Northeast Bank is a full-service community bank and a national commercial real estate lender with offices in Maine, Massachusetts, New York, and Connecticut and California. We are looking for motivated and talented individuals who want to make an impact in a growing company that cares about its employees, customers, and the communities it serves. Northeast Bank provides competitive compensation and benefits, generous PTO, and a hybrid work environment dependent on the role. If you are looking for a growing organization that prioritizes its employees, we encourage you to apply.
POSITION SUMMARY: Responsible for daily monitoring of compliance within the BSA program as directed through the AML/CFT, CIP/CDD, and OFAC Policies.
RESPONSIBILITIES:
- Understands the Verafin system to identify erroneous data and works with external vendors to maintain system accuracy and effectiveness.
- Understands the Verafin system to properly analyze and disposition BSA/AML and CDD/EDD alerts, and supplemental Cognos reports.
- Analyzes all transactions within the customer database to detect suspicious activity.
- Maintains and tracks Customer Due Diligence questionnaires that are completed within the Verafin system.
- Monitors for suspicious activity within the Verafin system or from various reports. Create cases for additional investigations and escalates to the AML/CFT Officer when necessary.
- Completes SARs within the Verafin system, as directed by the AML/CFT Officer.
- Monitors the monetary instrument log for suspicious activity and ensure the log has accurate and correct information.
- Research, as directed by the AML/CFT Officer, bank specific correspondence received from the Treasury, Financial Crimes Enforcement Network, OFAC, as well as Federal and local Law Enforcement Agencies.
- Manages the Currency Transaction Reports (CTRs) process; works with bank staff to ensure that CTRs are correct and properly aggregated.
- Submits accurate and timely CTRs to the AML/CFT Team Lead for final review and filing.
- Maintains a current knowledge and understanding of the Bank Secrecy Act and all related AML/CFT, CIP, CDD, and OFAC regulations.
- Performs OFAC/314a scans of customer database.
- Maintains a high level of confidentiality/security regarding all aspects relating to AML/CFT and OFAC.
- Achieves and maintains a full functioning knowledge of the Verafin system and all applicable procedures.
- Successfully pass technical and regulatory examinations required by the Company.
KNOWLEDGE, SKILLS AND ABILITIES:
- Effective interpersonal and communication skills
- Proficiency in Microsoft Word and Excel
- Strong organizational skills and attention to detail
- High degree of confidentiality required
- Ability to meet deadlines and work independently
- Ability to read, research, and interpret rules and regulations
- Knowledge of BSA/AML laws and regulations
- Knowledge of bank policies, procedures and operations
- Four-year college/university degree in a relevant field; or equivalent job experience
- 1 to 2 years of AML/CFT experience
PHYSICAL DEMANDS AND CONDITIONS:
- Must be able to remain in a stationary position for long periods of time.
- Must be able to occasionally lift up to 25lbs.
- Consistently operates a computer and other office machinery such as calculator, copy machine and printers.
- Climate controlled general office setting with moderate noise level.
- Must express or exchange ideas and meaning with co-workers, supervisors, customers and vendors.
Northeast Bank is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, national original, veteran status and any other classification protected by Law. We celebrate diversity and are committed to creating an inclusive environment for all employees.
