BSA/AML Analyst Job at Hingham Institution for Savings, Washington DC

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  • Hingham Institution for Savings
  • Washington DC

Job Description

About the Role The Compliance Group is responsible for the Bank’s consumer compliance program, BSA/AML compliance program, and the Bank’s Quality Control program, which conducts detailed deposit account review and loan‑level review of all of the Bank’s lending activities. The BSA/AML Analyst is a key subject‑matter expert on the Compliance team, playing a pivotal role in building and executing the Bank’s BSA/AML compliance framework. The analyst will report directly to the VP, BSA Officer and will be responsible for regulatory reporting, complex transaction monitoring, and in‑depth customer risk assessment. Responsibilities Transaction Monitoring & Sanctions Screening: Triaging, researching and resolving system‑generated alerts related to suspicious activity and government sanctions programs. Customer Due Diligence (CDD) and Risk Profiling: Preparing comprehensive risk assessments for potential new customers and escalating high‑risk decisions to senior management. Enhanced Due Diligence (EDD): Conducting in‑depth EDD reports for high‑risk customers, synthesizing account activity and presenting mitigation recommendations. Process Improvement & Technology: Identifying process enhancements and utilizing technology to improve efficiency in false‑positive reduction, dynamic risk assessment, and automated data aggregation. Regulatory Reporting: Overseeing the automated Currency Transaction Reporting (CTR) program, filing SARs and providing detailed narratives of suspicious activity. Audit & Examinations: Preparing and organizing materials for auditors and regulators, ensuring documentation is clear and defensible. Training & Development: Contributing to the development and delivery of BSA/AML training for all bank employees. Qualifications Bachelor’s degree or equivalent experience in financial compliance or a related field. Strong analytical skills with meticulous attention to detail. Excellent written communication skills and the ability to present findings. Ability to manage multiple tasks and prioritize based on regulatory risk exposure. Technical proficiency with Google GSuite (preferred) and experience with Verafin (preferred). Ability to work autonomously and independently. Certified Anti‑Money Laundering Specialist (CAMS) certification is a plus. The Pay Range For This Role Is 70,000 – 95,000 USD per year (Washington DC Office) and 70,000 – 95,000 per year (Corporate Office). Seniority level Mid‑Senior level Employment type Full‑time Job function Business Development and Sales Industries Banking #J-18808-Ljbffr Hingham Institution for Savings

Job Tags

Full time, Work at office,

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