Senior Associate, Sar Investigations

Overview

Bring your ideas. Make history.
BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the “bank of banks” - 97% of the world’s top banks work with us as we lead and serve our customers into the new era of digital.

With over 240 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.

We’re seeking a future team member for the role of Senior Associate, SAR Investigations to join our SAR Investigations team. This role is located in Lake Mary, FL or Pittsburgh, PA - HYBRID.

In this role, you’ll make an impact in the following ways:

• 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 analyzes account activity (focusing on counterfeit and fraudulent check activity, suspicious lockbox 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. Analyzes transaction data, research findings, and information received from the business and/or from the end customer or client, in order 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.
• As a seasoned professional, applies knowledge of the check-processing and lockbox products and services offered throughout the organization as well as baseline and expected activity for such products and services, both on a general and a specific account basis to effectively identify suspicious activities.
• Applies knowledge of the financial services industry and the commercial environment on a global basis in order to determine whether and why particular activity is suspicious and reportable.
• Demonstrates a thorough understanding of the reporting requirements under the Bank Secrecy Act and the USA PATRIOT Act, and a working understanding of the economic sanctions administered by the Office of Foreign Assets Control.
• No direct reports. Incumbent(s) undertake investigations that may affect the Bank's financial position or reputation.
• Findings affect the nature and magnitude of Bank client/customer/partner relationships.
• Work directly affects the achievement of team/area goals.
• Modified based upon local regulations/requirements.

To be successful in this role, we’re seeking the following

• Bachelor's degree or equivalent combination of education and work experience required.
• Graduate Degree in Law, Business, or Intelligence Studies preferred.
• 3-5 years of total work experience preferred.
• Experience working for a financial institution on AML/ KYC/ anti-fraud related projects and/or ACAMS (Association of Certified Anti-Money Laundering Specialists) certification and intelligence work in the private or public sector, is preferred.

At BNY Mellon, our inclusive culture speaks for itself. Here’s a few of our awards:

• Fortune World’s Most Admired Companies & Top 20 for Diversity and Inclusion
• Bloomberg’s Gender Equality Index (GEI)
• Best Places to Work for Disability Inclusion, Disability: IN – 100% score
• 100 Best Workplaces for Innovators, Fast Company
• Human Rights Campaign Foundation, 100% score Corporate Equality Index
• CDP’s Climate Change ‘A List’

Our Benefits:

BNY Mellon offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves that can support you and your family through moments that matter.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

Employer Description:
For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.
EEO Statement:
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.