SAR AML Analyst

ALTA IT Services is a wholly owned subsidiary of System One, a leading provider of specialized workforce solutions and integrated services. ALTA is an established leader in IT Staffing and Services, for both government and commercial enterprises across the United States, specializing in Program & Project Management, Application Development, Cybersecurity, Data & Advanced Analytics, and Agile Transformation Services.

SAR Analyst
Contract
Hybrid in Vienna, VA
Pay: 30-35/hr W2

Description

• Perform research and analysis client’s account activity to identify red flags and suspicious activity.

• Create and maintain Suspicious Activity Reports (SARs).

• Maintain knowledge of BSA/AML history, regulations, and industry guidance.

• Support Business Units staff, particularly Branch and Contact Center, in complying with established BSA/AML policies and procedures.

• To support day-to-day Office of Foreign Assets Control (OFAC) operations, compliance analyses and projects across the enterprise in compliance with client’s BSA/AML & OFAC Compliance Program.

• To respond to ad-hoc OFAC related queries and provide subject matter expertise to partner business units when applicable.

• Maintain knowledge of OFAC history, regulations, and industry guidance.

• To perform research and analysis of Navy Federal Account activity related to suspicious transactions and identify red flags.

• Create and maintain Suspicious Activity Reports (SARs) associated with suspicious account activity requiring more complex research or in- depth investigation. Identify, review, and report suspicious activity and risk exposure across various delivery channels. Ensure adherence to applicable federal and state laws, rules and regulations.

Responsibilities

• Investigate various types of transactions/activities/cases (Anti-Money Laundering, Structuring) including reported or alleged loss of assets from various business channels

• Collect evidence and related documentation via available systems and methods; ensure chain of evidence/documentation is maintained in accordance with federal and state laws, rules, and regulations

• Research public record databases to identify, analyze and verify information related to investigations, discrepancies associated with information provided, and assess potential risk

• Compile, prepare and maintain data for analysis and reference

• Create detailed reports of investigations to include actions taken and results, including completing Suspicious Activity Reports (SARs) when appropriate

• Assist junior level teammates with evaluating, preparing and completing Currency Transaction Reports (CTRs), as required

• Recommend enhancements to BSA/AML and/or OFAC rules and models

• Monitor timeline from identification/notification of BSA/AML activity to closure, ensuring service level agreements and regulatory requirements are met

• Support projects related to sanctions, AML detection, prevention or root cause analysis

• Perform ad-hoc analyses/scanning against OFAC/other lists when necessary

• Make recommendations to supervision regarding rejecting or blocking of funds

• Maintain required documentation for NCUA, Internal Audit and government law enforcement agencies

• Complete required training as directed by policy/supervision

Qualifications

• Familiarity with applicable federal and state laws, rules and regulations (e.g., Bank Secrecy Act, USA Patriot Act, and OFAC regulations)

• Familiarity with money-laundering trends and threats

• Exposure to working with all levels of staff, management, stakeholders, vendors

• Ability to maintain confidentiality and demonstrate integrity

• Desired - Experience in the field of anti-money laundering and/or risk management

• Desired - Fraud or AML

Certifications:

Certified Fraud Examiner, Certified Anti Money Laundering Specialist, etc.

#M2
#LI-EL1
#DI-EB1

: #850-Rockville (ALTA IT) #J-18808-Ljbffr