Anti-Money Laundering Analyst

Swoon; Chicago (IL); Hybrid; USD 70,000 - 95,000; Part time

Job summary

Swoon is seeking an AML Analyst in Chicago to support the U.S. Commercial KYC team. You will help onboarding, updating customer records, and conducting annual reviews to meet BSA/AML/KYC standards.

You will work with Commercial Banking, Treasury/Payment Solutions, and AML compliance teams to review documentation, perform due diligence, and maintain accurate records in AML/KYC systems.

Responsibilities

• Onboard new customers and update KYC records.
• Perform periodic KYC reviews and due diligence checks.
• Validate AML/KYC information and maintain documentation.
• Collaborate with Commercial Banking, Treasury/Payment Solutions, and AML teams.
• Escalate high-risk indicators and ensure timely escalation.

Job description

Location: Downtown Chicago, IL Hybrid | 4 days onsite per week

Schedule: Monday-Friday, 9:00 AM-5:00 PM

Employment Type: 6-Month Contract with potential to extend/convert

About the Role

We are seeking an AML Analyst to support a U.S. Commercial Know Your Customer (KYC) team. This role will support Commercial Banking and Treasury/Payment Solutions teams in meeting Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Know Your Customer (KYC) requirements.

The AML Analyst will be responsible for onboarding new customers, updating existing customer records, completing annual reviews, conducting due diligence, assessing AML risk, and ensuring required KYC documentation is accurate and complete. This position will work closely with Commercial Banking, Treasury/Payment Solutions, and AML compliance teams.

Key Responsibilities

• Support new customer onboarding, existing customer updates, and annual KYC reviews.
• Gather, validate, and document required customer AML/KYC information.
• Enter and maintain customer information within AML/KYC systems of record.
• Review deal files, internal systems, third-party websites, and supporting documentation to complete due diligence.
• Complete and maintain KYC checklists and related customer documentation.
• Review customer information for potential AML, sanctions, OFAC, or high-risk indicators.
• Partner with internal OFAC and AML High Risk teams to review and resolve potential matches or elevated-risk customers.
• Identify and escalates high-risk triggers or compliance concerns to the appropriate teams.
• Work directly with Commercial Banking relationship managers and Treasury/Payment Solutions teams to obtain required information and approvals.
• Ensure required AML/KYC reviews are completed before deals, loans, or account openings proceed.
• Serve as a primary point of contact for AML/KYC processing status for assigned business areas.
• Maintain accurate electronic records and supporting documentation, including KYC checklists, OFAC results, client identification records, and third-party research.
• Manage multiple AML/KYC requests simultaneously while meeting established deadlines and service expectations.
• Conduct peer quality assurance reviews of completed KYC checklists and annual reviews for completeness, accuracy, and adherence to procedures.
• Troubleshoot AML/KYC issues and partner with internal teams to drive timely resolution.
• Maintain current knowledge of AML, BSA, KYC, and banking regulatory requirements.