AML Analyst - Transaction Monitoring

AML Analyst – Transaction Monitoring

We are seeking an AML analyst to support the OSL Pay Anti‑Money Laundering and Counter‑Terrorist Financing (AML / CFT) framework by performing day‑to‑day monitoring, investigation, and reporting of potentially suspicious activities.

Working within the AML team and under the supervision of the MLRO, the AML Analyst ensures that all crypto‑asset transactions and customer relationships comply with applicable laws, EU regulations (including MiCA and AMLD5 / 6), and internal procedures.

Responsibilities

Transaction Monitoring

• Review and analyze alerts from the Transaction Monitoring System to detect suspicious virtual asset activities.
• Conduct investigations into potential money laundering, terrorist financing, or sanctions violations.
• Prepare and elevate Suspicious Activity Reports (SARs) to the Money Laundering Reporting Officer (MLRO) or Sanctions Officer as needed.

Screening Activities

• Screen customers, counterparties, and transactions against sanctions lists (e.g., OFAC, EU, UN), PEP lists, and adverse media.
• Investigate and resolve screening alerts, distinguishing false positives from potential risks.

Risk Assessment & Compliance

• Conduct ongoing risk assessments of clients and transactions to mitigate financial crime risks.
• Maintain records and documentation for compliance reviews and regulatory inquiries.
• Ensure adherence to Lithuanian AML laws, EU AML Directives, FATF guidelines, and internal policies.

Process Improvement & Collaboration

• Suggest enhancements to systems and processes for efficiency.
• Collaborate with KYC, onboarding, and compliance teams to resolve complex cases and share insights.
• Assist in developing AML procedures and provide training to team members as needed.

Additional Duties

• Participate in ad‑hoc projects, regulatory updates, and support other AML‑related tasks as required.

Requirements

• 1‑2 years in AML, transaction monitoring, or a similar compliance role, preferably in fintech, crypto, or financial services.
• Good knowledge of EU AML / CFT regulations, FATF guidelines, and international sanctions frameworks.
• Good knowledge of Italian AML / CFT regulations (d. lgs. 231 / 07, d. lgs. 109 / 07, Bank of Italy and UIF Provisions).
• Experience in submitting STRs on the Italian FIU web platform is a must (Infostat - UIF).
• Experience with AML / KYC tools (e.g., Actimize, Chainalysis, World‑Check, Dow Jones).
• Understanding of Italian AML regulations, EU AML Directives, FATF recommendations, and international sanctions frameworks.
• Familiarity with high‑risk industries such as virtual assets, gaming, or e‑commerce is a plus.
• Knowledge of virtual asset‑specific risks (e.g., cryptocurrency laundering, wallet tracing) is highly desirable.
• Bachelor’s degree in Law, Finance, Business, or a related field.
• Relevant certifications (e.g., CAMS, ICA Diploma in AML, or equivalent).
• Excellent written and verbal communication skills, fluent in English and Italian.