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Ofac Analyst Jobs in Massachusetts (NOW HIRING)

Northern Bank

Financial Crimes Analyst II

Woburn, MA · On-site

$75K - $85K/yr

Adjudicate alerts generated by the Bank's transaction monitoring system for fraud, AML and OFAC ... Strong analytical, decision-making, organizational, and communication skills * Highly organized ...

Northern Bank

Financial Crimes Analyst II

Woburn, MA · On-site

$75K - $85K/yr

Adjudicate alerts generated by the Bank's transaction monitoring system for fraud, AML and OFAC ... Strong analytical, decision-making, organizational, and communication skills * Highly organized ...

Main Street Bank

Security Analyst (75468)

Marlborough, MA · Hybrid

$24.50 - $29.50/hr

Security Analyst Salary Grade: NE07 FLSA Status: Non-Exempt Employment Status: Full Time Department ... Maintain a current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC ...

MAIN STREET BANK

Security Analyst (75468)

Marlborough, MA · On-site

$24.50 - $29.50/hr

Title: Security Analyst Salary Grade: NE07 FLSA Status: Non-Exempt Employment Status: Full Time ... Maintain a current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC ...

Main Street Bank

Security Analyst (75468)

Marlborough, MA · Hybrid

$24.50 - $29.50/hr

Title: Security Analyst Salary Grade: NE07 FLSA Status: Non-Exempt Employment Status: Full Time ... Maintain a current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC ...

Freedom Credit Union

Fraud Analyst

Springfield, MA · On-site

$24.17 - $36.26/hr

Responsible for reviewing BSA, AML, OFAC, Fraud, and ID theft news releases daily Requirements ... analyzing, interpreting and preparing statistical data Proficient in Microsoft Office, general ...

New

aweeks@countrybank.com

Technology Risk Analyst

Ware, MA · Remote

$60K - $75K/yr

Technology Risk Analyst Being a Country Bank team member has a lot of perks! Our competitive total ... Retrieve quarterly OFAC reports for the Financial Investigation Department. Collaborates with ...

Country Bank for Savings

Technology Risk Analyst

Ware, MA · On-site

$60K - $75K/yr

Within the department, the Technology Risk Analyst collaborates directly with the Operational Risk ... Retrieve quarterly OFAC reports for the Financial Investigation Department. Collaborates with ...

Cambridge Savings Bank

Consumer Loan Analyst

Waltham, MA · On-site

$60K - $78K/yr

... OFAC, flood where applicable). • Strong customer service and communication skills with the ... analytical, organizational, and time-management skills with attention to detail and ability to ...

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Ofac Analyst information

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$18

$34

$52

How much do ofac analyst jobs pay per hour?

As of May 28, 2026, the average hourly pay for ofac analyst in Massachusetts is $34.44, according to ZipRecruiter salary data. Most workers in this role earn between $27.55 and $39.13 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an OFAC Analyst, and why are they important?

To excel as an OFAC Analyst, a strong understanding of financial regulations, compliance procedures, and risk assessment is essential, often supported by a degree in finance, law, or a related field. Familiarity with screening tools, transaction monitoring systems, and knowledge of Office of Foreign Assets Control (OFAC) regulations and sanctions lists are typically required. Attention to detail, critical thinking, and effective communication skills help analysts identify suspicious activity and collaborate with internal teams. These competencies ensure regulatory compliance, mitigate financial crime risk, and protect organizations from legal and reputational harm.

What are some common challenges faced by OFAC Analysts when reviewing potential sanctions matches?

OFAC Analysts often encounter challenges such as distinguishing between true and false positives when screening for sanctions matches, as names and entities can be similar or ambiguous. They must carefully review and interpret complex data, sometimes under tight deadlines, to ensure compliance with regulations while minimizing unnecessary disruptions to business. Collaboration with legal, compliance, and business teams is common to resolve uncertainties and make informed decisions. Staying updated with frequently changing sanctions lists and regulatory guidance is also critical to success in this role.

What is an OFAC Analyst?

An OFAC Analyst is a compliance professional responsible for ensuring that organizations adhere to the regulations set by the Office of Foreign Assets Control (OFAC), a division of the U.S. Department of the Treasury. They review transactions, conduct screenings, and monitor clients or business partners to identify any links to individuals, entities, or countries under U.S. sanctions. OFAC Analysts play a crucial role in preventing financial crimes such as money laundering and terrorist financing by ensuring businesses do not inadvertently engage with prohibited parties.

What is the difference between Ofac Analyst vs Compliance Analyst?

AspectOfac AnalystCompliance Analyst
Required CredentialsTypically a bachelor’s degree, certifications like OFAC or AML certificationsBachelor’s degree, certifications like CCEP, CAMS often preferred
Work EnvironmentFinancial institutions, government agencies, regulatory bodiesCorporations, financial institutions, consulting firms
Industry UsagePrimarily in banking, finance, and government sectorsAcross various industries including finance, healthcare, and manufacturing
Search & Comparison IntentUnderstanding OFAC-specific roles and responsibilitiesBroader compliance functions and career paths

While both Ofac Analysts and Compliance Analysts work within regulatory frameworks, Ofac Analysts focus specifically on sanctions screening and OFAC regulations, whereas Compliance Analysts handle broader compliance programs across industries. The roles often overlap in skills and certifications, but their scope and industry focus differ.

