The AML Analyst is responsible for reviewing, analyzing, and dispositioning alerts related to potential suspicious financial activity. This role plays a key part in ensuring compliance with AML regulations by performing detailed transaction reviews, conducting preliminary investigations, and maintaining accurate documentation. The ideal candidate will have strong analytical abilities, high attention to detail, and a solid understanding of AML principles.
Key Responsibilities
1. Alert Review & Analysis
• Review AML alerts generated in FCRM, identifying potential red flags such as structuring, high-risk/high-volume transactions, unusual patterns, or significant changes in customer behavior.
• Analyze the alerted activity along with 30 days of recent account activity to determine context, identify patterns, and assess legitimacy.
2. Customer & Transaction Research
• Conduct detailed customer profile checks by validating information against internal records to understand expected account behavior.
• Perform basic investigations using internal systems and external data sources to gather background information on transactions, involved entities, and potential risk factors.
3. Alert Disposition & Escalation
• Determine the appropriate outcome for each alert:
o Close alerts deemed non-suspicious with thorough justification, or
o Escalate alerts requiring more comprehensive review to senior investigators or compliance teams.
4. Documentation & Reporting
• Document findings, analysis, and decision rationale in the required FCRM format, ensuring accuracy, completeness, and adherence to regulatory expectations.
• Maintain audit-ready records that support the investigative process and decision outcomes.
5. Compliance & Risk Management
• Ensure all reviews and decisions comply with the Bank Secrecy Act (BSA), OFAC requirements, internal AML policies, and relevant regulatory guidelines.
• Support continuous enhancement of AML processes by identifying gaps or patterns in suspicious activity.
Required Technical & Functional Skills
- Ability to perform repetitive tasks with high level of accuracy, consistency, and attention to detail.
- Demonstrate capacity to maintain focus and productivity in a fast-paced environment.
- Strong time management skills with the ability to meet or exceed established production and quality targets.
- Comfortable working in a structured process, routine workflows and sustain concentration over long periods without loss of quality.
- Foundational knowledge of AML regulations, including BSA, OFAC sanctions, and key anti-money laundering requirements.
- Analytical thinking with the ability to examine complex data sets and draw logical, well-supported conclusions.
- Exceptional attention to detail, ensuring accuracy in reviews and documentation.
- Investigative skills, with the ability to gather, verify, and interpret information from diverse sources.
- Understanding of financial products and services, including transaction types, customer behavior, and common AML red flags.
Required Qualifications & Experience
- Bachelor’s degree in Finance, Business, Economics, Criminal Justice, Accounting, or related field (or equivalent experience).
- 2–4+ years of experience in AML, fraud, compliance, banking operations, or financial services.
- Experience with case management or transaction monitoring systems (e.g., FCRM) is preferred but not required.
- Strong communication skills—written and verbal—with ability to clearly articulate findings.
- Proficiency with Microsoft Office (Excel, Word, Outlook).
Preferred Qualifications
- CAMS, CFE, or other compliance-related certification (in progress or completed).
- Prior experience in AML alert review, KYC, fraud investigation, or risk management.
- Understanding of customer due diligence (CDD) and enhanced due diligence (EDD) practices.
- Familiarity with internal bank systems, sanctions screening tools, or third-party data sources.
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