Senior Process Associate

Guidehouse

3 - 7 years

3 - 7 Lacs

chennai tamil nadu india

Posted:1 day ago| Platform: Foundit logo

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Skills Required

risk assessment internet research staffing regulatory compliance

Work Mode

On-site

Job Type

Full Time

Job Description

Investigates suspicious activity as required under the Bank Secrecy Act and USA PATRIOT Act, focusing on counterfeit and fraudulent check activity, suspicious lockbox activity, and related AML/BSA issues.
Responsible for the drafting of Suspicious Activity Reports (SARs), documenting decisions not to file SARs, and editing colleagues SAR submissions.
Researches and analyses account activity (focusing on counterfeit and fraudulent check activity, and related AML/BSA issues), including open source information (e.g., Internet and Lexis), closed source databases, and internal client information and account transaction databases.
Compiles information and documents from a variety of sources to draft SAR reports. Analyses transaction data, research findings, and information received from the business and/or from the end customer or client, to ascertain whether transaction activity is suspicious or has a reasonable explanation, and/or whether fraud is suspected.
Looks for linkages across suspicious activities, assessing whether the activity is isolated or part of a larger issue.
Identifies and resolves discrepant information.
Synthesizes large volumes of data which defines the baseline against which suspicious or reportable instances will be tested.
Evaluates and reports on findings to management or senior colleagues.
Effectively communicates and interacts with our check-processing and lockbox lines of business, compliance, risk, and other shared services functions internally.
Cooperates effectively with other lines of business or risk/compliance to obtain additional information or documentation relevant to assessing whether activity is suspicious or fraudulent.
Collaborates with reviewing lawyers on their investigations and successfully implements and responds to recommendations/feedback.
Through regular interaction and collaboration, understands the functions of the organization s financial intelligence units and how the units work together in order to meet the organization s obligations under applicable laws and regulatory expectations.

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