Anti Money Laundering Analyst Job Description (2023)

Anti Money Laundering AnalystJob Description

Work closely with the areas outside of the Global AML Group that perform AML processes in connection with testing activities

Work closely with the areas outside of the Global AML Group that perform AML processes in connection with testing activities to identify emerging issues and distill thematic or systemic control issues affecting the global organization

Design and develop statistical analysis of AML processes and data points to support AML related projects and initiatives

Execute a risk-based Compliance testing process to review and assess the effectiveness of AML policies, procedures, and controls performed within the Global AML Group

Assist AML Testing Manager in the compilation of monthly AML metrics for management reporting purposes

Assist in the preparation of periodic and ad hoc AML and economic sanctions metrics reports for senior management, MS Boards and regulators, including through the evaluation and enhancement of existing metrics and supporting processes

Assist efforts to improve internal processes related to AML

Be involved in anti-money laundering (AML) and counter terrorist financing (CTF) client assignments or projects (including processes and policy review, assessment or improvement)

Constantly review and evaluate firm’s AML policies and procedures

Design and review other reports that risk/AML could use to review activity

Monitor, review and as necessary, react to client, account, broker, branch and firm transactional activity

Follow-up, review, and/or investigate ‘unusual activity’ that is sent to the AML team

Participate in succession planning for AML responsibilities

Serve as the firm’s AML liaison or representative

Daily review and analysis of surveillance items flagged as potentially suspicious transactions or exceptions

Assisting in the investigation, drafting and filing of Suspicious Activity Reports

Our company is hiring for an anti money laundering analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.

Responsibilities for anti money laundering analyst

• Communicate test results and Program gaps to the Business Units and AML coverage areas
• Perform operational procedures relating to AML
• Assist on anti money laundering (AML) project for new business
• Assist team lead on various AML take on projects
• Perform AML due diligence checks on customer accounts using research tools and external data sources
• Join KYC/AML file review and remediation programs for international private banks, insurances, corporates, management companies and transfer agents
• Be involved in banking, Insurance and Investment Funds processes including customer/investor account opening, distribution model, monitoring of suspicious transactions, etc…
• Creating and maintaining appropriate files which will be reviewed by AML supervisory staff internal, external and regulatory examiners during annual audits and examinations
• Constantly reviews and evaluates firm’s AML policies and procedures
• Designs and reviews other reports that risk/AML could use to review activity

Qualifications for anti money laundering analyst

• At least 3-5 years’ experience working for a U.S. broker-dealer
• Present identified issues to the Business and work with the Business Units to develop and implement a plan of corrective action, and prepare written reports
• Maintain detailed and organized documentation of testing plans and other work products
• Process Improvement certification preferred
• Provide analytical support to the development and implementation of the department’s business strategy
• Develop expertise in Chase Commerce Solution’s products, services and clients

Our company is growing rapidly and is searching for experienced candidates for the position of anti money laundering analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.

Responsibilities for anti money laundering analyst

• Follow-up, reviews, and/or investigates ‘unusual activity’ that is sent to the AML team
• Participates in succession planning for AML responsibilities
• Serves as the firm’s AML liaison or representative
• In consultation with AML supervisory staff provides feedback in the development of strategies to alleviate operational issues and ensures compliance within the area of responsibility
• Escalates more complex problems and critical issues as referred to the Investor AML Operations team, those received from other internal and/or related external parties
• Assist in executing key projects and initiatives related to assessing and mitigating the Firm’s exposure to AML and reputational risk-relevant activities
• Perform risk-relevant matters associated with prospective clients identified by the First Line Unit during Client Due Diligence (CDD) and Enhanced Due Diligence (EDD) processes, including Periodic Review to ensure continued knowledge of the existing client base and any material changes to client information
• Actively identify, measure, control and remediate AML and Operational Risk issues with partners in Global Financial Crimes, Compliance and the Business Unit
• Partner with the Business Unit to ensure appropriate adherence to client due diligence processes while providing a positive client experience
• Collaborate with Global Financial Crimes to ensure the BSA/AML program operates effectively and continue to comply with industry regulations and expectations

Qualifications for anti money laundering analyst

• Degree in Statistics, Mathematics, Decision Sciences, Econometrics, MIS, or Business with some background in statistics
• Knowledge of banking product and service offerings
• Experience with data mining tools (e.g., Business Objects, SAS Enterprise Miner, Hyperion) and statistical tools (e.g., SAS, STATA, SPSS) and applying them to business decisions
• Excellent relationship management and communication skills, including the ability to communicate complex quantitative information at levels suitable for a broader business audience
• Have excellent interpersonal skills and ability to work effectively with colleagues across regions and Business Units and the ability to present complex and sensitive issues to senior management
• Degree in finance, economics, physics, financial engineering, mathematics, statistics, , or another quantitative discipline

Our company is growing rapidly and is searching for experienced candidates for the position of anti money laundering analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.

