SAR Analyst II

Los Angeles, United States

POSITION TITLE: SAR Analyst II

CORPORATE TITLE: N/A

DEPARTMENT: BSA (SAR Team)

REPORTS TO: SAR Team Lead

COMPLIANCE STATEMENT

Adheres to Bank policies and procedures and complies with all State and Federal banking regulatory requirements, including but not limited to Sarbanes-Oxley Act, Bank Secrecy Act, Anti-Money Laundering, OFAC, Customers Right to Privacy Act, Regulation D, Regulation DD/Truth in Savings, USA Patriot Act, CIP, Elder Care, Sexual Harassment, Information Security and Privacy requirements as they pertain to this position.

POSITION OVERVIEW

The SAR Analyst II is responsible for day-to-day implementation of the Bank’s case and SAR investigations, account identification, analyzing and reporting any activity believed to be associated with unusual and suspicious account activity such as potential structuring, money laundering, or terrorist financing to ensure the Bank is in compliance with the Bank Secrecy Act and USA Patriot Act.

KEY RESPONSIBILITIES

Conduct comprehensive investigations and analyses on customer activity to detect red flags relating to money laundering, tax evasion, fraud, terrorist financing, and additional financial crimes to prevent and mitigate risks posed to the financial institution.
Perform investigations in response to internal referrals related to unusual activities and interact with bank personnel as needed on related issues.
In accordance with regulatory guidelines, track time frames and ensure that regulatory filing requirements are met as required by law.
Review account-related legal documents.
Fully comply with all Bank policies and procedures as well as all regulatory requirements (e.g., Bank Secrecy Act, USA PATRIOT Act, Code of Conduct, etc.).
Complete all required training to keep banking knowledge current.
Provide support to the supervisor on special projects and assignments.

SKILLS / QUALIFICATIONS

Minimum of 4-year experience in BSA compliance or closely related functions.
Maintain high standards of confidentiality and security.
Written and oral communication skills.
Well-organized, analytical, and capable of performing multiple tasks.
Ability to prioritize and use sound judgment.

EDUCATION / EXPERIENCE

Minimum of 4 years’ experience in BSA/AML compliance
Excellent analytical, organizational, and problem-solving skills.
Strong verbal and written communication skills.
Bachelor’s Degree in related fields of business or finance or equivalent experience is preferred.
CAMS or CFE certifications preferred but not required.

NAME: __________________________________________________ DATE: ____________________

SIGNATURE: ___________________________________________

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