Position Summary:
Community Federal Savings Bank (CFSB), located in New York City, is seeking a highly skilled and detail-oriented Associate to join the Continuous Activity Report (CAR) team within our Financial Intelligence Unit (FIU) in the Compliance department. CFSB offers a full range of banking services including ACH settlement services, pre-paid card issuance, and retail banking. In addition to serving our general customer base, we also service various types of money service businesses and FinTech companies.
This individual will be primarily responsible for conducting supplemental reviews of previously filed Suspicious Activity Reports (SARs) and determining whether continuing suspicious activity warrants the filing of a Continuing Activity Report. In accordance with FinCEN guidance, the Associate will manage the recurring 90-day review cycle for subjects with prior SAR filings, ensuring timely and accurate evaluation of ongoing activity, sound documentation of filing decisions, and adherence to regulatory requirements. They will adhere to performance and quality expectations, while maintaining high standards for FIU investigations and reporting.
The role is fully remote in 22 select states or hybrid for those located in the NYC Metro area.
Key Responsibilities:
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Conduct supplemental reviews of subjects with prior SAR filings to assess whether suspicious activity has continued, ceased, or escalated, and determine whether a Continuing Activity Report (CAR) should be filed.
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Manage the recurring 90-day continuing-review cycle, proactively tracking review due dates to ensure all FinCEN timing requirements and internal SLAs are met.
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Prepare CARs and supporting case narratives, ensuring the accuracy and clarity of case summaries, the linkage to prior SAR filings, investigation findings, and recommended actions.
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Document filing and no-file decisions with clear, well-supported rationale that withstands regulatory and audit scrutiny.
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Proactively manage case management inventory to ensure all SLAs and review deadlines are adhered to.
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Support the development and enhancement of procedures, guidelines, and workflows related to continuing-activity reviews and supplemental SAR reporting.
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Identify trends across continuing-activity cases, working with leadership to develop strategies for addressing systemic issues, recurring typologies, or control gaps.
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Collaborate and proactively propose efficiency ideas with open and transparent communication.
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Stay updated on regulatory changes and AML/BSA typologies, ensuring continuing-activity review processes remain aligned with evolving compliance requirements.
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Participate in special projects and initiatives to enhance the CAR review and filing process, strengthen related controls, and address other FIU priorities as needed.
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Adapt to evolving priorities in a dynamic regulatory and operational environment.
Knowledge, Skills, and Abilities:
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Strong knowledge of AML/BSA detection, investigation, and reporting processes, including SAR and continuing/supplemental SAR filing requirements and FinCEN guidance on continuing activity.
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The ability to assess whether previously reported activity is ongoing, evaluate associated risk, and reach sound, well-documented filing determinations.
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Strong attention to detail and the ability to manage a high-volume, deadline-driven review pipeline without compromising quality.
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Proficient in Microsoft Office Suite (Word, Excel, PowerPoint) or related software.
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Strong analytical, organizational, and problem-solving skills.
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Excellent verbal and written communication skills, with the ability to write clear and defensible case narratives.
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Ability to work both independently and collaboratively in a team environment.
Education, Training, and Experience:
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Bachelor's degree in Business, Finance, Risk Management, Compliance, or related field; or equivalent work experience.
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Minimum of 3 years of experience in Compliance, Audit, or Internal Controls, with direct SAR investigation and/or filing experience strongly preferred.
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Strong Financial Crimes and AML/BSA regulatory knowledge, including familiarity with SAR continuing-activity review requirements.
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Understanding of Bank Operations, Payments Services, and the overall financial services ecosystem. Experience with correspondent banking is strongly preferred; former experience working with fintech partnerships is helpful.
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Professional certification (e.g., CAMS, CFE) is a plus.
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Experience with financial services industry risks, fraud typologies, and regulations, including familiarity with fintech partnerships and payment systems.
About Community Federal Savings Bank (CFSB)
Community Federal Savings Bank (CFSB) is a federally chartered bank founded in 2001 and headquartered in New York City. CFSB has focused on providing superior service and added value to clients though a solid understanding of relationship banking. We offer a full range of services, including loans, bill payments, card services, internet banking, and merchant processing.
We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes.
