The SAR (Suspicious Activity Report) Compliance Investigator will focus on meeting regulatory reporting requirements pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) and US Patriot Act. The candidate will independently conduct investigations and will be required to manage a portfolio of multiple investigations, gather evidence, interview witnesses and suspects, document findings in FCOI's case management system and comply with regulatory requirements and FCOI policies.
The Investigator will:
Have the ability to make decisions autonomously, consulting with management and Senior Investigators on more complex issues.
Gather thorough/accurate evidence on multiple case assignments including: financial profiles, tracing financial transactions, and background information on suspects using various systems and tools.
Be responsible for analyzing individual cases for closure or referral to other units
Document key data and issues related to the investigation including potential loss, status of investigations, interviews, etc.; responsible for analyzing data; making and documenting critical regulatory reporting decisions; completes accurate and timely regulatory reports.
Manage non- complex alerts and cases.
Makes SAR decision and prepares suspicious activity reports (SARs) as required.
Specialize in a single product (with multiple fraud scenarios) or a single line of business.
Identify and escalate any detected control deficiencies
Possess a basic knowledge of the regulatory guidance and requirements for investigations and SAR completion.
Come in contact with highly sensitive and confidential information.
Bachelor's degree strongly preferred and/or minimum two to three years equivalent experience in compliance or investigations
Two to three years in an investigative role or role that requires research and problem solving skills
Excellent research and analytical skills to review information and draw appropriate conclusions
Excellent written and verbal communication skills.
Proven judgment and problem-resolution skills.
Demonstrated ability to prioritize and meet deadlines in a fast paced environment
Preferred experience in filing Suspicious Activity Reports (SARs), experience in understanding of regulatory concepts including but not limited to the Bank Secrecy Act, US Patriot Act and Anti-Money Laundering.
Proficient systems aptitude including working with document repositories.
Basic Forensic Skills
Basic Industry knowledge
Multi-tasking skills; Organizational skills
Issue resolution; Problem solving
Strong attention to detail and accuracy
MS Office Skills