What are popular job titles related to Ofac Analyst jobs in Massachusetts? For Ofac Analyst jobs in Massachusetts, the most frequently searched job titles are:
What job categories do people searching Ofac Analyst jobs in Massachusetts look for? The top searched job categories for Ofac Analyst jobs in Massachusetts are:
Ofac Analyst jobs near you
Infographic showing various Ofac Analyst job openings in Massachusetts as of May 2026, with employment types broken down into 78% Full Time, 16% Part Time, and 6% Contract. Highlights an 92% Physical, and 8% Hybrid job distribution, with an average salary of $71,631 per year, or $34.4 per hour.

VP, Financial Crimes

Careers at First Tech Federal Credit Union | Invest in You

Marlborough, MA • Hybrid

$220K - $260K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 11 days ago

Job description

VP, FIU will be a critical Second Line of Defense (2LOD) leader reporting to the Head of Enterprise Risk Management (ERM). The role is responsible for establishing, maturing, and owning an independent Financial Intelligence & Financial Crimes Risk Function covering Fraud and BSA/AML/OFAC. The function's mission is to set enterprise risk strategy, policy, risk appetite, standards, and governance; independently oversee, challenge, and test First Line of Defense (1LOD) fraud prevention, detection, investigation, and recovery activities, as well as BSA/AML/OFAC compliance programs; and provide transparent, risk based reporting to the CRO, Enterprise Risk Management Committee (ERMC), Board Risk Committee, and Board of Directors.
Here's what you can expect from the job and what you need to be successful:
Job Duties
  • Own the enterprise Financial Crimes Risk Management Framework, including Fraud and BSA/AML/OFAC policies, standards, taxonomies, and governance structures.
  • Define, maintain, and monitor Financial Crimes Risk Appetite Statements, limits, thresholds, escalation triggers, and support KRIs/KPIs.
  • Independently challenge and approve material 1LOD program designs, control changes, model strategies, and new product or change initiatives with financial crimes exposure.
  • Chair and participate in fraud and financial crimes governance forums; escalate material risks, limit breaches, and issues through established ERM governance structures.
  • Serve as an enterprise subject matter expert for fraud, BSA/AML, OFAC, payments risk, and digital financial crimes.
  • Independently monitor, test, and validate the design and operating effectiveness of fraud, payments, and BSA/AML/OFAC controls.
  • Oversee governance and quality assurance for regulatory-required processes including transaction monitoring, sanctions screening, CTR filing, and SAR quality.
  • Perform thematic reviews, control testing, scenario analysis, and gap assessments across financial crimes processes.
  • Validate issue management activities including root cause analysis, corrective action plans, and remediation effectiveness; ensure timely closure of recurring issues.
  • Provide independent oversight and challenge across major fraud domains
  • Oversee fraud and BSA/AML/OFAC analytics, rules-based strategies, and machine learning models, including governance over tuning, thresholds, and performance monitoring.
  • Partner with Model Risk Management on validation, lifecycle governance, and regulatory alignment of financial crimes-related models.
  • Provide independent oversight of data quality, lineage, feature stability, and model drift impacting financial crimes monitoring.
  • Define financial crimes due diligence, onboarding, and ongoing monitoring requirements for vendors and fintech partners.
  • Review partner SLAs/KPIs, alert and case handoffs, escalation protocols, and control guardrails.
  • Coordinate with Third-Party Risk Management on criticality assessments, concentration risk, and exit strategies.
  • Produce enterprise-level financial crimes risk reporting for the CRO, Enterprise Risk Management Committee, Board Risk Committee, and Board of Directors.
  • Lead and coordinate financial crimes-related regulatory exams, inquiries, and supervisory interactions in partnership with Compliance and Legal.
  • Maintain exam-ready documentation and oversee regulatory issue tracking, response, and closure validation.
  • Partner with Compliance and the BSA Officer on annual BSA/AML risk assessments, regulatory change monitoring, and UDAAP alignment.
    • Reasonable accommodations may be made to enable individuals with disabilities to perform the essential function
Essential Skills
  • 10+ years' relevant experience within enterprise financial intelligence and risk
  • 8+ years as a people leader, leading a diverse team including hiring, coaching and performance management
  • Deep expertise with relevant laws, rules, and guidance (e.g., AML/CTF expectations, suspicious activity reporting, records management) and experience supporting exams/audits
  • Expert knowledge in customer identity verification, transaction monitoring, alerting, and investigative practices.
  • Experience with case management systems, identity tools, monitoring platforms, model governance, and analytics for tuning and effectiveness.
  • Strong analytical and reporting capabilities; ability to articulate risk insights at the Board/executive level.
  • Experience collaborating with fraud, Compliance, ERM, audit, model risk, and technology teams.
  • Required Education: Bachelor's degree in field relevant to role (or 4 additional years of relevant experience in lieu of a degree), advanced degree preferred.
Location: Hillsboro, OR 97124 | Marlborough, MA 01752 |(HYBRID)
Target Compensation: $220k - $260k + Annual Bonus
Benefits options include:
  • Traditional medical, dental, and vision coverage
  • 401K matching up to 5% per pay period
  • Flexible Time-Off (FTO)
  • 11 Paid Holidays
  • Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility for special employee pricing is subject to standard account requirements and underwriting criteria)
What makes First Tech different? Clickhereto learn more!
First Tech is not currently offering Visa transfer/ sponsorship for this position
#LI-KW1
Employment Type: Full-Time

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