We know of 2 jobs at Northern Bank as of May 2024, including roles such as Financial Crimes Specialist II, and Specialty Deposits Relationship Manager.
More than 30+ days
The Financial Crimes Specialist II assists with daily monitoring required for compliance with the Bank’s BSA/AML and anti-fraud programs. The primary areas include suspicious activity monitoring, fraud detection and high-risk account monitoring for the Bank’s cannabis related businesses. The Bank’s Financial Crimes program is a first line of defense that conducts prevention, monitoring and investigation activities to mitigate exposure to fraud, money laundering, electronic crime, and terrorist financing.
ESSENTIAL FUNCTIONS
- Review new customer risk assessments and identify red flags for fraudulent or suspicious activity.
- Help the Bank comply with all applicable state and federal regulations with respect to BSA, AML and OFAC.
- Stay up to date with state cannabis requirements and licensing conditions.
- Work with other operating areas to enhance the Bank’s AML and anti-fraud processes and procedures related to serving cannabis customers.
- Manage alerts in the Bank’s fraud and AML system to ensure timely review and disposition.
- Assist with AML case management to ensure timely and prompt investigation.
- Perform high risk customer reviews.
- Keep abreast of changes in related regulations and regulatory agency guidelines.
- Participate in ongoing education by attending various webinars and seminars.
JOB QUALIFICATIONS
- Prior experience with cannabis banking and monitoring of cannabis related business customers to comply with BSA requirements.
- In-depth knowledge of the anti-money laundering, countering financing of terrorism regulations and fraud prevention and detection techniques; strong analytical and decision-making skills; organizational skills; AML and anti-fraud software; Microsoft Word; Microsoft Excel.
- Minimum of 5 years of experience in AML/CFT or anti-fraud areas
- Bachelor’s Degree; CAMS certification is highly desired
- Self-Motivated
- Ability to work independently
- Excellent communication skills
- Ability to multi-task and prioritize
- Detail-oriented
About Northern Bank & Trust Company
Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $2.65 billion with 13 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).
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The Specialty Deposits Relationship Manager (SDRM) is responsible for sourcing and developing prospects in the cannabis industry into new Bank clients. The primary goal of the SDRM is to increase deposit growth and non-interest income. The SDRM should have knowledge of Massachusetts cannabis industry and be able to work with prospective businesses to handle their deposit and banking needs.
The SDRM will demonstrate overall cash management expertise necessary to target businesses with significant deposit opportunities. The candidate will put strategy into action by sourcing highly relevant and actionable opportunities and be proficient at relationship building and market research to build and maintain a robust pipeline of opportunities.
ESSENTIAL FUNCTIONS
- Business development/prospecting: 80%
- Providing service to existing customer base: 20%
JOB QUALIFICATIONS
- Knowledge of the Massachusetts cannabis industry is preferred
- Successful track record of developing and maintaining business relationships/sales skills
- Demonstrated ability to work internally and externally to manage and grow new relationships
- Excellent verbal and written communications skills
- Strong analytical, problem-solving skills and organizational skills
- Demonstrated experience coordinating and collaborating across an organization
About Northern Bank & Trust Company
Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $2.65 billion with 13 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).
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Apply for this job with Northern Bank
Apply now →
By clicking the "Apply now" button, you'll be leaving Fazow and going to an external job application page for this company.
Please research all companies before applying. When applying for jobs, you should NOT have to pay to apply.
Fazow accepts no liability or responsibility as a consequence of any reliance upon information on external sites or in jobs listed on fazow.com.