Eastern Bank · 23 hours ago
AVP, BSA Risk Analyst I
Wakefield, MA
Full-time
Hybrid
Mid, Senior Level
$71K/yr - $116K/yr
5+ years expEastern Bank is dedicated to providing strong BSA/AML compliance through comprehensive risk policies and procedures. The AVP, BSA Risk Analyst I will analyze compliance risks, recommend policy changes, and support the BSA program by monitoring and assessing risks related to BSA, AML, and OFAC regulations.
BankingFinanceFinancial Services
Hiring Manager
Gorden Souza, SHRM-SCP, PRC, CDR
Responsibilities
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
Qualification
Required
Significant knowledge of principles of BSA related regulations and Eastern Bank BSA and anti-money laundering policy and procedures
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
Preferred
Audit experience preferred
Benefits
Remote work flexibility
Growth opportunities
Great Benefits
Strong culture
Work life balance
Medical, dental, vision, life and disability insurance
Retirement
Vacation
Tuition reimbursement
Company
Eastern Bank
Eastern Bank is the largest independent, mutually owned bank in New England and the largest community bank in Massachusetts.
1001-5000 employees
Funding
Current Stage
Late StageTotal Funding
unknown2023-09-19Acquired
Leadership Team
David Rosato
Chief Financial Officer
Quincy Miller
President/COO/Vice Chair
Recent News
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