Lead AML/CFT Analyst

Position Summary

Under the direction of the AML/CFT Officer and Chief Risk Officer, the Lead AML/CFT Analyst supports compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT) and Office of Foreign Assets Control (OFAC) regulations. The Lead AML/CFT Analyst oversees the daily operations of the Bank's AML/CFT program, ensuring compliance with regulatory expectations and managing a team of analysts. This includes supervision of all marijuana-related business compliance under FinCEN guidance, managing system configurations (e.g., Verafin, Shield), and serving as the primary liaison between compliance operations, the AML/CFT Officer and senior management.

Essential Job Responsibilities

The essential functions include, but are not limited to the following:

• Ensures prompt identification and investigation of unusual or suspicious activity across customer accounts and product lines.
• Independently reviews and investigates escalated alerts and complex cases identified through AML/CFT monitoring systems.
• Supervises and provides technical guidance and support to AML/CFT Analysts including but not limited to conducting performance reviews, supporting career development, assigning cases and ensuring the completion of work in accordance with performance standards.
• Assists the AML/CFT Officer with oversight of AML/CFT monitoring systems, including testing, rule tuning, system agent parameter management and upgrades.
• Drafts detailed investigative narratives, prepare, recommend, and submit Suspicious Activity Reports (SAR) filings ensuring timely and accurate filing.
• Reviews SARs completed by AML/CFT Analyst prior to final review by the AML/CFT Officer, ensuring timely and accurate filing.
• Evaluates Cannabis Related Business (CRB) business documentation, licenses, ownership structures, and maintain compliance with Bank policy and procedures, FinCEN guidance, and state regulatory programs.
• Performs ongoing monitoring and periodic Enhanced Due Diligence (EDD) reviews of high risk accounts to detect unusual trends, cash structuring, or deviations from expected business activity.
• Maintains and updates customer risk rating criteria and ensure accurate application in AML/CFT monitoring systems.
• Completes Enhanced Due Diligence (EDD) reviews for high-risk relationships and assist the AML/CFT Officer with oversight of the program, ensuring timely and accurate EDD reviews by AML/CFT Senior Analysts.
• Coordinates with the AML/CFT Officer and senior management to provide risk reports, metrics, and summaries of CRB related activity.
• Liaises with state regulators, auditors, and law enforcement as necessary.
• Maintains and enforces compliance with 314(a) and 314(b) and data privacy laws.
• Identifies, recommends, and implements improvements to the Bank's AML/CFT program and CRB oversight processes.
• Stays current on internal policies, regulatory updates, and AML/CFT typologies and OFAC regulations through training.
• Fosters a culture of accountability, continuous learning, and innovation across the financial crimes team.

Knowledge, Skills & Work Experience

• Bachelor's degree required; CAMS or equivalent certification strongly preferred.
• 5-7+ years of progressive experience in AML/CFT or financial crimes compliance with at least 3-5 years in a supervisory role.
• Deep knowledge of FinCEN's guidance and BSA reporting requirements for marijuana-related businesses.
• Subject matter expert in BSA, USA Patriot Act, OFAC, and related compliance laws.
• Strong leadership and organizational skills.
• Ability to manage competing priorities and maintain regulatory standards under pressure.
• Exceptional analytical and problem-solving skills with the ability to handle sensitive and complex cases.
• Proficiency in using AML/CFT detection software, data analysis tools, and Microsoft Office Suite.
• Excellent communication and interpersonal skills to engage with customers, staff, and external stakeholders.

The pay range for this position is based on the lowest to highest salary we reasonably and in good faith expect to pay for this position at the time of this posting. Actual pay will depend upon several factors including, but not limited to, relevant education, qualifications, certifications, experience, business or organizational needs, affordability and market pay. The posted range may be modified in the future as market data or organizational priorities change.

Physical Demands

This job operates in a bank branch office but may require some remote work and travel. This position is an office-based position in terms of physical demand. Employees are expected to be able to operate their fingers and hands to perform functions such as typing, writing, and filing. Employees must also be able to move throughout the office with ease while also being able to sit for extended periods of time. Employees must be able to see and hear in an office setting that does include much noise going on around one's workspace. While this job is mainly clerical, there may be instances in which employees must be able to transport up to 20 pounds. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Note

The above is a description of the ordinary duties of the position. It should be expected that from time-to-time other duties (both related and unrelated to the above) may be assigned and are therefore required.

This position is not subject to SAFE Act Registration Requirements. Pursuant to the SAFE Act requirements, all applicants for employment who will be engaged in residential loan mortgage originations (as defined by the SAFE Act) must register with the federal registry system and maintain a status in good standing under the SAFE Act requirements.

North Easton Savings Bank is dedicated to being an equal opportunity workplace. To reach and maintain this goal, the Bank strictly prohibits harassment and discrimination based on gender, sex, race, ethnic background, age, physical disability, mental disability, and anything else protected by law. North Easton Savings Bank welcomes diversity and we believe that diversity is the root of successful teams and an overall successful workplace.

Compensation details: Yearly Salary

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