BSA Analyst

About Cornerstone Bank

Cornerstone Bank was established in 2017, built on a legacy of community support and a commitment to helping individuals and businesses thrive. With deep roots in Worcester County and a strong presence throughout Central Massachusetts, Cornerstone combines the strength of a traditional bank with the personalized service of a local institution. Our community-based banking model allows us to deliver exceptional service with a personal touch-every time. At Cornerstone Bank, we foster a collaborative and inclusive workplace where innovation, teamwork, accountability, and excellence are more than just values-they're how we work every day. We empower our employees to grow professionally, serve their communities, and deliver outstanding customer experiences.

Position Summary:

At Cornerstone Bank, we're committed to supporting our customers, colleagues, and communities-and our Compliance team plays a critical role in that mission. We're looking for a detail-oriented Bank Secrecy Act (BSA) Analyst to join our team and help protect the bank through strong anti-money laundering and customer due diligence practices.

In this role, you'll support key aspects of our Bank Secrecy Act (BSA) and Customer Due Diligence (CDD) programs, including monitoring alerts, conducting customer due diligence reviews, and assisting with regulatory reporting and audits. You'll partner across the organization as a resource on fraud, compliance, and risk-related matters, while gaining valuable experience in a collaborative and fast-paced environment.

This is a great opportunity for someone early in their career who is highly organized, analytical, and interested in building a future in banking compliance.

Responsibilities and Accountabilities:

• Assists the BSA Department with audits and exams (prepares documentation, gathers request items, etc).
• Reviews and investigates monthly alerts for CDD/EDD discrepancies and new high-risk customers.
• Performs ongoing enhanced due diligence (EDD) reviews on high-risk customer types.
• Monitors receipt of customer due diligence (CDD) Questionnaires for all new business entities.
• Prepares and submits CTRs daily.
• Reviews Watchlist alerts for OFAC, PEP, and Special Measures daily.
• Tracks the receipt and reviews accuracy of Certification of Beneficial Ownership forms.
• Assists with managing BSA procedures.
• Acts as a resource for employees bank-wide on BSA, fraud, and customer due diligence matters.
• Attend or complete required training as provided.
• Other related duties assigned.

Qualifications:

• Able to use various office equipment including computer terminal; ability to utilize applicable software
• Working knowledge of various word processing and spreadsheet applications and strong knowledge of existing consumer protection regulations
• Must possess a strong attention to detail and organizational skills
• Strong verbal and written communication skills
• Strong organizational skills
• Attention to detail with high degree of accuracy
• Ability to read and comprehend governmental regulations and other instruction manuals
• Ability to work independently and keep supervisor appropriately informed of issues and possess the ability to work in a team environment

Education / Training / Experience:

• High School Diploma or equivalent
• PLUS specialized course work and training related to regulatory compliance

INDEPENDENT ACTION

Performs work independently within scope of established guidelines and practices. Consults with Manager where clarification or exception to Bank policy may be required.


NOTE: These statements are intended to describe the general nature and level of work involved for this job. It is not an exhaustive list of all responsibilities, duties and skills required for this job.


Cornerstone Bank is an Equal Opportunity Employer. In compliance with Equal Opportunity Guidelines and the Americans with Disabilities Act, Cornerstone Bank provides reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.