AML Analyst

AML Analyst

Location:

Delaware

Job Type: Contract

Duration: 6 Months

All individuals working on-site must be fully vaccinated against COVID-19.

Role is remote for now. MUST have SAR WRITING experience and retail banking experience.

The AML Analyst is responsible for performing AML Reviews/Investigations of account activity and recommending the filing of Suspicious Activity Reports (SARs) and/or relationship termination as appropriate. Cases are worked from beginning to completion in accordance with relevant policies and procedures. Cases are generated from sources which include:

• Automated Monitoring System e.g., Mantas
• Client-Onboarding and Maintenance and Transaction monitoring referrals
• Referrals from business partners and other control areas

Responsibilities include:

• Conduct research over available Bank systems, the Internet and Commercial Databases consistent with the resolution of case reviews and investigations.
• Collect and examine financial statements and documents to assist in identifying unusual transaction patterns.
• Document and report the review/investigation findings and prepare case files with required supporting documentation (e.g., media search results, copies of statements/ checks results from internal system searches, etc.).
• Follow‑up with additional Points of Contact (POC) as needed to identify additional information in support of the case.
• Liaise with other FIU units Advisory Business Compliance teams CSIS FIU Legal GIU and Law Enforcement.
• Draft and file Suspicious Activity Reports (SARs) consistent with FinCEN requirements.
• Recommend relationship retention or termination and track account closures as required.
• Interact with Senior Management on the Compliance Legal and business sectors concerning AML issues.
• May provide direction to more junior staff.

Job Qualifications:

• Four Year College Degree or equivalent experience.
• Minimum 1‑5 years of experience in reviewing customer transactions and identifying potentially suspicious activity and performing AML or fraud reviews/investigations.
• Experience in writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements preferred.
• Work experience in a financial institution with job‑specific work experience in AML.
• Knowledgeable of the laws applicable to money laundering including the Bank Secrecy Act, the USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements and Suspicious Activity Reporting requirements preferred.
• General understanding of Senior Public Figures, Money Service Businesses, Wealth Management and Retail Banking preferred.
• Established business knowledge and comprehension of financial products.
• Excellent organizational, time management and project management skills.
• Excellent research skills including experience with online search tools.
• Advanced proficiency in Microsoft Word, Excel, Access, Power Point and Outlook.
• Strong attention to detail and follow‑up skills.
• Strong writing, analytical and communication skills. Must be able to multitask and complete projects on time.
• SAR Writing experience specifically in retail banking and more knowledge of AML Red Flags such as cash structuring.
• Ability to understand and draw conclusions from research conducted.
• Should be a self‑starter and organized and must have the ability to work independently without supervision.
• Proficiency in a foreign language is a plus.
• CAMS certification preferred.