AML Alert Analyst

Role Overview

This position involves conducting thorough investigations and analyses of suspicious financial activities, documenting findings accurately and preparing Suspicious Activity Reports (SARs). The role requires continuous monitoring through SAR continuation reviews and managing communication with regulatory bodies.

Key Duties

• Investigate, analyze, and document suspicious activities and incidents.
• Prepare and manage submission of Suspicious Activity Reports (SARs).
• Conduct ongoing reviews and monitoring related to SAR continuations.
• Track and follow up on FinCEN acknowledgments and respond to inquiries or rejections.
• Generate both statistical and qualitative reports on compliance and investigations.
• Maintain records such as the “No SAR” filing log to ensure documentation completeness.
• Monitor and address outstanding Requests for Information (RFIs) promptly.
• Support investigation and review of 314(a) and 314(b) notifications as well as subpoena requests.
• Stay updated on FinCEN communications, regulatory changes, interpretations, and filing obligations.
• Provide training and guidance to front-line business teams on compliance protocols.