AML SAR Analyst

About the role

You will support various AML processes by performing enhanced due diligence (EDD) for higher risk customers. You will be responsible to evaluate transaction monitoring, suspicious activity investigations and reporting, and conduct evaluation of existing accounts. You will make recommendations to stakeholders to ensure critical functions are fulfilled timely and accurately.

Accountabilities

• Support with day-to-day Transaction Monitoring initiatives including, reviewing, investigating and reporting through AML expertise.
• Execution of monitoring checks on customers, transactions, and other activities to identify potential risks and comply with regulatory requirements.
• Management of issues and alerts arising from transition monitoring tests, including the investigation and resolution of each incident.
• Collaboration with teams across the bank to align and integrate Transaction Monitoring processes.
• Identification of areas for improvement and providing recommendations for change in Transaction Monitoring processes.
• Development and implementation of Transaction Monitoring procedures and controls to mitigate risks and maintain operational efficiency.
• Identification of industry trends and developments to implement best practice in Transaction Monitoring Services.
• Participation in projects and initiatives to improve Transaction Monitoring efficiency and effectiveness.

Requirements

To be successful in this role, you should have experience with:

• Credit Cards, risk & control, compliance, Bank Secrecy Act, anti-money laundering or lending
• AML capacity and knowledge of investigative techniques used in the investigation of financial crimes
• Good evaluative and problem-solving skills along with communication skills, both verbal and written
• Writing Suspicious Activity Reports: Including alert generation, working cases, writing narratives & filing reports with FINCEN

Preferred skills

• Attention to detail, understands importance of accuracy and responsiveness
• Ability to multi-task and work with contending priorities, ability to work under minimal supervision
• Proficient in Microsoft applications, goal-orientated with a commitment to continuous process improvement and quality

Location

This role is located in Whippany, NJ and Wilmington, DE.

Pay

For Whippany, NJ only. Minimum Salary: $64,000 Maximum Salary: $87,000. This position is eligible for an incentive award.

Benefits

Barclays employees are eligible for a suite of competitive and generous employee benefits, including medical, dental and vision coverage, 401(k), life insurance, and other paid leave for qualifying circumstances.

This response is AI-generated, for reference only.