AML Compliance Analyst

Barmont; United States; Remote; USD 60,000 - 85,000; Full time

Job summary

A leading financial institution is seeking an AML Compliance Analyst to ensure adherence to their comprehensive Anti-Money Laundering program. The role entails analyzing transactional data, conducting account reviews, and investigating alerts to fulfill compliance obligations. Ideal candidates will possess a Bachelor’s degree and at least two years of relevant experience, particularly in AML/BSA regulations.

Qualifications

• Minimum of two years of AML/BSA/OFAC monitoring experience.
• Experience with aggregation AML software.
• Knowledge of KYC, CIP, and Anti-Money Laundering regulations.

Responsibilities

• Ensure adherence to AML program and conduct analysis on transactional data.
• Investigate system-generated AML alerts and document findings.
• Conduct periodic member reviews to detect suspicious activity.

Skills

Analysis of transactional data

Understanding of industry norms

Knowledge of financial products

Teamwork

Education

Bachelor’s degree in business administration

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.