BUSINESS CASE/ JUSTIFICATION :
The number of Actimize surveillance models that are being deployed for NA compliance is expanding at a very fast pace. this expansion is being driven by new regulation (specifically dodd-frank in the near term) and by an increase in the recommendations that are the output of internal and external examinations. this expansion will also increase the alert population in actimize and it will require additional staff to investigate each occurrence to determine whether there is sufficient reason to generate a suspicious activity report.
PRINCIPLE BUSINESS RESPONSIBILITIES :
Detect, review and report on possible suspicious activities.
Review alerts generated by an automated monitoring system to identify transactions deserving of further investigation.
As necessary use available research tools to identify publicly available information concerning transactions identified for further investigation.
As necessary, contact branch and counterparties to determine fact and circumstances surrounding identified transactions.
Draft Suspicious Activity Reports, (SARs) for approval and filing
CORE ACTIVITIES COVERED :
Capital markets transactions: Equity, Fixed Income, Derivitives, F/X, Commodities.
Trade Surveillance- Compliance