AML Business Analyst

The client is a banking company seeking an AML Business Analyst to support anti-money laundering and financial crime prevention activities. The role investigates suspicious transactions, conducts customer due diligence and KYC checks, prepares regulatory reports, maintains investigation records, and supports AML compliance training.

Responsibilities:

• An Anti-Money Laundering (AML) Analyst investigates and monitors financial transactions to detect and prevent money laundering, terrorist financing, and other financial crimes
• They analyze data, conduct investigations, and ensure compliance with AML regulations and policies, ultimately helping to maintain the integrity of the financial system
• Transaction Monitoring: Reviewing a wide range of financial transactions for suspicious activity. Investigation: Investigating potential cases of money laundering and other financial crimes
• Creating and maintaining case files to investigate suspicious activity
• Ensuring compliance with AML regulations and policies
• Reporting findings to regulatory authorities when necessary
• Preparing and filing Suspicious Activity Reports (SARs)
• Conducting customer due diligence (CDD) and Know Your Customer (KYC) checks
• Creating and maintaining records of investigation activities and findings; gathering and analyzing documents to assist in identifying suspicious transaction patterns
• Participating in and leading AML compliance training. Staying Updated: Staying informed about emerging threats and trends in financial crime
• Working with other teams, including law enforcement and compliance officers
• Reviewing daily transaction reports for signs of unusual or out-of-the-ordinary customer activity
• Performing periodic reviews of high-risk customers

Requirements:

• 0-2 years of experience within a Business Analyst role (internship or co-op considered as experience)
• Basic computer skills – Microsoft Windows etc
• Must have completed a High School Diploma or GED
• Excellent written and verbal communication skills are needed to communicate findings and recommendations
• Strong analytical and problem-solving skills are crucial for identifying patterns and trends in financial transactions
• Careful attention to detail is necessary for accurately analyzing data and identifying suspicious activities
• Adaptability and flexibility
• Banking, Financial or Customer Service experience