AML Analyst Job Description

AML Analyst Job Description

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AML analyst provides anti Money Laundering (AML) subject matter expertise to investigations/operational staff to help them understand AML requirements.

AML Analyst Duties & Responsibilities

To write an effective AML analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included AML analyst job description templates that you can modify and use.

Sample responsibilities for this position include:

Assist Global AML Compliance groups in resolving challenges encountered while working with Technology and Operations
Understand costs to Global AML Compliance for products and services provided by Technology and Operations
Review and disposition escalated OFAC, sanctions, Politically Exposed Persons (PEP), and 314(a) screening potential matches generated within FircoSoft those escalated by the Retail Deposits business teams
Completes and oversees Investor registration and AML reviews in line with RBCI&TS Policy ensuring all items are resolved in a timely manner and issues are escalated to Management as appropriate
Act as an AML specialist, ensuring regular interractions with internal and external parties, including Clients/MLROs, as requested
Acts as Subject Matter Expert in the area of AML/Regulatorty Change and represents the Department on global projects in this area
Ensure all AML and Regulatory reporting is being completed and delivered within agreed timeframes and to a high quality standard
Accessing and understanding a full range of online, public information sources, which enhance the Institution’s capacity to more fully understand its clientele and risk exposure
Compiling standard due diligence work product and analysis – including results of review of public records and, if necessary, third party source intelligence
Advising EDD management on the potential risks uncovered by EDD and KYC reviews

AML Analyst Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for AML Analyst

List any licenses or certifications required by the position: CAMS, CFE, AML, ACAMS, SFMS, CRCM, CFCS, PMP, AMLCO

Education for AML Analyst

Typically a job would require a certain level of education.

Employers hiring for the AML analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Business, Economics, Education, Accounting, Law, Criminal Justice, Financial Services, Business/Administration, Management

Skills for AML Analyst

Desired skills for AML analyst include:

Laws applicable to money laundering
OFAC
US Treasury AML guidelines
OFAC requirements
BSA/AML
Suspicious Activity Reporting requirements
USA PATRIOT Act
Operational risk requirements and standards applicable to the relevant processes and procedures
AML

Desired experience for AML analyst includes:

Compliance experience including knowledge of required legal governing documents for legal entities and knowledge of the Know Your Client/Anti-Money Laundering/ Bank Secrecy Act/ US Patriot Act requirements a plus
None, other than those necessary to perform the job duties listed above
High level of computer literacy, including experience using statistical packages for research/modeling (e.g., SPSS, Matlab, SAS)
Document all cases requiring additional investigation in BIANCA case management system
Producing MI in relation to EDD work
Advising the KYC operations team with respect to KYC queries and escalations

AML Analyst Examples

1

AML Analyst Job Description

Job Description Example
Our company is growing rapidly and is hiring for an AML analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for AML analyst
  • Investigate alerts generated by the AML engine those raised by Law Enforcement Agencies, or from other internal sources
  • Analyse, identify and recommend improvements to processes and/or systems to meet the needs of the business
  • Lead requirements workshops and meetings as required and co-ordinate analysis activities
  • Collaborate with the business, technology groups and external vendors to analyse, prioritise, document and communicate business requirements
  • Plan, estimate and report on Business Analysis activities and deliverables
  • Review and revise documentation in light of any new information and/or changes to initial assumptions, including implications for project time, cost, quality and risk
  • Supporting testing, training and implementation activities to ensure the successful delivery of the overall business and technology solutions
  • Prepare business impact and risk assessments for the proposed change and/or recommended business solution that mitigates the risks with associated costs and benefits
  • Regular status reporting as it relates to the project on deliverables, risks and issues
  • Investigate potentially suspicious activity arising from account surveillance
Qualifications for AML analyst
  • Advanced knowledge of testing methodologies, implementing governance and methodology
  • Advanced knowledge of SDLC, Project Management life cycle, Quality Assurance concepts and methodologies, test automation tools and practices, analytical skills and documentation standards
  • Self-motivated and willing to work with minimal supervision in a rapidly changing
  • Knowledge of Global Anti-Money Laundering systems and applications is an asset
  • University (Bachelors of Science) and/or related working experience
  • Minimum 7-8 years of QA experience, preferably with 3-4 years of QA lead experience
2

