AML Analyst Job Description
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:
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:
Desired experience for AML analyst includes:
AML Analyst Examples
AML Analyst Job Description
- 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
- 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
AML Analyst Job Description
- 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
- 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)
AML Analyst Job Description
- 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
- 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
AML Analyst Job Description
- 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
- 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
AML Analyst Job Description
- 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
- 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