Responsibilities for anti money laundering analyst

• Assist with annual AML certifications
• Assist with review of country specific AML regulations
• Conduct daily, weekly and monthly transaction monitoring
• Conduct enhanced due diligence, including identifying politically exposed persons
• Review on-boarding investors to ensure their customer due diligence meets current regulatory requirements
• Anti money laundering review projects
• Review holder documents and identify deficiencies
• Respond to queries in a timely, accurate and professional manner within deadline
• Ability to document, report and present findings to leadership on watchlist matches and risks identified
• On-going monitoring and overview of existing database

Qualifications for anti money laundering analyst

• 2+ years bank
• Strong understanding of complex financial instruments and interbank lending
• Experience working in a middle office function of capital markets would be an asset
• Bachelor's degree with 2 years industry relevant experience OR without Bachelor's degree 4 years industry relevant experience
• Strong ability to supervise independently deliver work assignments
• Experience creating advanced processes queries using Transact-SQL

Our innovative and growing company is searching for experienced candidates for the position of anti money laundering analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.

Responsibilities for anti money laundering analyst

• Knowledge of the client KYC on-boarding process and knowledge of AML regulatory requirements is preferred but not essential
• Assist with metrics and reporting as required
• Support internal testing and audits as required
• Support the execution of international FATCA/CRS due diligence and implementation exercises on specific investment fund distributors, counterparties or clients
• Take part in Open Source Intelligence assignments (research using public records on natural or legal persons) – reputation check
• Monitors, reviews and as necessary, reacts to client, account, broker, branch and firm transactional activity
• Using our proprietary risk models, determine the risk ratings of customers at on-boarding and monitor accordingly
• Obtain and evaluate third party reports such as but not limited to financial reports, U.S. Form 990, Experian, and Guidestar
• Determine approval of customer acceptance
• Communicate decisions and / or any issues, pending or otherwise, through final approval or rejection

Qualifications for anti money laundering analyst

• Experience creating SQL Server Stored Procedures
• Minimum of five years proven functional testing and/or technical project management experience, or equivalent
• Knowledge of mainframe, client/server and/or web-based systems
• Strong leadership, interpersonal, project management, analytical, technical facilitation and verbal and written communication skills
• Minimum 3 years of experience in financial services data analysis, management reporting
• Minimum 2 years experience in compliance, audit or regulatory

Our company is hiring for an anti money laundering analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.

Responsibilities for anti money laundering analyst

• Work with Credit Analyst to determine overall risk and acceptance of customer
• Conduct research and analysis to identify suspicious activity
• Analyze customer traits, trends, behaviors and transactional activity for potential fraudulent activity including card testing
• Conduct monthly monitoring of customer web-sites and U.S. OFAC and other government sanction lists
• Thoroughly investigate suspicious activity to eliminate false positives
• Publish appropriate internal and external reports of suspicious activity
• Provides feedback in the development of strategies to alleviate operational issues and Ensures compliance within the area of responsibility
• Act as on-shore investigator and liaison in investigation and reporting management between Financial Crime Compliance teams and other stakeholders, including off-shore review teams
• Help in developing appropriate metrics and reporting for consumption by business and senior management in Compliance
• Assist in the development of an investigation and enhanced due diligence function in Australia

Qualifications for anti money laundering analyst

• Knowledge of underwriting system (ALSCOM), XAM host system, and other software/systems used by the Bank and Indirect Lending
• Strong knowledge of and experience with MS Office products including, Excel, Word, and Power Point, and Sharepoint
• Knowledge of indirect lending procedures and industry a plus
• AML Program Knowledge
• Associates or Bachelor’s degree Working knowledge and understanding of OFAC, BSA/AML, and USA PATRIOT Act and risk management principles
• This position has a reporting relationship directly to the Quality Assurance Manager