Job Description :
Job Description:
The SAR Analyst is responsible for identifying, reporting suspicious activity and/or mitigating risks in a timely manner;
The SAR Analyst accomplishes this through reviewing, investigating and documenting the disposition of cases escalated from various sources as well as performing specialized and targeted monitoring using manual methods;
Prepare SARs with pertinent details and clarity as per the current SAR Team procedures;
Performs reconciliation of cases and generating 90-day follow up cases;
Performs 90-day preliminary review (prepares wire transaction related data, separates continuing or non-continuing activities);
Performs full QC process for every concluded SAR; Performs full QC process for every concluded Decision-Not-To-File and prepare each case for the Approval Committee review;
Provide individual QC feedback to the SAR Analysts and to management;
Project work which may include assisting with system testing; Communication of apparent anomalies and in conducting special investigations and responding to management queries;
Assist with projects surrounding anti-money laundering (AML) initiatives;
Understand and adheres to both the letter and the spirit of all laws, regulations and regulatory guidance that apply to the role.
Job Requirement:
3-10 years relevant experience required.
Knowledge of Transaction Monitoring and SAR filing policies and procedures.
Strong knowledge of correspondent banking required. The candidate must have extensive experience reviewing activity and drafting SARs specifically in the area of correspondent banking.
Sound understanding of due diligence, risk identification and mitigation.
Demonstrated strong analytical (judgement) and high attention to detail.
Excellent written and oral formats, including presentations to audiences ranging from Senior Management, Regulators, Auditors to Analysts as evidenced by the ability to concisely and meaningfully explain and support research conclusions, both in written and verbal formats.
Excellent organization and prioritization skills.
Proficient in MS excel (sort, pivot tables
Manager Remarks:
Team Size: 35 full time consultants- looking for 6 contractors
SAR team within legal and compliance
Direct SAR writing experience for 3+ years
Initial SAR writing position and 90 follow up SAR writing position
Can be promoted to SAR QA
Needs correspondent banking, transaction monitoring
Working for an Asian bank is a plus- most of the consultants aren’t Mandarin speaking so it’s not required but it always nice
Straight to in person interviews- Manager is very motivated to hire.