Commercial Credit Analyst II
$55K - $77K/yr
... and interns by answering questions, modeling best practices, and providing guidance on credit ... Provide administrative support to the Credit Administration team and Commercial Lending Officers ...
Commercial Credit Analyst II
$55K - $77K/yr
... and interns by answering questions, modeling best practices, and providing guidance on credit ... Provide administrative support to the Credit Administration team and Commercial Lending Officers ...
Commercial Credit Analyst II
Newburyport, MA · On-site
$55K - $77K/yr
... and interns by answering questions, modeling best practices, and providing guidance on credit ... Provide administrative support to the Credit Administration team and Commercial Lending Officers ...
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Commercial Credit Analyst II
Newburyport, MA · On-site
$55K - $77K/yr
... and interns by answering questions, modeling best practices, and providing guidance on credit ... Provide administrative support to the Credit Administration team and Commercial Lending Officers ...
Internship Bsa Officer information
What is the difference between Internship Bsa Officer vs Bsa Analyst?
| Aspect | Internship Bsa Officer | Bsa Analyst |
|---|---|---|
| Credentials | Typically pursuing or recent graduate, some certifications optional | Often requires relevant certifications (e.g., CAMS, CRCM) |
| Work Environment | Entry-level, training-focused, temporary | Full-time, operational, compliance-focused |
| Employer & Industry | Financial institutions, banks, fintechs | Financial institutions, banks, compliance firms |
| Search & Comparison Intent | Understanding entry-level roles, internships | Understanding professional compliance roles |
The Internship Bsa Officer is an entry-level, training-focused role suitable for students or recent graduates, often serving as a stepping stone into the banking compliance field. In contrast, a Bsa Analyst is a full-time professional position requiring more experience and certifications, focusing on ongoing compliance monitoring and risk assessment within financial institutions.
What are the key skills and qualifications needed to thrive as an internship BSA officer?
To excel as an Internship BSA Officer, you generally need a foundational understanding of banking regulations, risk assessment, and compliance principles, often supported by coursework in finance, business, or criminal justice. Familiarity with anti-money laundering (AML) software, transaction monitoring systems, and regulatory databases is typically beneficial. Strong analytical thinking, attention to detail, and effective communication skills help interns spot suspicious activities and collaborate with senior compliance staff. Mastering these skills is crucial for ensuring regulatory compliance and protecting financial institutions from legal and reputational risks.
What is an internship BSA officer?
Internship BSA Officers are interns who work with the Bank Secrecy Act (BSA) compliance teams within financial institutions. Their main role is to assist in identifying, preventing, and reporting suspicious financial activities, such as money laundering or fraud. They typically help with monitoring transactions, preparing reports, and supporting investigations under the guidance of experienced BSA Officers. This internship provides valuable exposure to regulatory compliance, risk management, and anti-money laundering (AML) procedures, making it ideal for students interested in finance, law, or compliance careers.
What are some common challenges faced by an internship BSA officer, and how can they be addressed?
Internship BSA Officers often encounter challenges such as staying up-to-date with evolving regulatory requirements, managing large volumes of transaction data, and identifying suspicious activities accurately. Navigating complex compliance systems and balancing learning with hands-on responsibilities can also be demanding. These challenges can be addressed by proactively seeking mentorship from experienced team members, engaging in regular training sessions, and utilizing available compliance tools to streamline monitoring tasks. Open communication with supervisors and peers is key to overcoming obstacles and developing confidence in the role.
What cities are hiring for Internship Bsa Officer jobs?
Cities with the most Internship Bsa Officer job openings:
What are the most commonly searched types of Bsa Officer jobs?
The most popular types of Bsa Officer jobs are:
What states have the most Internship Bsa Officer jobs?
States with the most job openings for Internship Bsa Officer jobs include:
$55K - $77K/yr
Full-time
Posted 10 days ago
Job description
Description
River Run is a shared services organization that supports banking affiliates, Newburyport Bank and Pentucket Bank. Together, we shape the evolution of community banking through innovation and strong partnerships, while preserving the personalized service our customers value. Here, you will discover opportunities for professional growth, make a meaningful impact in your local community, and join a team that champions integrity, collaboration, and continuous progress. This is community banking, evolved.
The Commercial Credit Analyst II identifies, monitors, and describes credit risk in a commercial banking environment. Performs financial spreading and analysis, credit underwriting, evaluation of commercial borrowers, covenant testing, and performs occasional special projects.
Essential Job Functions
- Analyze financial statements, evaluate personal and commercial creditworthiness, and prepare comprehensive credit approval packages for new loan requests.
- Independently underwrite new financing requests, complete annual commercial loan reviews, and maintain responsibility for assigned borrower relationships.
- Identify, assess, and document financial, operational, industry, economic, and management risks that may impact a borrower's ability to meet obligations, recommending appropriate risk ratings and action plans when needed.
- Collect, analyze, and interpret financial and supporting documentation, obtaining additional information as necessary to ensure timely and accurate credit decisions.
- Maintain commercial credit files and portfolio quality while supporting Commercial Lending with quarterly reviews, preliminary memos, construction site inspections, customer visits, meetings, and loan structuring.
- Assist junior analysts and interns by answering questions, modeling best practices, and providing guidance on credit analysis and documentation.
- Ensure compliance with Bank credit policies, lending procedures, federal and state regulations, and the Bank Secrecy Act (BSA), documenting exceptions and verifying transactions and account balances as applicable.
- Provide administrative support to the Credit Administration team and Commercial Lending Officers while remaining current on Bank products, services, policies, procedures, and regulatory requirements through ongoing training.
Requirements
Qualifications, Education, and Experience
- Bachelor's degree in Business or a related field.
- 2-3 years of banking or financial services experience.
- Strong knowledge of accounting, finance, and commercial lending principles.
- Ability to perform financial statement analysis, interpret appraisal and market data, and evaluate commercial credit risk.
- Strong analytical, decision-making, organizational, and time management skills with excellent attention to detail.
- Proficiency in Microsoft Office and other standard business applications.
- Self-motivated with the ability to manage multiple priorities and meet deadlines.
- Ability to learn and apply knowledge of the Bank's products and services, particularly commercial and loan products.
- Strong written and verbal communication skills with the ability to clearly document financial analyses and credit recommendations.
River Run Services, LLC is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, gender, sexual orientation, marital status, religion, age, disability, gender identity, results of genetic testing or service in the military.
If you are an individual with a disability and require a reasonable accommodation to complete the application process, you may contact Human Resources at hr@riverrun.com or call 978-462-3136.
The salary range represents an estimate based on market data for this position. Final compensation decisions are made based on experience, skills, and internal equity to ensure fairness and consistency across our organization.
Salary Description