AVP, BSA Risk Analyst

The posted salary range reflects Eastern’s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.

The cornerstone of a strong BSA/AML (Bank Secrecy Act/Anti-money laundering) compliance program is the adoption and implementation of comprehensive risk policies, procedures, and processes for all areas of the bank for BSA related risk, particularly those that present a higher risk for money laundering and terrorist financing. The objective is to be able to ensure the proper controls are in place and working effectively to mitigate these risks.

Reports to VP, BSA Risk Manager.

• Analyzes and evaluates compliance risks and recommends changes to policies, procedures, processes to reasonably ensure risk-based and appropriate controls are implemented and maintained, Recommends new and/or updates policy and procedures related to BSA, AML, OFAC and the USA PATRIOT Act Bank wide.
• Responsible for the monitoring, analyzing, and identifying risk and controls, and escalating issues and concerns, related to BSA, AML, and OFAC (Office of Foreign Asset Control) and the USA Patriot Act components of the Banks’s BSA Program while utilizing sound and current compliance industry’s standards and practices.
• Develop, document, and execute sound methodology to identify and assess BSA related risks that may affect the BSA/AML program by carrying out assessments, second line testing for high-risk services or entities, enterprise-wide department visits, and internal control testing within the BSA area.
• Develop, maintain, and execute annual schedule for the above.
• Provides on-going support to the department manager; and acts independently in the daily pursuit and conduct and decisioning for the above functions.
• In support of the department manager and business units, participate or lead new initiative BSA assessment in Archer when applicable.
• Responsible for decisioning of new initiatives within Archer as to whether BSA assessment required.
• Maintain and contribute to monthly BSA metrics.
• Keep abreast of current BSA industry news and regulations and prepare monthly update to BSA management.

• Significant knowledge of principles of BSA related regulations and Eastern Bank BSA and anti-money laundering policy and procedures.
• In addition, this position will provide informational support to Business Line team members and the internal departments and recognize when situations warrant the attention of the BSA Risk Manager or Bank Secrecy Officer.
• Must possess 5+ years of specialized experience in BSA compliance with 3 years’ experience in BSA risk monitoring.
• Interpersonal Relationships – Ability to work with a variety of individuals and groups in a constructive and collaborative manner.
• Ability to manage and/or track multiple assessments in a risk-based manner.
• Strong written and verbal communications skills as well as good organizational skills.
• Metavante, BIC (Business Intelligence Center) report, and Archer GRC experience.
• Must have the ability to maintain accuracy when under pressure and tight time constraints and must continually be detailed-oriented.
• Remote work flexibility
• Growth opportunities
• Strong culture
• Work life balance

At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us.

We are proud to offer comprehensive compensation plans and a benefits program called Total Rewards that includes medical, dental, vision, life and disability insurance, retirement, vacation and tuition reimbursement.

Eastern Bank is an equal opportunity employer. All job applicants will be considered for employment without regard to race, color, religious creed, national origin, sex, sexual orientation, gender identity, genetic information, military service, age, ancestry, or disability.

At Eastern Bank, we are dedicated to building a diverse, equitable, inclusive and authentic workplace. If you’re excited about this role but your experience doesn’t fully align with every qualification, we still encourage you to apply! You may be just the right candidate for this position or others across the company. Our Recruitment team is waiting to chat with YOU.