Senior Analyst, AML Job Description

Senior Analyst, AML Job Description

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Senior analyst, AML provides support with key stakeholders (Platform Anti-Money Laundering Officers, Money Laundering Reporting Officers, etc.) through the risk assessment process.

Senior Analyst, AML Duties & Responsibilities

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

Sample responsibilities for this position include:

Pre and Post-transaction screening for Trade Finance deals in support of European Trade SME
Partner with the Senior Manager, Insights & Analytics and Head, AML Investigations to reuse Investigation data as inputs for future monitoring
Conducting AML investigations conducting quality assurance reviews of transaction monitoring reviews performed by staff
Administration of the GIFTS Transaction Monitoring System, FTCI’s automated AML system, including ensuring all transactions that require monitoring are set correctly, performing ongoing review of profile settings and making recommendations for changed rules and settings as warranted
Acting as a liaison with the KYC Validation Manager to ensure that KYC policies and risk rating programs are implemented in conjunction with the Bank’s Transaction Monitoring programs
Coordinating and performing basic and enhanced due diligence KYC screening on new and existing US & Non-US clients
Providing regulatory guidance on a case-by-case basis with respect to clients and/or their activity who / which pose AML risks
Planning, coordinating and directing the Bank Secrecy Act functions and related policies, procedures, training and compliance regime
Managing all aspects of the BSA and amendments to include the USA PATRIOT Act and OFAC including transaction monitoring, drafting and filing of Suspicious Activity Reports, OFAC hits 314 a/b coordination and reporting
Directing as necessary substantive communication requirements to the businesses with respect to AML including reports and MIS

Senior Analyst, AML Qualifications

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

Licensing or Certifications for Senior Analyst, AML

List any licenses or certifications required by the position: CAMS, CFE, AML, ACAMS, PMP, PRINCE, ICA, CFCS, CPA, ACT

Education for Senior Analyst, AML

Typically a job would require a certain level of education.

Employers hiring for the senior analyst, AML job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Graduate, Finance, Economics, Statistics, Computer Science, Financial Services, Law, Mathematics, Management

Skills for Senior Analyst, AML

Desired skills for senior analyst, AML include:

Advanced statistical techniques to create models
Banking operations
Information issued by regulatory groups
United States government
Finance
SQL
Anti-Money Laundering to identify trends and provide actionable insights to AML stakeholders
Anti-money laundering related requirements
Banking
Brokerage industry

Desired experience for senior analyst, AML includes:

Coordinating and administering AML training and monitor effectiveness
Ensuring all management reporting is complete, timely and accurate
Preparing and distributing periodically various MIS tracking developed by the BSA-AML Compliance Group including open GIFTS issues, etc
Overseeing progress with respect to compliance projects and deliverables assigned to the Transaction Monitoring Teams
Assisting with the development of new software tools to assist in the Transaction Monitoring Program/KYC Programs
Compile data to produce the AML Program metrics dashboard including reporting to senior management and the board

Senior Analyst, AML Examples

1

Senior Analyst, AML Job Description

Job Description Example
Our growing company is looking to fill the role of senior analyst, AML. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for senior analyst, AML
  • Assess the design and implementation effectivenss of new AML monitoring solutions (program code / business logic)
  • Partner with AML Compliance to ensure ML/TF/Tax Evasion/ABAC/ETC typologies are efficiently and effectively monitored through various execution channels (AML System, Automated Reporting, Manual Reporting)
  • Provide AML rules/scenario optimization support for new monitoring solutions
  • Automate and centralize SAS code for ease of use, reuse and scalability
  • Build and maintain effective relationships with stakeholders to elicit, analyze, identify and business requirements
  • Conduct gap analysis of to compare as-is with the to-be business processes, perform SWOT analysis and offer solution recommendations
  • Develop wireframes, mock-ups, process flows, and to display the visualization of front-end user designs and business processes
  • Create test scenarios and execute test plans
  • Participate in data definition and data mapping exercises to streamline the data required for implementing a successful solution and enhanced business processes
  • Ability to understand complex technical issues and translate them to both technical and non-technical audiences
Qualifications for senior analyst, AML
  • Provide support to ensure adhere to other CSAs risk management framework and processes
  • Fundamental understanding of client business operations and transactions
  • Monitors project progress towards project goals, coaches and motivates team members to make needed adjustments in plans to meet milestones and to achieve goals
  • Through elicitation techniques, may be involved in translating business requirements to systems specifications for moderate to complex business systems
  • May prepares, analyzes, and presents detailed systems specifications to the technology team and/or vendors for moderate to complex systems from which programs will be written and that fit with the Bank’s system architecture standards
  • May evaluates system parameters and formats to determine direction of upgrades, enhancements, development, and maintenance of various business systems
2

Senior Analyst, AML Job Description

Job Description Example
Our company is hiring for a senior analyst, AML. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for senior analyst, AML
  • Assess in a timely manner key AML/ATF/ABAC risks, new and emerging risk patterns/typologies and technically support any proposed action in partnership with AML Compliance
  • Research and become familiar with various internal and external data sources to deliver accurate and insightful results
  • Maintain at all time a high level of knowledge and understanding of techniques or recent cases in regards to money laundering, terrorist financing or corruption and the relevant regulations applicable to prevent it
  • Develop, tune and optimize statistical scenarios and models using SAS
  • Document all statistical and algorithmic efforts to ensure that AML Insights & Analytics meets regulatory expectations
  • Maintain at all time a broad knowledge of money laundering and terrorist financing techniques and regulations along with any recent cases
  • Maintain the SAR log for UK and Germany ensuring that it is current and correct at all times
  • Responsible for all SMR Reporting to AUSTRAC
  • Conducting comprehensive research to investigate and confirm Politically Exposed Persons and Designated Persons and Sanctions
  • Ensuring supportive documentation is accurate, properly reflects client’s intentions and is consistent with operating procedures to achieve satisfactory quality and audit results
Qualifications for senior analyst, AML
  • Strong database skills, including working with advanced data sets, pivot tables, advanced database and statistical functions and methods
  • Support the Enterprise AML Office Corporate Support Area (CSA) accountabilities and represent the AML CSA in fulfilling the effective challenge function in operational risk management (ORM) processes including Risk and Control Assessments (RCAs), Operational Risk Scenarios, Key Risk Indicators (KRIs), by LOB or Operating Group as required
  • Bachelor’s degree in Business, Computer Science, or Information Technology-related field or equivalent experience
  • 6 or more years of business system analysis experience
  • Experience/exposure to collaborating with Project Management and Product Management
  • Minimum of 3 years proven and progressive experience in financial services data analysis and/or application development
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Senior Analyst, AML Job Description

