AML Business Analyst
United States of America
Contract
6 days ago
$28 - $40 USD
No H1B
Key skills
Communication
About this role
Global Technical Talent is an Inc. 5000 Company specializing in staffing solutions. They are seeking an AML Business Analyst to investigate and monitor financial transactions for compliance with AML regulations, focusing on name screening and case management within a newly established team.
Responsibilities:
- Review a wide range of financial transactions for suspicious activity
- Investigate potential cases of money laundering and other financial crimes
- Create and maintain case files to investigate suspicious activity
- Ensure compliance with AML regulations and policies
- Report findings to regulatory authorities when necessary
- Prepare and file Suspicious Activity Reports (SARs)
- Conduct customer due diligence (CDD) and Know Your Customer (KYC) checks
- Create and maintain records of investigation activities and findings; gather and analyze documents to assist in identifying suspicious transaction patterns
- Participate in and lead AML compliance training
- Stay informed about emerging threats and trends in financial crime
- Work with other teams, including law enforcement and compliance officers
- Review daily transaction reports for signs of unusual or out-of-the-ordinary customer activity
- Perform periodic reviews of high-risk customers
- Screen watchlists using name, location, and date of birth to identify potential matches
- Escalate matches to level-one investigators based on scoring matrix results
- Handle PEP alerts and potentially assist MSB (Money Services Business) or adverse media screening if needed
Requirements:
- High School Diploma or GED required
- Minimum 1 year of experience within a Business Analyst role (internship or co-op considered as experience)
- Basic computer skills – Microsoft Windows and related applications
- Excellent written and verbal communication skills to communicate findings and recommendations
- Strong analytical and problem-solving skills crucial for identifying patterns and trends in financial transactions
- Careful attention to detail necessary for accurately analyzing data and identifying suspicious activities
- Adaptability and flexibility
- MS Office knowledge
- AML knowledge
- Banking, Financial, or Customer Service experience