Financial Crimes Compliance Analyst

Nichols College; Dudley (MA); On-site; USD 70,000 - 100,000; Full time

Job summary

Nichols College is seeking a Financial Crimes Compliance Analyst to support the compliance team by monitoring alerts, reviewing activities, and analyzing patterns related to AML and CTF. The role involves investigating alerts from transaction monitoring systems, performing client due diligence, and preparing SARs with thorough documentation for senior staff and regulators.

You will coordinate with IT for system tuning, stay current on AML regulations, and participate in ongoing training to

Qualifications

• Investigate alerts from transaction monitoring systems.
• Analyze client transactional behavior against norms.
• Conduct due diligence to ascertain legitimacy.
• Prepare SARs and document findings clearly.
• Coordinate with other departments on CDD/EDD.
• Maintain understanding of AML regulations and apply day-to-day.
• Participate in regulatory training and best practices.

Responsibilities

• Investigate alerts from transaction monitoring systems and identify suspicious activity.
• Analyze client transactional behavior against expected norms and investigate inconsistencies.
• Follow up on flagged transactions and perform due diligence to ascertain legitimacy.
• Participate in case review and SAR writing.
• Document findings clearly for review by senior staff or regulators.
• Coordinate with other departments for CDD/EDD information.
• Stay updated on AML regulations and apply them in daily operations.
• Collaborate with technology teams to fine-tune monitoring systems.

Skills

AML/CTF compliance

Transaction monitoring

Due diligence

SAR writing

Regulatory knowledge

Analytical skills

Documentation

Tools

Transaction monitoring systems

Job description

The Financial Crimes Compliance Analyst will become a key member of the compliance team, focusing on protecting the integrity of the financial system by monitoring, reviewing, and analyzing alerts for potential money laundering activities. The analyst will be instrumental in ensuring that our firm adheres to all applicable laws, regulations, and guidelines related to anti-money laundering (AML) and counter-terrorist financing (CTF).

• Conduct thorough investigations on alerts generated from transaction monitoring systems to identify unusual patterns or suspicious activity.
• Analyze client transactional behavior against expected norms and investigate inconsistencies.
• Follow up on flagged transactions and conduct due diligence to ascertain their legitimacy.
• Participate in case review and SAR writing.
• Document findings in a clear and concise manner for review by senior compliance staff or regulatory bodies as needed.
• Coordinate with other departments to collect necessary information pertaining to customer due diligence (CDD) and enhanced due diligence (EDD).
• Maintain a current understanding of AML regulations and be able to apply them effectively in day-to-day operations.
• Participate in regular training sessions to stay updated with new regulatory requirements and best practices in AML compliance.
• Work closely with the technology team to fine-tune transaction monitoring systems for optimal performance.