Sr. AML/CFT Support Analyst

Beacon Bank•Pittsfield, MA

2d•$55,588 - $102,474•Hybrid

About The Position

Beacon Bank & Trust is a federally regulated financial institution whose Financial Intelligence Unit (FIU) supports law enforcement efforts to combat serious financial crimes, including money laundering and terrorist financing. As part of the FIU AML/CFT Team, the Sr. AML/CFT Support Analyst performs and supports anti-money laundering and economic sanctions work across the Company’s banking subsidiaries. The role investigates transaction-monitoring and watch-list alerts, conducts due diligence on higher-risk customers, prepares and submits Currency Transaction Reports (CTRs), responds to law enforcement information requests, and supports compliance with the Bank Secrecy Act (BSA) and economic sanctions programs administered by the Office of Foreign Assets Control (OFAC). The position is hybrid within Massachusetts, Connecticut, New York, Vermont, or Rhode Island, reports to the Deputy AML/CFT Officer, and is classified as exempt. The salary range is $55,588–$102,474; actual compensation depends on factors including skills, relevant experience, and work location.

Requirements

Associate degree or equivalent experience.
CAMS, CGSS, or equivalent advanced certification required.
At least 3 years of experience in BSA/AML or a similar role within a financial institution.
Substantial knowledge of BSA/AML regulations and requirements, including CTRs, suspicious-activity monitoring and reporting (SARs), CDD, 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.
Excellent prioritization, time-management, and multitasking skills.
Ability to produce work with exceptional quality and integrity within tight deadlines.
Ability to work independently and collaboratively within a team.
Strong computer skills, including proficiency with Microsoft Office products.
Excellent written and verbal communication skills.

Responsibilities

Analyze and research monitoring-system alerts and department referrals involving complex customer behaviors and transaction patterns indicative of money laundering, terrorist financing, and other serious financial crimes.
Prepare and maintain notes, findings, and documentation in accordance with FIU AML Team standards to support research conclusions.
Prepare and present investigative case summaries and reports to the Company’s SAR Committee as necessary.
Conduct 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.
Update and maintain the integrity of essential FIU system data, including customer risk factors and questionnaire information.
Prepare and file SARs as determined by the SAR Committee, in accordance with FIU and FinCEN standards.
Apply monitoring and follow-up measures for 90-day continuing-activity filings.
Review, edit, and file complete and accurate CTRs within regulatory deadlines.
Review and resolve system-generated alerts involving customers, counterparties, transactions, and other activities for compliance with OFAC sanctions regulations and Section 311 of the USA PATRIOT Act.
Review and research named parties subject to Section 314(a) law-enforcement requests.
Meet production goals and produce 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 members to advance the unit’s strategic objectives and meet applicable regulations.
Escalate issues and situations requiring attention from 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 feedback from FIU AML managers, the Deputy AML/CFT Officer, and the AML/CFT Officer to improve productivity and work quality.
Maintain and apply knowledge of emerging financial-crime trends in daily work.
Preserve the integrity of the Company’s anti-money laundering and economic-sanctions policies, procedures, systems, and controls.