SAS AML 7.1 Specialist Job Description Template
The SAS AML 7.1 Specialist is responsible for implementing, managing, and enhancing SAS AML 7.1 systems. This role plays a critical part in ensuring that our financial operations are compliant with regulatory requirements by detecting and mitigating potential money laundering activities.
Responsibilities
- Implement and manage SAS AML 7.1 systems.
- Monitor and optimize AML processes to ensure compliance and efficiency.
- Analyze system performance and make necessary adjustments.
- Collaborate with compliance teams to identify risks and improve detection methods.
- Provide technical support and troubleshooting for SAS AML 7.1.
- Develop and maintain documentation for system procedures and configurations.
- Conduct regular audits and generate reports for regulatory bodies.
Qualifications
- Bachelor's degree in Computer Science, Information Technology, or related field.
- Strong experience with SAS AML 7.1.
- In-depth knowledge of financial crimes risk management and compliance regulations.
- Excellent problem-solving and analytical skills.
- Effective communication skills for liaising with compliance and technical teams.
- Ability to work under pressure and manage multiple tasks simultaneously.
Skills
- SAS AML 7.1
- SQL
- Data analysis
- Financial regulatory compliance
- Risk management
- Troubleshooting
- Technical documentation
Frequently Asked Questions
A SAS AML 7.1 Specialist is responsible for implementing and managing anti-money laundering software solutions using SAS AML 7.1. They develop compliance models, monitor financial transactions, and ensure organizations adhere to regulatory standards. Their role involves data analysis, risk assessment, and generating reports for suspicious activities detections to prevent illegal transactions.
To become a SAS AML 7.1 Specialist, candidates typically need a background in finance, IT, or data analytics. Acquiring a degree in related fields is beneficial. Additionally, gaining experience with SAS tools and obtaining SAS certifications tailored for AML can enhance one's qualifications. Practical experience in compliance environments and understanding regulatory requirements are also crucial.
The average salary for a SAS AML 7.1 Specialist varies depending on the location, experience, and specific industry. Generally, compensation can range from competitive entry-level wages to higher salaries for those with considerable experience and SAS expertise. Additional certifications and advanced skills in regulatory compliance can further influence earning potential significantly.
Qualifications for a SAS AML 7.1 Specialist typically include a bachelor's degree in information technology, finance, or a related field. Expertise in SAS software, especially the AML module, is essential. Relevant certifications in SAS and AML practices, as well as experience in regulatory compliance and risk management, are beneficial and preferred by employers.
A SAS AML 7.1 Specialist needs proficiency in SAS programming, data analytics, and understanding of KYC norms. They must possess strong analytical skills to monitor and report financial activities. Responsibilities include maintaining AML models, ensuring regulatory compliance, analyzing transaction data for potential money laundering risks, and collaborating with compliance teams to mitigate fraudulent activities.