Note: The job is a remote job and is open to candidates in USA. TekStaff IT Solutions is recruiting for a client seeking an AML Analyst I. The role monitors and investigates financial transactions for suspicious activity, supports AML regulatory compliance, performs customer due diligence, prepares reports, and collaborates with compliance and law enforcement teams.
Responsibilities
- 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
- Compliance: Ensuring compliance with AML regulations and policies
- Reporting: Reporting findings to regulatory authorities when necessary
- Preparing and filing Suspicious Activity Reports (SARs)
- Due Diligence: Conducting customer due diligence (CDD) and Know Your Customer (KYC) checks
- Documentation: Creating and maintaining records of investigation activities and findings; gathering and analyzing documents to assist in identifying suspicious transaction patterns
- Training: Participating in and leading AML compliance training
- Staying Updated: Staying informed about emerging threats and trends in financial crime
- Collaboration: 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
Skills
- 1.) 0-2 years of experience within a Business Analyst role (internship or co-op considered as experience)
- 2.) Basic computer skills – Microsoft Windows etc
- 3.) Must have completed a High School Diploma or GED
- 1.) Excellent written and verbal communication skills are needed to communicate findings and recommendations
- 2.) Strong analytical and problem-solving skills are crucial for identifying patterns and trends in financial transactions
- 3.) Careful attention to detail is necessary for accurately analyzing data and identifying suspicious activities
- 4.) Adaptability and flexibility
- 2.) AML knowledge
- 3.) Banking, Financial or Customer Service experience
Company Overview