AML Operations Analyst
Posted 1 week ago by 1757428798
Negotiable
Outside
Remote
USA
Summary: The AML Operations Analyst is responsible for identifying, investigating, and reporting suspicious financial activities to ensure compliance with Anti-Money Laundering regulations. This role is crucial in preventing financial crimes such as money laundering and fraud. The analyst will conduct due diligence, monitor transactions, and collaborate with various teams to uphold compliance standards. Additionally, the position involves staying updated on relevant laws and participating in AML-related projects.
Key Responsibilities:
- Conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for new and existing clients.
- Monitor and analyze financial transactions to detect suspicious patterns or activities.
- Review alerts generated by AML systems (e.g., OFAC, PEP, Watchlist) and escalate as needed.
- Prepare and file Suspicious Activity Reports (SARs) in accordance with regulatory requirements.
- Assist in the development and implementation of AML policies, procedures, and training programs.
- Collaborate with internal teams and external regulatory bodies to resolve compliance issues.
- Maintain accurate documentation of investigations and findings.
- Stay updated on AML laws, regulations (e.g., BSA, USA PATRIOT Act), and industry best practices.
- Support audits and regulatory reviews by providing necessary documentation and insights.
- Participate in AML-related projects and system enhancements.
Key Skills:
- Strong understanding of Anti-Money Laundering regulations and compliance requirements.
- Experience in conducting Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD).
- Proficiency in monitoring and analyzing financial transactions.
- Ability to prepare and file Suspicious Activity Reports (SARs).
- Excellent documentation and reporting skills.
- Strong analytical and problem-solving abilities.
- Effective communication and collaboration skills.
- Knowledge of AML systems and tools.
- Familiarity with relevant laws and regulations (e.g., BSA, USA PATRIOT Act).
- Experience in project participation and system enhancements.
Salary (Rate): undetermined
City: undetermined
Country: USA
Working Arrangements: remote
IR35 Status: outside IR35
Seniority Level: undetermined
Industry: Other
Job Summary:
The AML Operations Analyst plays a critical role in identifying, investigating, and reporting suspicious financial activities to ensure compliance with Anti-Money Laundering (AML) regulations. This position supports the organization's efforts to prevent financial crimes such as money laundering, terrorist financing, and fraud.
Key Responsibilities:
Conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for new and existing clients.
Monitor and analyze financial transactions to detect suspicious patterns or activities.
Review alerts generated by AML systems (e.g., OFAC, PEP, Watchlist) and escalate as needed.
Prepare and file Suspicious Activity Reports (SARs) in accordance with regulatory requirements.
Assist in the development and implementation of AML policies, procedures, and training programs.
Collaborate with internal teams and external regulatory bodies to resolve compliance issues.
Maintain accurate documentation of investigations and findings.
Stay updated on AML laws, regulations (e.g., BSA, USA PATRIOT Act), and industry best practices.
Support audits and regulatory reviews by providing necessary documentation and insights.
Participate in AML-related projects and system enhancements.