AML Business Analyst
TekStaff's Client has a current vacancy for a AML Business Analyst Job Description This is a 4 months contract located in USA/Remote (must be able to work within EST). AML Business Analyst 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.
Key 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. MUST-HAVE Hard 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 TekStaff may use artificial intelligence (AI) tools as part of the applicant screening process. However, applications will also be reviewed by a member of our Recruitment team to ensure a fair and thorough assessment.