BSA Analyst

Job Summary:
This role is responsible for BSA risk identification/prevention functions, and other functions as needed and assigned by management. The position is responsible for supporting the Bank's Bank Secrecy Act, Anti-Money Laundering, Countering the Financing of Terrorism and Office of Foreign Assets Control compliance programs.

• Accurately enter and update risk-related data into internal systems, databases, and spreadsheets while maintaining organized and up-to-date records and appropriate documentation, ensuring data integrity and completeness.
• Responsible for BSA/AML alert reviews, suspicious activity investigations, CTR/SAR filing and Enhanced Due Diligence reviews as needed.
• Responsible for account/transaction monitoring through the use of various reports and the Bank's AML/Fraud monitoring software.
• Analyze and research additional high-risk transactions and ad-hoc reports to identify/investigate possible cases of fraud and/or Money Laundering.
• Ensure that deadlines for regulatory related report submissions are met and that customer monitoring functions are completed timely.
• Escalate significant findings to management as appropriate.
• Work closely with business units to ensure compliance with applicable laws and mitigate risk to the Bank.
• Uphold the strict BSA related standards set forth by the Bank, as described in the Corporate BSA/AML Program.
• Adhere to the Bank's and BSA confidentiality policy, code of ethics and follow all policies and procedures relative to Consumer Compliance laws and regulations and best practice recommendations and to Needham Bank's Core Values (Focus on Customer Relationship, Embrace Change, Work as a Team, Be an Asset to Your Community, Always Learn, Do the Right Thing).
• Fosters a culture of teamwork, transparency and accountability within the Bank.
• Perform additional duties as requested, needed or assigned.

• Highly-motivated professional who can handle multiple, cross-functional tasks, adapt to change, and work well in a dynamic, fast-paced environment - independently and in a team.
• Knowledge of Bank Secrecy Act, Anti-Money Laundering, Office of Foreign Assets Control regulations and Bank Policies.
• Strong and effective written and oral communication skills and an ability to write reports and business correspondence.
• Able to recognize operational and system control gaps and recommend solutions to management.
• Have a strong working knowledge of Excel, Word, and Outlook, and be comfortable learning and using new software.
• Must be self-motivated, professional, detail oriented organized and able to effectively handle multiple assignments and changing priorities.

• 1-3 years of similar or related experience and/or training; or equivalent combination of education and experience preferred.
• Bachelor's degree in criminal justice, Forensic Accounting, or another related field. A combination of education and experience will be considered.
• Minimum education requirement:
  Bachelor's degree
• Experience in banking, risk, or audit considered a plus.

• The position includes a combination of normal business office (3 days) and remote working environments (2 days).

The pay range provided is based on what we believe is a reasonable estimate for the pay range for this job at the time of posting. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply.

Needham Bank offers a competitive salary and an amazing benefit package for a full-time employee which includes fully paid medical and dental insurance, HRA, 401(k) plan with an 8% bank match, paid time off (PTO), paid holidays, a bonus program, flexible spending accounts, vision service plan,…