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Suspicious Activity Reporting (SAR) Quality Control AVP
Banking/Financial company
Banking/Financial company
Jacksonville, FL 32256
W-2 onlyPermanent Position1512 views
Jacksonville, FL 32256
Permanent Position
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The Anti-Financial Crime (AFC) team is accountable for protecting from financial and reputational losses incurred by financial crimes by assessing, controlling and mitigating risks. You will be responsible for conducting comprehensive investigations on clients and activity processed by the Bank to detect activity indicative of money laundering and other financial crimes. In this role you will utilize internal and external investigation technology and research techniques. Based on documented findings, then you will draft a written narrative outlining in detail the results and as appropriate, file Suspicious Activity Review (SAR) reports with the Financial Crime Enforcement Network (FinCEN).

Your Key Responsibilities:

  • Use independent and professional judgment when reviewing AML investigations in addition to all policies and procedures and ensure that regulatory standards are met; utilize internal and external sources, and partner with other stakeholders, as necessary, to research and investigate cases
  • Monitor aging cases and escalate as necessary; participate in departmental projects and initiatives; Work with team leads to collate metrics and other data as requested
  • Participate in Below-the-Line (BTL) and/or Above-the-Line (ATL) testing to improve model effectiveness
  • Stay up to date on any new rules, regulations and reputational risks to further ensure/improve our investigation processes; understand business and regulatory requirements and ensure functions are being performed/meeting requirements; maintain a thorough comprehension of internal AML typologies relating to Correspondent Banking, Private Banking and Investment Banking clients
  • Manage complex investigations involving matters such as multiple relationship accounts, tiered and multi-faceted transactions; international wires involving designated high risk jurisdictions, and complex structuring schemes to identify potential money laundering or other financial crimes; review previous suspicious activity to ascertain whether continuing trends of potential anomalous activity exist
  • Liaise with Technology to address any potential production issues and software updates and participate in User Acceptance Testing (UAT); draft and prepare SARs and file in accordance with regulatory requirements

Your Skills and Experience:

  • Minimum of a bachelor’s degree
  • Relevant experience as an AML investigator in a transaction monitoring and SAR writing capacity or equivalent experience or education; knowledge of AML laws (USA PATRIOT Act), Regulations (Fed, SEC, FINRA) and their application to the supported products/business lines
  • An understanding of the legal and compliance issues of complex banking organizations; Correspondent Banking, Private Banking or Investment Banking experience; operational knowledge of USD payment systems, including SWIFT, CHIPS, ACH, and FedFunds
  • Experience using third party investigation software a plus; Knowledge with Case Management System, Actimize / Mantas; CAMS certification is a plus
  • Strong knowledge of Microsoft Word, Excel, and PowerPoint; intermediate knowledge of MS Excel, including pivot tables, macros, filtering, and sorting

Skill Proficiency Years Experience Percent Used
Financial Crimes
Microsoft Excel