What are the responsibilities and job description for the SAR Control Lead position at CYNET SYSTEMS?
Job Description:
Pay Range: $56.82hr - $61.82hr
Pay Range: $56.82hr - $61.82hr
- Evolve the transaction monitoring, case management and SAR filing system.
- Includes case information system development, Model evolution and e-filing processes.
- E2E Mapping of the Model features and related detection and risk mitigation controls that may exist outside of Payments.
- Drive streamlined adjustments to Model features that represents a risk based approach, limits false positives to appropriate levels and improves the detection of suspicious activities representative of the merchant nature of the business.
- SAR Investigation Due Diligence Procedures (E2E).
- Advanced investigations training.
- Management reporting on SAR trends, risks and issues.
- SAR Filing Processes and Procedures.
- Improve Operational Quality Control Layers.
- Quality assurance (QA) at 95% confidence level.
- Make QA plus Impactful.
- SAR control sample.
- Review of Significant Cases.
- SAR Control Program.
- TMIR Lead.
- Significant SAR Review Committee.
- Committee and stakeholder engagement (including Money Laundering Reporting Officers, Program Leads, and Chief Compliance Officer).
- Chaired By Lead - SAR Control.
- Review of General SAR Metrics (production and risk based metrics).
- Sample of Significant SAR Briefings from Investigators to Committee across all Payments entities.
- Strong analytical skills to identify complex patterns and potential red flags within financial data.
- Understanding of Anti-Money Laundering/Banking Secrecy Act regulations and compliance requirements.
- Familiarity with financial systems and transaction processing.
- Familiarity with Machine Learning, Artificial Intelligence and Rules Based Systems for Suspicious Activity detection.
- Excellent attention to detail and ability to accurately document information.
- Effective communication and collaboration skills to interact with various internal stakeholders.
- Investigative skills to gather and analyze relevant information.
- Self starter with the ability to problem solve, network and work their way to solving a problem.
Salary : $57 - $62
