US - AML Business Analyst I

ICONMA is a company that provides staffing solutions, and they are seeking an US - AML Business Analyst I for their remote location. The role involves reviewing financial transactions for suspicious activity, investigating potential cases of money laundering, and ensuring compliance with AML regulations.

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
• Excellent written and verbal communication skills are needed to communicate findings and recommendations
• Strong analytical and problem-solving skills are crucial for identifying patterns and trends in financial transactions
• Careful attention to detail is necessary for accurately analyzing data and identifying suspicious activities
• Adaptability and flexibility
• MS Office knowledge
• AML knowledge
• Banking, Financial or Customer Service experience