AML Operations Analyst Job Description
AML operations analyst
provides guidance to business unit leadership on the applicability of anti-money laundering (AML) laws and regulations (for example, Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC)).
AML Operations Analyst Duties & Responsibilities
To write an effective AML operations analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included AML operations analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Function as a key contributor with demonstrated knowledge of AML/KYC/CTF issues, broader functional knowledge
Escalates, and assists with resolution of, more complex problems and critical issues as referred to the Investor AML Operations team, those received from other internal and/or related external parties
Assist with the development, implementation and maintenance of policy/procedure updates and BSA/AML training
Collect and document data, including alert, investigation, or Suspicious Activity Report history
Performing and reviewing Customer Due Diligence and Enhanced Due Diligence and assessing the risk of new customers to the firm, documenting findings, ensuring that management is apprised of key issues, risks, and the appropriate monitoring to mitigate risk
Reviewing negative news and OFAC/Watch List/PEP alerts generated by automated systems
Fielding questions from the internal colleagues via department mailbox
Interacting with internal and external partners as needed to research and resolve issues
Effectively implementing and adhering to process improvements set forth by management or CDD review pertaining to compliance policies, operational procedures, and training materials
Participating in individual and department goal development and execute on tactical strategies for goal attainment
AML Operations Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for AML Operations Analyst
List any licenses or certifications required by the position: CAMS, AML, LOMA, CFE
Education for AML Operations Analyst
Typically a job would require a certain level of education.
Employers hiring for the AML operations analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Finance, Management, Sound, Accounting, Communication, Supervision, Homeland Security, Criminal Justice, Associates
Skills for AML Operations Analyst
Desired skills for AML operations analyst include:
Investigative techniques used in the investigation of financial crimes
Our products
Processes and banking systems
US Banking regulations and guidance
AML
Bank Secrecy Act
Bank operations and compliance policies
Banking and financial services products and procedures
Money Laundering Suppression Act regulations and business transaction practices
Operational risk requirements and standards applicable to the relevant processes and procedures
Desired experience for AML operations analyst includes:
Bachelor's degree or work equivalent experience preferred
University diploma or equivalent
Excellent analytical, writing, development and editing skills to ensure consistency and quality in training materials
Prior learning and development experience would be an asset
Working with Law Enforcement • Serving as a liaison with relevant law enforcement authorities and peer institutions in relation to Financial Intelligence Unit matters
Reporting • As needed, preparing required reports including Suspicious Activity Reports (SARs), in accordance with regulations and time limitations
AML Operations Analyst Examples
1
AML Operations Analyst Job Description
Job Description Example
Our innovative and growing company is looking for an AML operations 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 operations analyst
- Suggesting revisions to policies and procedures to facilitate loss prevention and recommends enhancements to protect and safeguard the firm’s clients, employees and financial advisors
- Training • Conducting red flags training for key departments to promote firm wide awareness
- Review and analyze underlying data gathered to assess reasonable cause to escalate an alert to an Investigation or to clear the alert
- Disposition and fully document all alerts, including supporting data, analysis and rationale for disposition, within in a timely manner
- Work with independent financial advisors to resolve suspicious activity alerts
- Perform other daily tasks such as support ad hoc requests for information (MAS questions, audit inquires ) and participate in UAT and efforts to develop robust systems
- Prepare an operational Monthly Business Review (MBR) presentation, incorporating key people, productivity, efficiency, client experience, finance, and control metrics
- Conduct time studies for each key process to understand organizational and activity-level effort requirements
- Understand information from various sources logically and holistically, summarize and present complex data in an organized, concise manner
- Ensuring that screening process is effectively reviewed while delivering a high quality work product
Qualifications for AML operations analyst
- Working knowledge of Financial Crime Detection software, Mantas, SAS, Actimize, or similar
- Ability to read and write in Mandarin
- Experience in similar role (preferred)
- Control focused mindset and good understanding of regulatory and reputational risks - (knowledge of Asian requirements a plus)
- Ability to liaise with all levels of the firm and people wih different experiences and backgrounds
- 2+ yrs experience in similar role
2
AML Operations Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of AML operations analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for AML operations analyst
- Provide AML subject matter expertise to team members and business partners
- Ability to apply Firm’s standards to AML quality assessments
- Participate and / or take the lead in AML/KYC related projects
- Management & Motivation
- Execute deployment requests for QA/IST/UAT environments
- Monitoring specific application based process
- Manage file systems and monitor file system growth
- Managing lower environments support issues and seeing through to resolution
- Manage Test Environment Implementations through the use of enterprise change management practices
