Sr. AML/CFT Support Analyst

Beacon Bank•Pittsfield, MA

1d•Hybrid

About The Position

Beacon Bank & Trust’s Financial Intelligence Unit (FIU) supports law enforcement efforts to combat financial crimes, including money laundering and terrorist financing. As a member of the FIU AML/CFT Team, the incumbent supports anti-money laundering and economic sanctions programs across the Company’s banking subsidiaries. The role investigates transaction-monitoring and watch-list alerts, researches higher-risk customers, prepares regulatory reports, responds to law enforcement requests, and performs other work supporting compliance with the Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) programs. The position is hybrid within Massachusetts, Connecticut, New York, Vermont, or Rhode Island and reports to the Deputy AML/CFT Officer.

Requirements

Associate degree or equivalent experience.
Certified Anti-Money Laundering Specialist (CAMS), Certified Global Sanctions Specialist (CGSS), or equivalent advanced certification.
At least 3 years of experience in BSA/AML at a financial institution or in a similar role.
Substantial knowledge of BSA/AML regulations and requirements, including CTRs, suspicious activity monitoring and reporting (SARs), customer due diligence (CDD), Know Your Customer (KYC) standards, and emerging financial-crime trends.
Strong knowledge of OFAC economic sanctions programs and regulations.
Substantial knowledge and understanding of financial-institution products, services, and transaction-processing channels.
Excellent analytical, research, and investigative skills.
Strong prioritization, time-management, and multitasking skills.
Ability to produce accurate, high-quality work with integrity under tight deadlines.
Ability to work independently and collaboratively in a team environment.
Strong computer skills, including Microsoft Office products.
Excellent written and verbal communication skills.

Responsibilities

Analyze and research monitoring-system alerts and department referrals involving complex customer behavior and transaction patterns that may indicate money laundering, terrorist financing, or other serious financial crimes.
Document research findings and conclusions in accordance with FIU AML Team standards.
Prepare and present investigative case summaries and reports to the Company’s SAR Committee as necessary.
Perform due diligence and, where applicable, enhanced due diligence on complex new and existing customers and relationships.
Research complex, multi-layered relationships to assess money-laundering risks and customer suitability under account-opening and customer-retention standards.
Maintain the accuracy and integrity of FIU systems data, including customer risk factors and questionnaire information.
Prepare and file SARs as determined by the SAR Committee, following FIU and FinCEN standards.
Apply monitoring and follow-up measures for 90-day continuing-activity filings.
Review, edit, and file accurate CTRs within mandated regulatory time frames.
Review and resolve system-generated alerts involving customers, counterparties, transactions, and other activity for compliance with OFAC sanctions regulations and Section 311 of the USA PATRIOT Act.
Review and research named parties included in Section 314(a) law enforcement requests.
Meet production goals and deliver high-quality work within required deadlines and FIU and regulatory standards.
Provide business-line partners with support and guidance on BSA and other applicable financial-crimes matters.
Collaborate with FIU colleagues in support of strategic objectives and applicable regulations.
Escalate issues requiring the attention of FIU AML managers, the Deputy AML/CFT Officer, or the AML/CFT Officer.
Perform ancillary duties as directed by FIU AML managers, the Deputy AML/CFT Officer, or the AML/CFT Officer.
Incorporate management feedback to improve productivity and work quality.
Maintain and apply knowledge of emerging financial-crime trends.
Preserve the integrity of the Company’s anti-money-laundering and economic-sanctions policies, procedures, systems, and controls.