AML Advisory Senior Associate - Hybrid - Boston, MA
Santander
FCRM Investigations and Reporting Analyst I
The Bancorp
full-time
Posted on:
Origin: • 🇺🇸 United States
Visit company websiteJob Level
Mid-LevelSenior
About the role
- Investigates and analyzes potential Anti-Money Laundering (AML) and fraudulent transactions and document findings up to and including filing out Suspicious Activity Reports (SARs) and escalating cases to the proper government enforcement authorities.
- Conducts financial forensic investigations on Anti-Money Laundering (AML) cases involving complex transaction patterns, including those derived from internal escalations, referrals from business lines, law enforcement requests, and department intelligence.
- Determines and pursues the best investigative approach for each unique case, ensuring material risk factors are addressed in compliance with AML department policies and regulatory expectations.
- Writes and prepares Suspicious Activity Reports (SAR), following established regulatory guidelines and time frames.
- Documents steps taken through the investigation escalation process through supporting research and data.
- Communicates findings, status, open issues, and other AML-related items to management regularly.
- Interfaces with internal and external partners to obtain information, as needed, on questionable transaction activity.
- Works closely with internal groups to ensure understanding of SAR and investigative requirements.
- Provides feedback, input, and suggestions on Know Your Customer (KYC) issues, acting as a subject matter expert on the operations and processes to streamline and improve function effectiveness.
- Performs other duties as assigned.
Requirements
- Undergraduate degree in a related field preferred.
- Otherwise, a non-related undergraduate degree and combination of training and experience will be considered.
- 3 years of transaction monitoring, KYC, sanctions, fraud, or investigative experience in BSA/AML.
- Experience in writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements preferred.
- Strong working knowledge of AML and KYC rules and regulations with exposure to SARs documentation.
- Excellent verbal, written, and interpersonal communication skills.
- A team player, able to work effectively in a team fostered, multi-tasking environment.
- Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook.
- Employment includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.