Job Description Example
Our growing company is hiring for a senior analyst, AML. 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 senior analyst, AML
  • Execute AML risk assessments for the various business groups
  • Demonstrate sound judgment and decision making in the context of regulatory requirements
  • Manage assigned tasks related to drafting case investigations, preparing Suspicious Activity Reports (SARs), analyzing/utilizing Currency Transaction Reports (CTRs) and Monetary Instrument Logs (MILs), and referencing Customer Identification Programs (CIPs)
  • Formulate and clearly articulate a supportable rationale behind the decision-making of “alerts” within cases, as part of look-backs
  • Conduct transaction analysis in the course of look-backs
  • Solve basic problems and include senior team members when appropriate
  • Meet utilization targets
  • Interface with clients in a professional manner, including being prepared prior to client meetings to resolve questions and issues
  • Meet deadlines and manage evolving/shifting deadlines
  • Maintain education and knowledge with regard to BSA, AML/KYC/OFAC, and Patriot Act regulations
Qualifications for senior analyst, AML
  • Minimum of six years proven and progressive experience in financial services data analysis and/or application development
  • Strong analytical skills required to organize and analyze multiple, complex data sets to deliver meaningful business outcomes, strong interpersonal, organizational, communication and creative thinking skills
  • Proven excellent written and oral communication skills to convey complex concepts to a non-technical audience
  • Strong capability in exploratory data analysis (correspondence analysis, principal component analysis, cluster analysis, latent class analysis …)
  • Undergraduate degree in Mathematics or Statistics or Data Scientist
  • Undergraduate degree in Mathematics, Statistics and Computer Science, or similar
4

Senior Analyst, AML Job Description

Job Description Example
Our company is growing rapidly and is looking for a senior analyst, AML. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for senior analyst, AML
  • Meet clearly defined productivity and quality assurance standards
  • Must account for changes, updates and additions to the inventory
  • Manage assigned tasks related to drafting case investigations, preparing Suspicious Activity Reports (SARs), analyzing/utilizing Currency Transaction Reports (CTRs) and Monetary Instrument Logs (MILs), and referencing Customer Identification Programs
  • Establishes standards and rules based surveillance monitoring and intelligence systems requirements - rules applied using series of transaction filters or a rules engine applying multiple rules and overlapping rules and filters, customer-account profiles, for transaction and behavioral detection as needed
  • Perform complex analysis of case Alerts, Investigations, draft Suspicious Transaction Reports (STR’s) and perform Enhanced Due Diligence (EDD)
  • Serve as a subject matter expert for assigned engagements
  • Ensure work adheres to defined engagement policies and procedures
  • Manage work efficiently to meet production goals and project deliverables
  • May provide assistance in performing quality assurance reviews of Analyst work product, and deliver neutral, accurate and constructive feedback
  • Work collaboratively with Team Lead(s) and Quality Assurance to help drive execution, meet quality and production goals and deadlines
Qualifications for senior analyst, AML
  • Master’s degree or higher in Statistics, Mathematics, or quantitative field
  • Extensive experience a Financial Crime discipline such as AML/ FATCA etc
  • Anti-Bribery Corruption experience highly desired
  • Bility to analyse data and produce graphs/ Charts
  • Experience in assisting to build business cases
  • Strong process mapping skills to capture complex system and data flows
5

Senior Analyst, AML Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of senior analyst, AML. 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 senior analyst, AML
  • Models success behaviors, a high performance work ethic and constant self-improvement
  • Will serve as System Administrator for transaction monitoring, case management and SAR filing software platform
  • Formulate and clearly articulate a supportable rationale behind the decisioning of “alerts” within cases, as part of look-backs
  • Maintain educated and knowledgeable with regard to BSA, AML/KYC/OFAC, and Patriot Act regulations
  • Co-ordinate quarterly Agent Oversight location selection (CMPS) with field Compliance Officers
  • May be responsible for receiving, reviewing and processing or performing analysis of the patterns and trends associated with money laundering and other financial crimes as they relate to payment transactions, civil and criminal subpoenas, sanctions or interdictions
  • Conduct transaction analysis of selected agents and report findings to field Compliance Officers
  • Review, assess, and approve/reject customer interdiction reinstatement requests within established service level time frames
  • Generate weekly reports to review and analyze money order transactions for LCTR
  • Create and maintain historical documentary storage and retrieval processes for Canadian compliance
Qualifications for senior analyst, AML
  • Be immediately available or have a 2 week notice period
  • Extensive knowledge of Compliance and AML
  • Agile experience not essential but highly desired
  • Ideally will have previous experience within Financial Crime Investigations and Transaction Surveillance
  • Current Foreign Exchange AML Compliance experience in Australia is necessary
  • Knowledge of the relevant AML / CTF regulatory requirements for Australia impacting the foreign exchange environment

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