SARAML Analyst
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Job Location:
Monthly Salary:
Posted on:
3 days ago
Vacancies:
1 Vacancy
Job Summary
Overview
As a SAR/AML Analyst youll help drive Concora Credits Mission to enable customers to Do More with Credit every single day.
The impact youll have at Concora Credit:
The SAR Analyst is responsible for managing the end-to-end Suspicious Activity Report (SAR) process in accordance with regulatory requirements internal policies and partner bank obligations. Youll ensure timely accurate and well-documented SAR referrals while collaborating cross-functionally with Fraud Operations Compliance Risk and partner banks.
Youll play a critical role in regulatory compliance fraud risk mitigation and the maintenance of strong internal controls. Escalates issues or decisions demanding management attention. Identifies root causes and provides sound recommendations for remediation. Develops and implements constructive resolutions to improve compliance controls and efficiencies while balancing risk and cost. Youll be an experienced professional who has a proven track record for providing effective oversight and management of complex processes and
We hire people not positions. Thats because at Concora Credit we put people first including our customers partners and Team Members. Concora Credit is guided by a single purpose: to help non-prime customers do more with credit. Today we have helped millions of customers access credit. Our industry leadership resilience and willingness to adapt ensure we can help our partners responsibly say yes to millions more. As a company grounded in entrepreneurship were looking to expand our team and are looking for people who foster innovation strive to make an impact and want to Do More! Were an established company with over 20 years of experience but now were taking things to the next level. Were seeking someone who wants to impact the business and play a pivotal role in leading the charge for change.
Responsibilities
As our SAR/AML Analyst you will:
- Review fraud bank referrals AML alerts and suspicious activity cases to determine SAR referral requirements.
- Identify red flags related to fraud rings identity theft account takeover payment abuse and unusual/suspicious activity.
- Ensure appropriate documentation and case narratives are completed.
- Review SAR narratives ensuring they are complete clear and concise prior to bank referral.
- Ensure SARs are referred within required regulatory timeframes with all internal SLAs being met.
- Validate that all required data fields are accurate prior to submission.
- Coordinate with Compliance for review and approval as required.
- Track and monitor referral volumes to ensure no missed deadlines.
- Maintain controls around aging escalations and threshold monitoring.
- Support tracking of continuing activity SARs.
- Maintain SAR logs and reporting metrics.
- Support internal audits regulatory exams and quality assurance reviews.
- Identify trends and escalate emerging risks (e.g. fraud rings address clusters payment abuse patterns).
- Recommend enhancements to SAR work instructions reporting tracking and referral criteria.
- Maintain updated work instructions for SAR referral and referral processes.
These duties must be performed with or without reasonable accommodation.
We know experience comes in many forms and that many skills are transferable. If your experience is close to what were looking for consider applying. Diversity has made us the entrepreneurial and innovative company that we are today.
Qualifications
Requirements:
- BA/BS in Business or related field or equivalent work experience required.
- 4-6 years of experience in SAR/AML Analyst roles.
- Comprehensive understanding of SAR workflows Fraud case investigations auxiliary task handling and Fraud procedures with strong knowledge of AML/BSA regulations and requirements for identifying investigating documenting and escalating suspicious activity.
- Demonstrated subject matter/process expert and ability to effectively root cause issues recommend plans and drive task completion.
- Experience with process improvement and advanced time management skills.
- Strong oral and written communication skills.
- Able to foster collaborative working relationships and influence management at all levels.
- Intermediate or better in the use of relevant tools and the Microsoft Office product suite including Excel Word PowerPoint and Project.
- The ability to work independently or on a team.
Accountability:
Youll be directly accountable for delivering a high level of service to both internal and external customers within established timelines. This role requires the ability to work independently while ensuring accuracy and compliance minimizing errors related to SAR reviews and Fraud processes and preventing customer complaints or escalated situations.
Whats In It For You:
- Medical Dental and Vision insurance for you and your family
- Relax and recharge with Paid Time Off (PTO)
- 6 company-observed paid holidays plus 3 paid floating holidays
- 401k(after 90 days) plus employer match up to 4%
- Pet Insurance for your furry family members
- Wellness perks including onsite fitness equipment at both locations EAP and access to the Headspace App
- We invest in your future through Tuition Reimbursement
- Save on taxes with Flexible Spending Accounts
- Peace of mind with Life and AD&D Insurance
- Protect yourself with company-paid Long-Term Disability and voluntary Short-Term Disability
Concora Credit provides equal employment opportunities to all Team Members and applicants for employment and prohibits discrimination and harassment of any type without regard to race color religion age sex national origin disability status genetics protected veteran status sexual orientation gender identity or expression or any other characteristic protected by federal state or local laws.
Employment-based visa sponsorship is not available for this role.
Concora Credit is an equal opportunity employer (EEO).
Please see the Concora Credit Privacy Policy for more information on how Concora Credit processes your personal information during the recruitment process and if applicable based on your location how you can exercise your privacy rights. If you have questions about this privacy notice or need to contact us in connection with your personal data including any requests to exercise your legal rights referred to at the end of this notice please contact .
Required Experience:
IC
Key Skills
About Company
At Concora Credit, we put customers first by providing non-prime consumers access to quality credit products that are transparent and affordable.
