation, licenses, ownership structures, and maintain compliance with Bank policy and procedures, FinCEN guidance, and state regulatory programs.
Performs ongoing monitoring and periodic Enhanced Due Diligence (EDD) reviews of high risk accounts to detect unusual trends, cash structuring, or deviations from expected business activity.
Maintains and updates customer risk rating criteria and ensure accurate application in AML/CFT monitoring systems.
Completes Enhanced Due Diligence (EDD) reviews for high-risk relationships and assist the AML/CFT Officer with oversight of the program, ensuring timely and accurate EDD reviews by AML/CFT Senior Analysts.
Coordinates with the AML/CFT Officer and senior management to provide risk reports, metrics, and summaries of CRB related activity.
Liaises with state regulators, auditors, and law enforcement as necessary.
Maintains and enforces compliance with 314(a) and 314(b) and data privacy laws.
Identifies, recommends, and implements improvements to the Bank’s AML/CFT program and CRB oversight processes.
Stays current on internal policies, regulatory updates, and AML/CFT typologies and OFAC regulations through training.
Fosters a culture of accountability, continuous learning, and innovation across the financial crimes team.