Fraud SAR Analyst - HYBRID - Dallas, TX at Santander

Harrisburg, Pennsylvania, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Bachelor's Degree or equivalent work experience in Economic Crimes, Criminal Justice, or equivalent - Required
Master's Degree in Economic Crimes, Criminal Justice, or equivalent - Preferred
Other equivalent combination of education and experience may be substituted in lieu of degree - Required
0+ Years Financial Services Industry experience - Required
0+ Years Law Enforcement experience - Preferred
Foundational knowledge of AML (Anti Money Laundering), with strong emphasis on Fraud (SAR regulations and other AML systems and processes)
Robust knowledge and understanding of AML/BSA/OFAC legal and regulatory matters affecting the compliance program
Strong analytical skills
Strong written and verbal communication skills
Strong Microsoft Office skills – specifically Excel and PowerPoint
Strong PC skills including Excel, PowerPoint, and Process Flow Creation
Highly organized with strong organizational and time management skills
Deadline driven to ensure compliance with applicable SLAs related to productivity, quality, and timeliness
Ability to gather and process statistical data to forecast team workflow requirements
Ability to maintain attention to detail and accuracy under pressure
Strong analytical and problem-solving skills
Motivated, team-oriented, with the ability to work independently
Banking or financial services experience
Criminal justice degree or Law Enforcement experience
Able to work 3 days a week in office - Dallas, TX
Established work history or equivalent demonstrated through a combination of work experience, training

Responsibilities

Review and/or investigate referrals from Fraud for potential fraud and unusual activity to determine whether the activity may qualify for SAR filing, documenting the outcomes and conclusions in a clear and concise manner
Formulate SARs that meet internal and all regulatory standards
Monitor, track, and identify suspicious activities and potential fraud trends through various systems/applications
Make de-market recommendations of clients that may present heightened risk
Monitor for and escalate issues to management
Keep abreast of Fraud trends and AML/BSA/OFAC legal and regulatory matters
Work on projects and ancillary duties as assigned or requested

Skills

AML

SAR

Fraud Investigation

Excel

PowerPoint

Microsoft Office

Santander

Provides banking, investment, and insurance services

About Santander

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Boston, MassachusettsHeadquarters

1902Year Founded

$75MTotal Funding

POST_IPO_DEBTCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

Risks

ISO 20022 transition may challenge smaller business partners.

'Quishing' attacks pose a growing threat to consumer security.

Openbank faces competition in the U.S. high-yield savings market.

Differentiation

Santander's Openbank offers a 5.00% APY high-yield savings account nationwide.

The bank's Inclusive Communities Plan pledges $13.6 billion for community initiatives.

Santander's ISO 20022 adoption enhances operational efficiency and data management.

Upsides

Openbank's high-yield savings account attracts more U.S. customers.

Santander's renewable energy financing highlights commitment to sustainable investments.

Proactive cybersecurity measures enhance customer trust and protect digital assets.

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