AML/SAR Writer

$60,320 - $66,560/Yr

Mindlance - New Castle, DE

Full-time - Mid Level

New Castle, DE

Professional, Scientific, and Technical Services

About the position

The AML/SAR Writer is responsible for conducting thorough investigations of account activity to identify suspicious transactions and recommend the filing of Suspicious Activity Reports (SARs) in compliance with AML policies and procedures. This role requires a strong background in retail banking and SAR writing, as well as the ability to work independently and manage multiple cases from initiation to completion.

Responsibilities

• Conduct research over available Bank systems, the Internet, and Commercial Databases for case reviews and investigations.
• Collect and examine financial statements and documents to identify unusual transaction patterns.
• Document and report review/investigation findings and prepare case files with supporting documentation.
• Follow up with additional Points of Contact (POC) to gather more information for cases.
• Liaise with other FIU units, Advisory, Business Compliance teams, CSIS, FIU Legal, GIU, and Law Enforcement.
• Draft and file Suspicious Activity Reports (SARs) in accordance with FinCEN requirements.
• Recommend relationship retention or termination and track account closures as required.
• Interact with Senior Management on Compliance, Legal, and business sectors regarding AML issues.
• May provide direction to more junior staff.

Requirements

• Four Year College Degree or equivalent experience.
• Minimum 1 - 5 years of experience in reviewing customer transactions for suspicious activity and performing AML or fraud reviews/investigations.
• Experience in writing and preparing Suspicious Activity Reports (SARs) in accordance with regulatory requirements.
• Work experience in a financial institution with specific experience in AML.
• Knowledge of laws applicable to money laundering, including the Bank Secrecy Act and USA PATRIOT Act.
• General understanding of Senior Public Figures, Money Service Businesses, Wealth Management, and Retail Banking.
• Excellent organizational, time management, and project management skills.
• Strong research skills with experience in online search tools.
• Advanced proficiency in Microsoft Word, Excel, Access, PowerPoint, and Outlook.
• Strong attention to detail and follow-up skills.
• Strong writing, analytical, and communication skills.
• Ability to multitask and complete projects on time.
• Knowledge of AML Red Flags such as cash structuring.

Nice-to-haves

• Proficiency in a foreign language is a plus.
• CAMS certification preferred.

Benefits

• Equal Opportunity Employer commitment to diversity and inclusion.