Sr. BSA Fraud Analyst

River Run Services•Haverhill, MA

About The Position

River Run is a shared services organization supporting Newburyport Bank, Pentucket Bank, and Rollstone Bank & Trust. The Senior BSA Fraud Analyst helps ensure regulatory compliance and protect the Bank and its customers from financial crimes. The role monitors, investigates, and reports suspicious activity related to fraud, money laundering, and other financial crimes, supporting the Bank’s Anti-Money Laundering and Countering the Funding of Terrorists (AML/CFT) and Fraud Prevention programs. The analyst independently reviews transaction data and alerts, conducts case investigations, researches customer activity, prepares regulatory reports, and collaborates with internal departments. The position also requires maintaining well-supported investigative documentation, keeping current with regulatory requirements and Bank policies, and recommending improvements to processes and procedures. River Run Services, LLC is an Equal Opportunity Employer. Applicants requiring a reasonable accommodation to complete the application process may contact Human Resources at [email protected] or 978-462-3136. The stated salary range is an estimate based on market data; final compensation decisions consider experience, skills, and internal equity.

Requirements

High school diploma or equivalent.
3–4 years of experience in AML/CFT or fraud detection within a financial environment.
Strong 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.

Nice To Haves

AML/CFT professional certification preferred.

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 preparation of Currency Transaction Reports (CTRs).
Conduct new customer and enhanced due diligence (EDD) reviews in accordance with the institution’s AML/CFT policy.
Keep current on regulatory changes and industry trends related to financial crimes and compliance.
Use independent professional judgment to document notes, research, analysis, and decisions that support conclusions under regulatory guidelines and team standards.
Stay current on Bank products, services, procedures, policies, and regulatory and compliance requirements by attending team meetings and completing required training, and apply that knowledge 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 as applicable.
Identify opportunities to improve the effectiveness or efficiency of policies, procedures, or processes and make appropriate recommendations to the BSA Fraud Team Lead or BSA Officer.