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.

ESSENTIAL DUTIES & RESPONSIBILITIES

• 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.

JOB REQUIREMENTS

EDUCATION & EXPERIENCE

WORKING CONDITIONS/PHYSICAL DEMANDS

• 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, group term life insurance, short- and long-term disability insurance, tuition reimbursement, and an Employee Assistance Program. We offer a great benefit package to our eligible part-time employees as well.

At NB, we are dedicated to building a diverse, inclusive and authentic workplace - if you are excited about this role, but your past experience doesn't align perfectly with every qualification in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles.

Needham Bank is an Equal Opportunity/Affirmative Action Employer. Needham Bank will provide all applicants for employment and all employees with equal opportunity for employment and promotion regardless of race, color, religion, gender, national origin or ancestry, age, disability, veteran status, military service, sexual orientation, genetic information, or gender identity.