Sr. BSA Fraud Analyst
About The Position
River Run is a shared services organization supporting the banking affiliates Newburyport Bank, Pentucket Bank, and Rollstone Bank & Trust. The Senior BSA Fraud Analyst helps ensure regulatory compliance and protects the Bank and its customers from financial crimes. The role monitors, investigates, and reports suspicious activity involving fraud, money laundering, and other financial crimes, supporting the Bank’s AML/CFT and Fraud Prevention programs. The analyst independently reviews transaction data, alerts, and cases in accordance with applicable regulations and internal policies. The position also supports customer due diligence, regulatory reporting, cross-functional investigations, and the maintenance of well-documented research and decisions. The role promotes compliance with federal and state requirements and identifies opportunities to improve team policies, procedures, and processes.
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 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.
- Use independent professional judgment to document notes, research, analysis, and decisions in accordance with team standards and regulatory guidelines.
- Stay current on Bank products, services, procedures, policies, and applicable regulatory and compliance requirements through team meetings and required training, applying 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 to the role.
- Identify opportunities to improve the effectiveness or efficiency of policies, procedures, and processes, and make appropriate recommendations to the BSA Fraud Team Lead or BSA Officer.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
High school or GED
