AML Business Analyst

TekStaff IT Solutions is seeking an AML Business Analyst to investigate and monitor financial transactions to detect and prevent money laundering and other financial crimes. The role involves analyzing data, conducting investigations, ensuring compliance with AML regulations, and maintaining the integrity of the financial system.

Responsibilities:

• Transaction Monitoring: Reviewing a wide range of financial transactions for suspicious activity
• Investigation: Investigating potential cases of money laundering and other financial crimes
• Creating and maintaining case files to investigate suspicious activity
• Compliance: Ensuring compliance with AML regulations and policies
• Reporting: Reporting findings to regulatory authorities when necessary
• Preparing and filing Suspicious Activity Reports (SARs)
• Due Diligence: Conducting customer due diligence (CDD) and Know Your Customer (KYC) checks
• Documentation: Creating and maintaining records of investigation activities and findings; gathering and analyzing documents to assist in identifying suspicious transaction patterns
• Training: Participating in and leading AML compliance training
• Staying Updated: Staying informed about emerging threats and trends in financial crime
• Collaboration: Working with other teams, including law enforcement and compliance officers
• Reviewing daily transaction reports for signs of unusual or out-of-the-ordinary customer activity
• Performing periodic reviews of high-risk customers

Requirements:

• 0-2 years of experience within a Business Analyst role (internship or co-op considered as experience)
• Basic computer skills – Microsoft Windows etc
• Must have completed a High School Diploma or GED