What are the responsibilities and job description for the Anti-Money Laundering Analyst position at SoTalent?
AML Compliance & Operations Senior Analyst (Hybrid)
Location: Boston, MA or Dallas, TX
Salary Range: $$52,500 - $87,500
Job Overview
A financial institution is seeking an AML BSA OFAC Compliance & Operations Senior Analyst to support its compliance and risk management functions. The ideal candidate will have technical expertise in AML and OFAC systems, regulatory compliance, transaction monitoring, and risk assessment. This role focuses on system and process control development, testing, and ensuring compliance with financial regulations.
This is a hybrid role, requiring three days per week in-office at either the Boston, MA (State Street) or Dallas, TX (Thanksgiving Tower) corporate office locations.
Key Responsibilities
- Monitor activities to minimize company risk exposure related to AML, BSA, and OFAC compliance.
- Execute system testing to ensure compliance with regulatory and internal requirements.
- Represent AML Compliance in cross-functional projects, assessing risks and developing/testing system controls.
- Conduct research and analyze compliance-related information to recommend procedural and system improvements.
- Review project documentation to assess its impact on AML and OFAC compliance systems.
- Develop and execute testing protocols for AML and OFAC tools to ensure regulatory compliance.
- Support the model development team by providing documentation and testing assistance.
- Troubleshoot system issues and outages in partnership with technology teams.
- Develop and automate reports to analyze and summarize compliance information.
- Assist in the development, implementation, and maintenance of compliance controls.
- Conduct risk assessments on business and operational processes, identifying compliance gaps.
- Communicate compliance strengths and weaknesses to management and propose control enhancements.
Qualifications
Education:
- Bachelor’s Degree in Finance, Business, or a related field (or equivalent work experience).
Work Experience:
- 3 years of experience in compliance, legal, regulatory, or financial services roles.
Skills & Abilities:
- Strong knowledge of risk and compliance principles, concepts, and policies.
- Advanced quantitative, analytical, and investigative skills.
- Ability to summarize, document, and communicate compliance findings effectively.
- Experience managing projects across multiple stakeholders.
- Proficiency in MS Office (Excel, PowerPoint, Word, Visio, and Outlook).
- Knowledge of AML or OFAC systems preferred.
- Experience with SAS or Python is a plus.
- Strong problem-solving, critical thinking, and organizational skills.
- Ability to work independently and in a team environment.
- Ability to prioritize tasks in a fast-paced, deadline-driven environment.
- Strong verbal and written communication skills with the ability to influence stakeholders.
Compensation & Work Environment
- Salary Range: $80,000 - $100,000 per year (based on experience and qualifications).
- Hybrid Work Model: Three days per week in-office at either Boston, MA (State Street) or Dallas, TX (Thanksgiving Tower), with remote flexibility on other days.
- Comprehensive benefits package, including:
- Health, dental, and vision insurance
- Paid time off and company holidays
- Retirement savings plans
- Performance-based incentives
- Career development and training opportunities
This role is ideal for professionals with AML, BSA, OFAC compliance, and risk assessment experience, looking for a hybrid opportunity in a dynamic and growing financial environment.
Salary : $52,000 - $87,500
