AML Analyst

Basic understanding of AML regulations : Familiarity with Bank Secrecy Act (BSA), OFAC sanctions, and other relevant anti-money laundering laws.

• Analytical skills : Ability to identify patterns, analyze complex data, and draw logical conclusions from available information.
• Attention to detail : High level of accuracy when reviewing transactions and documenting findings and recommend action with detailed rationale.
• Investigative skills : Capability to gather and assess information from various sources to support decision-making
• Basic knowledge of financial products and services : Understanding different types of transactions, customer profiles, and potential red flags associated with various financial activities.
• Reviewing alerts : Analyzing AML alerts generated in FCRM, and looking for the specific AML alerts category (potential red flags) like - structuring, high-risk high-volume transaction, change in behavior, etc.
• Review the alerted activity and 30 days of recent activity on the account including appropriate research to explain why the activity is performed.
• Customer profile checks : Verifying customer information against existing records to understand the legitimacy of transactions and the customers expected activity.
• Basic investigation : Conducting initial research using internal systems and external data sources to gather information about the transaction, parties involved, and potential risks.
• Review the alerted activity and 30 days of recent activity on the account including appropriate research to explain why the activity is performed.
• Alert disposition : Deciding whether to o close an alert as non-suspicious with no further action recommendedo escalate it to a higher level for more robust & thorough investigations
• Documentation : Record their findings and rationale for the decision made on the alert in a specific format provided with FCRM update
• Compliance adherence : Ensuring all reviews are conducted in accordance with established AML policies, regulations, and internal procedures.