AML Analyst

Tata Consultancy Services; Elgin (IL); On-site; USD 55,000 - 80,000; Full time

Job summary

A leading company is seeking an AML Analyst to review alerts, conduct investigations, and ensure compliance with AML regulations. The role requires strong analytical and investigative skills to assess transaction legitimacy and document findings accurately. Employee benefits include comprehensive medical coverage and professional growth opportunities.

Benefits

Discretionary Annual Incentive

Comprehensive Medical Coverage

Family Support including maternal and parental leaves

Insurance options

Professional growth benefits

Time off: vacation, sick leave, holidays

Legal & financial assistance

Responsibilities

• Analyze AML alerts focusing on potential red flags.
• Examine recent account activity to understand transactions.
• Verify customer information against records.

Skills

Understanding of AML regulations

Strong analytical skills

Attention to detail

Investigative skills

Basic knowledge of financial products

Job description

TCS, a global leader in IT services, consulting, and business solutions, leverages technology for business transformation and helps catalyze change.

AML Analyst Key Responsibilities:

1. Reviewing alerts: Analyzing AML alerts generated in FCRM, focusing on potential red flags such as structuring, high-risk high-volume transactions, or changes in customer behavior.
2. Review the alerted activity: Examine the activity and 30 days of recent account activity, conducting research to understand the reasons behind transactions.
3. Customer profile checks: Verify customer information against records to assess transaction legitimacy and expected activity.
4. Basic investigation: Conduct initial research using internal and external data sources about transactions, involved parties, and risks.
5. Alert disposition: Decide whether to close alerts as non-suspicious or escalate for further investigation.
6. Documentation: Record findings and decisions in the specified format within FCRM.
7. Compliance adherence: Ensure reviews comply with AML policies, regulations, and procedures.

Key Skills:

• Understanding of AML regulations such as BSA and OFAC sanctions.
• Strong analytical skills for pattern recognition and data analysis.
• High attention to detail in reviewing transactions and documenting findings.
• Investigative skills to gather and assess information from multiple sources.
• Basic knowledge of financial products, transactions, and red flags.

Employee Benefits Summary:

• Discretionary Annual Incentive
• Comprehensive Medical Coverage
• Family Support including maternal and parental leaves
• Insurance options like auto, home, and identity theft protection
• Professional growth benefits: commuter benefits, training reimbursement
• Time off: vacation, sick leave, holidays
• Legal & financial assistance, 401K, college fund, student loan refinancing

Salary: $55,000 - $80,000 per year