AML Compliance Analyst

Job Description

We are offering a long-term contract employment opportunity for an AML Compliance Analyst in Newark, Delaware. This role is primarily focused on interpreting AML Risk standards, guidelines, policies, and procedures within the financial industry. As an AML Compliance Analyst, you will be tasked with making risk-based determinations, ensuring accurate data collection, and maintaining top-notch analytical skills.

• Analyze, collect, and document alert data, transactions, customer demographics, and relevant account information to identify potential suspicious activity.
• Accurately and efficiently process investigations data, Suspicious Activity Reports (SARs), Currency Transaction Reports (CTR), and Know Your Customer (KYC) information.
• Utilize strong research skills to analyze large amounts of data, ensuring compliance with Financial Crimes Enforcement Network (FinCEN) requirements.
• Balance inventory queues, deadlines, and priorities to achieve departmental standards and production goals.
• Assist other associates on inventory by accepting ad-hoc requests, demonstrating teamwork.
• Communicate effectively with associates, management, and various stakeholders on identified risks, potential typologies, and recommend next steps.
• Maintain accurate customer credit records, ensuring all necessary information is collected and documented.
• Complete the Suspicious Activity Report (SAR) form, if applicable, in accordance with Financial Crimes Enforcement Network (FinCEN) requirements.
• Ensure that all alert data has been accurately collected and documented, including any relevant account and transaction data.
• Utilize analytical and comprehension skills to make risk-based determinations on whether alerts were properly cleared by Compliance Alerts Analysts.

• Proven experience in AML (Anti‑Money Laundering) compliance or similar role
• Proficient in Case Management, KYC (Know Your Customer) procedures, and Suspicious Activity reporting
• Demonstrated ability to conduct detailed research and data analysis
• Knowledge of FinCEN regulations and department standards
• Ability to effectively manage queues and ensure production quality
• Excellent teamwork skills and ability to collaborate with various stakeholders
• Strong knowledge of financial crime and demographics
• Experience in policy development and adherence to compliance procedures
• Excellent QA (Quality Assurance) Management skills
• Proficient in the use of relevant software and databases for data analysis and reporting.