AML Compliance Analyst

Smart Justice California; United States; Remote; USD 70,000 - 90,000; Full time

Job summary

A leading organization in the financial sector is seeking an AML Compliance Analyst to ensure adherence to regulatory compliance through detailed analysis of transactional data. The role involves documenting suspicious activities and conducting periodic reviews to maintain compliance with AML/BSA regulations. Ideal candidates will possess a Bachelor’s degree and a minimum of two years of relevant experience.

Qualifications

• Minimum of two (2) years of experience in AML/BSA/OFAC monitoring.
• Knowledge of financial products and services.
• Strong understanding of KYC, CIP, and Anti-Money Laundering regulations.

Responsibilities

• Ensure adherence to AML and BSA regulations.
• Analyze transactional data for irregular activity.
• Conduct periodic account reviews and investigations.

Skills

Regulatory compliance knowledge

Analytical skills

Team collaboration

Education

Bachelor's degree in business administration or equivalent

Job description

The AML Compliance Analyst ensures adherence to the credit union's Bank Secrecy Act/Anti-Money Laundering program. Performs analysis on transactional data to make determinations of irregular activity through understanding of industry norms, historical member activity and regulatory definitions of suspicious activity. Conducts periodic account/member reviews to detect potentially suspicious activity while documenting steps taken through the investigation process within the centralized case management system. Identify anomalies as they relate to AML initiatives, AML/BSA regulations, and industry best practices, escalates findings to AML management. Investigates system generated AML alerts to determine regulatory filing requirements for suspicious activity or large cash transactions through internal transactions, business unit follow-up and where necessary, information sharing (314b) requests with other financial institutions. Completes any other job-related duties needed to help drive to our Vision, fulfill our Purpose, and abide by our Organization’s Values.

Bachelor’s degree in business administration or equivalent education and/or experience. Minimum of two (2) years of AML/BSA/OFAC monitoring and filings with an aggregation AML software experience. Knowledge of financial products and services. Sound knowledge of regulations as applied to KYC, CIP, Anti-Money Laundering, and the Bank Secrecy Act requirements with emphasis on transaction monitoring. Strong understanding of financial crimes and common money laundering typologies. Ability to work effectively as part of a team and independently, as necessary.