What are the responsibilities and job description for the Financial Intelligence Unit Analyst position at SMBC Group?
The anticipated salary range for this role is between $72,000.00 and $85,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
The Financial Intelligence Unit (FIU) Analyst is responsible for the completion of more complex day-to-day compliance efforts related to transaction surveillance or the quality control of the staff’s completion of alerts reviews and Suspicious Activity Report (SAR) filings, which ensures that reviews are performed in accordance with AML policy and procedures. The FIU Analyst may also be a subject matter expert and responsible for training newer hires. The FIU Analyst may be tasked with the supervision and quality control of the staff’s completion of alerts reviews and SAR filings on a temporary basis. Escalates highly complex issues to next level management.
Role Objectives
- Performs activities as required for complex one-level review processes in accordance with department standards.
- Creates narratives and documentation for alerted transactions and SARs.
- Implements appropriate changes made to procedures based on new regulations and updates to the Policy and Procedure manuals and keeps abreast of Anti Money Laundering / Bank Secrecy Act / Office of Foreign Assets Control (AML / BSA / OFAC) regulations. May analyze statistical data for output and make recommendations for process improvement.
- Assures compliance with SMBC policies and procedures as well as AML / BSA / OFAC regulations.
- May collaborate with team leads to ensure quality and compliance for implementation of new processes.
- Participates in such other tasks that may be required by the company from time-to-time, including Business Continuity efforts.
- May be tasked with the supervision and quality control of the staff’s completion of alerts reviews and SAR filings on a temporary basis.
- May provide training to newer hires.
Qualifications and Skills
SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
Salary : $72,000 - $85,000