- Effectively communicates and builds rapport with team members, management, stakeholders, infrastructure teams and interface groups using a variety of techniques and collaboration from initiation to close
Qualifications for AML operations analyst
- Solid understanding of common money laundering schemes regulatory environment
- Bachelor’s Degree and/or equivalent workforce experience in Technology, Information Management or Business Administration
- Tableau experience (nice to have)
- Assimilate information by identifying relevant key trends and issues
- Proactive in identifying potential concerns and follow-up to resolve such complex issues
- Proven track record in high productivity and meeting deadlines
3
AML Operations Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of AML operations analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for AML operations analyst
- Liaising with the client, front and middle office staff to obtain required KYC and legal documentation prior to set-up
- Managing onboarding and refresh cases, interfacing with the CGM desks on any CLM related query
- Screening of entity names against sanctions, adverse news and politically exposed persons lists
- Escalating red flags and due diligence findings to Financial Crimes Compliance
- Maintaining customer data and documents into customer database
- Compliance to onboarding procedures and develops a risk awareness mindset
- Assisting with the day-to-day operations of the Onboarding function including monitoring urgent requests/ queries and aged items
- Follows established written procedures and guidelines, provides technical and analytical support in a global markets operations support function for operations product areas
- May assist in managing projects and/or introduction of new initiatives, systems, products and services and processes coordination across multiple operations functions
- Assist and provide guidance to internal and external business partners as part of exam and audit engagements
Qualifications for AML operations analyst
- Excellent technical, project management skills
- Eagerness to learn and thrive on challenge
- Knowledge in data extraction/manipulation, publishing and macro processing
- Education – Bachelors or higher degree preferably in business or Computer Science IT
- Experience – 5 to 6 years of experience, of working on software development projects and full understanding of System Development Life Cycle, as a business analyst
- Excellent PC and software skills including Excel, Word, Fidelity, Atchley systems and Synergy
4
AML Operations Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of AML operations analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for AML operations analyst
- Ensure due diligence is performed on new clients to comply with “AML/KYC” regulations
- Organize and track corrective action related to regulatory exams and audits
- Assist in the preparation and submission of results to management and other relevant stakeholders
- Participate in working groups and project initiatives across the organization
- Collaborate, liaise, interact and influence in a professional manner with employees and colleagues at all levels across the organization in different countries
- Be the “voice of the client” within the business sentiment
- Proficient in identifying and utilizing appropriate resources to complete assigned projects
- Ability to make decisions and exercise sound business judgement independently
- Conduct initial and ongoing due diligence reviews of ~600 financial intermediary business partners to mitigate risk and ensure compliance with policies and best practices
- Assist with inquiries and provide solutions to issues that may arise (internal and with the client)
Qualifications for AML operations analyst
- Strong analytical skills with the ability to interpret information, research problems, and suggest appropriate solutions
- Strong organizational skills and ability to prioritize working files and critical situations
- Exceptional research and analytical skills with the ability to analyse large amounts of data, decipher higher risk attributes (transactional, geographical, product, customer type, ) and disposition appropriately
- Ability to work within the operating hours and days for this position as outlined in the posted job requisition overtime as needed
- Previous Spanish Call Center work or Spanish Certification
- 8-10 years of BA Experience (majority on operation & support side)
5
AML Operations Analyst Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of AML operations 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 operations analyst
- Definition and documentation of cross functional roles and responsibilities pertaining to intermediary lifecycle
- Development and maintenance of online procedure manuals (SharePoint)
- Accurate and timely entry, maintenance and retention of all agreements, documents, and key data points in contract management system (Novatus)
- Assist with large-scale, time sensitive legal/regulatory or other projects
- Respond to internal and regulatory audit queries
- Assist in preparation and presentation to senior management or sales/other groups of reports and updates
- Follow established written procedures and guidelines, provide technical and analytical support in a global markets operations support function for operations product areas
- Use established techniques to analyze and resolve complex operations support problems/initiatives requiring exception handling and/or coordination of multiple operational and/or product/services specialists to resolve
- Process and analyze Know Your Customer (KYC) information
- Managing the coordination of workflow to business partners to ensure timely resolutions
Qualifications for AML operations analyst
- Strong knowledge/experience with booking products
- Need experience working directly with the business line that does the booking
- Understanding of money markets
- Financial background and strong communication
- Spanish or Portuguese written and verbal fluency required
- Proven ability assessing system problems and issues, identifying operational impact, conducting root cause analysis, and translating results to end users of the technology