What are the responsibilities and job description for the Anti-Money Laundering Analyst position at MJ Boyd Consulting?
Our client is a NY Bank based in Midtown Manhattan. They are looking for a SAR Writer to join their AML/FIU team for a long-term contract (potential temp-to-perm) role. This position will require 5 days per week in the office.
Essential Functions
- Conduct fraud investigations to detect and report fraudulent activity stemming from law enforcement referrals, consumer complaints, and other sources of triggering events, and determine whether the activity is deemed suspicious or can be closed.
- Conduct BSA/AML investigations to detect and report suspicious activity stemming from alert escalations, unusual activity referrals, and other sources of triggering events, and determine whether the activity is deemed suspicious or can be closed.
- Conduct open-source research for relevant adverse media while conducting investigations into potential money laundering, terrorist financing, fraud and other financial crime.
- Prepare Suspicious Activity Reports (SARs) to ensure the Bank meets regulatory reporting requirements.
- Present SARs to relevant Business Heads with recommendations on next steps, include relationship exit, or other mitigating strategies.
- Prepare internal and external memos, reports, etc. as part of the cases or other workload of the Financial Intelligence Unit (FIU)
- Candidate must be able to interact with all lines of business to resolve issues as appropriate.
Qualifications
- Education: Associate degree or equivalent experience
- Experience: Minimum of 3 years of AML/BSA Compliance
- CAMS preferred
Salary : $40 - $50
