AML OPS Analyst

Responsibilities

• 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:
  Analysing 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.
• Alert disposition:
  Deciding whether to close an alert as non-suspicious with no further action recommended or 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.

• 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.
• Alert disposition:
  Deciding whether to close an alert as non-suspicious with no further action OR escalate it to a higher level for more robust investigations.
• Documentation:
  Record 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.