What are the responsibilities and job description for the AML Analyst position at Procom?
AML Analyst Intro
As a Junior Anti-Money Laundering (AML) Investigator, you will play a critical role in detecting and preventing financial crimes within our organization. Your responsibilities will include analyzing financial transactions, identifying suspicious activities, and ensuring compliance with AML regulations. You'll work closely with the AML team to maintain the integrity of our financial systems and protect against money laundering and terrorist financing.
AML Analyst Job Details
- Transaction Monitoring :
- Review and analyze financial transactions. Identify patterns of suspicious activity that may indicate money laundering or other financial crimes. Report any illicit activities promptly.
- Risk Assessment :
- Evaluate the risk associated with specific transactions or clients. Determine the likelihood of money laundering or other illicit activities.
- Suspicious Activity Reporting (SAR) :
- Maintain confidentiality of reports and documentation as required by law.
- Data Analysis :
- Utilize Excel and other tools to analyze transaction data. Identify anomalies and patterns indicative of money laundering.
- Regulatory Knowledge :
- Stay informed about evolving AML regulations and industry best practices.
- Collaboration :
- Communicate effectively with lines of business to obtain information or documentation necessary to analyze transactions.
AML Analyst Mandatory Skills
1. Minimum 2 years of investigative experience with an emphasis on AML / ATF.
2. Basic Knowledge of banking products and service offerings (ACH / different account setups etc).
3. Intermediate Excel skills (use and creation of pivot tables / charts, using lookup functions, data validations, etc.).
AML Analyst Desired Skills
1. Previous banking experience (retail).
2. Relevant certifications (e.g., CAMS, CFCS, CAFP).
AML Analyst Start Date
Target Start Date : ASAP
AML Analyst Location
Hybrid preferred in Chicago, IL - in office 2 days one week and 3 days the next; remote is possible. Must work CST hours for the first few weeks of training.
