AML Ops 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 customer's 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 recommended

o 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. 

Salary Range- $60,000-$70,000 a year

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