AML Analyst Job Description

Job Description Example
Our growing company is looking to fill the role of AML analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for AML analyst
  • Provides clear and concise written and verbal issue status updates to key stakeholders within Corporate AML and Wholesale Risk Management
  • Provides support to the AML Officer with developing responses to regulatory requests and internal reviews
  • Build customer transactional data, known information and potential risks in an Enhanced Due Diligence (EDD) document and escalate to AML Manager for review
  • Respond to regulator and third party information requests relating to retail AML or CTF cases
  • With line management regularly review retail AML systems and processes in order to implement continual improvements
  • Execute maintenance and support activities to ensure goals and objectives are accomplished within approved time frame and scope
  • Supports the provision of metrics to pro-actively address maintenance activities, reduce incidents, and improve communication and resolution times
  • Participate in application and/or database disaster recovery for multiple systems
  • Assist in the production, and maintenance, of MAP P&P documentation
  • High volume transactions monitoring
Qualifications for AML analyst
  • Familiar with navigating banking systems, teller transactions and accessing customer transaction histories
  • Advanced PC Skills including MS Word, Excel, Internet research, World-Check research, and email
  • Knowledge of BSA and Patriot Act regulations
  • Experience with performing transaction analysis, EDD reviews and suspicious activity reporting
  • Background in research, business, accounting or criminal justice
  • 3+ years experience with automated test tools Quick Test Pro V11 (minimum)
3

AML Analyst Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of AML analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for AML analyst
  • Evaluate processes on the AML monitoring system’s configuration settings and threshold’s
  • Define practical user stories experiences, including storytelling, personas, process flows and interactions
  • Build and maintain a repository of reusable requirements documentation to support future initiatives, following the enterprise standards
  • Develops and documents remediation project plan milestones and timelines
  • Facilitates identification of issue root cause and required corrective action to achieve sustainable risk mitigation
  • Ensures timely and accurate documentation of corrective actions to remediate issues
  • Ensures timely and accurate closure of issues from all sources (internal, external), including factoring-in proper time allowances for validation activities
  • Assists with additional duties such as special projects that may involve time driven reporting deliverables
  • Generate reporting and undertake in-depth transactional and behavioural reviews on customer accounts
  • Utilise a suite of analytical tools with the addition of publically available information to build a detailed customer profile
Qualifications for AML analyst
  • 3+ years experience with formal software testing in full life cycle development of online applications, with a regular release process and standard software development practice
  • Strong understanding of VB Scripting, XML, Web Services (capable of writing a web service client test application)
  • You will have a good understanding of China financial services markets, corporate banking products, debt products, cash management, trade finance & derivatives
  • Previous experience within an regulatory environment
  • Creative with a history of strong learning skills
  • Enhanced due diligence and investigations experience including analyzing data, compliance, and conducting reviews
4

AML Analyst Job Description

Job Description Example
Our innovative and growing company is looking for an AML analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for AML analyst
  • Conduct detailed Technical / BA work for AML Monitoring IT team
  • Liaise with AML and sanctions model development team and provide guidance on model risk
  • Generate metrics on AML model performance and periodically report findings
  • Establish and maintain a thorough understanding of the analytical data sources, methodology and tools, apply new elements in AML modeling and analytics
  • Evaluate the department’s “Prime Change Management Policy folder” on approved application changes, rule modifications and operator access right changes
  • Reviews system generated Currency Transaction Reports (CTR's) against daily reports to ensure accuracy and completeness
  • Review and file Suspicious Activity Reports, including the SAR narrative
  • Escalate matters containing potentially suspicious activity or matters that may pose risk to the bank
  • Carry out analysis and full investigatory casework in support of investigations
  • Work collaboratively with business and technical teams to ensure risk and user needs are adequately addressed
Qualifications for AML analyst
  • Strong knowledge of BSA requirements and regulations - policies, procedures, practices and documentation
  • Must be able to work outside normal business hours to accommodate global stakeholders
  • Must be able to travel when required (globally)
  • Must have experience working with system users, gathering requirements and producing complete system documentation
  • Must possess a proven analytical background and 5+ years experience
  • Financial and Anti-money laundering experience preferred
5

AML Analyst Job Description

Job Description Example
Our growing company is hiring for an AML analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for AML analyst
  • Maintain AML feed verification database, record any change and collaborate with Operations, IT and Financial Crime Compliance Teams to implement controlled IT and process changes
  • Advice FIU on the development and management of AML applications, supporting databases, data warehouses and repositories
  • Develop FIU key risk indicators to monitor effectiveness of high risk AML models
  • Design and develop AML reports and other MIS across all critical FIU processes for Executive Management
  • Design queries to perform data mining, analytics and data extracts across AML databases using various data mining tools (SAS, SQL )
  • Configures, tests, debugs, implements moderately complex BSA/AML monitoring and reporting solutions (Oracle, Microsoft SQL Server, SAS, Unix)
  • Use various comprehensive investigative methods and independent decision making to determine if activity is suspicious
  • Perform accurate documentation of case work
  • Assist RPG management in the creating status reports for senior management
  • Assist in drafting policies and procedures related to model validation
Qualifications for AML analyst
  • Minimum of Two/Three Years' Experience in Fund Administration
  • Experience of performing no financial crime categorisations of clients MiFID, FSCS, FATCA, EMIR
  • Attendance at external meetings as required
  • Provide support to Compliance & Operational Risk function across multiple areas as needed
  • Solid experience in a Shareholder Services AML role with supervisory exposure
  • 3rd level degree or equivalent would be beneficial

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