AML Analyst

the Client•Mount Laurel, NJ

22h•Hybrid

About The Position

An Anti-Money Laundering (AML) Analyst investigates and monitors financial transactions to detect and prevent money laundering, terrorist financing, and other financial crimes. They analyze data, conduct investigations, and ensure compliance with AML regulations and policies, ultimately helping to maintain the integrity of the financial system. This is a highly entry-level role focused on reviewing a high volume of cases per day, comparing them against watchlist individuals, and escalating based on certain attributes. Contractors will log in to Quantifind, Watchlist, and cannabis-related business systems daily and will not have access to any other client systems. The team consists of 8 people; the manager meets with the team twice a week and works with individual analysts bi-weekly.

Requirements

Basic computer skills — Microsoft Windows, etc.
Excellent written and verbal communication skills needed to communicate findings and recommendations
Strong analytical and problem-solving skills crucial for identifying patterns and trends in financial transactions
Careful attention to detail necessary for accurately analyzing data and identifying suspicious activities
Adaptability and flexibility
Bachelor's degree required (new graduates welcome; this role is ideal for recent graduates)
0–2 years of experience within a Business Analyst role (internship or co-op experience considered); candidates with more than 2 years of experience will be considered overqualified for this position
Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Nice To Haves

MS Office knowledge
AML knowledge
Banking, financial, or customer service experience
AML certifications (asset)

Responsibilities

Transaction Monitoring: Reviewing a wide range of financial transactions for suspicious activity
Investigation: Investigating potential cases of money laundering and other financial crimes; creating and maintaining case files to investigate suspicious activity
Compliance: Ensuring compliance with AML regulations and policies
Reporting: Reporting findings to regulatory authorities when necessary; preparing and filing Suspicious Activity Reports (SARs)
Due Diligence: Conducting customer due diligence (CDD) and Know Your Customer (KYC) checks
Documentation: Creating and maintaining records of investigation activities and findings; gathering and analyzing documents to assist in identifying suspicious transaction patterns
Training: Participating in and leading AML compliance training
Staying Updated: Staying informed about emerging threats and trends in financial crime
Collaboration: Working with other teams, including law enforcement and compliance officers
Reviewing daily transaction reports for signs of unusual or out-of-the-ordinary customer activity
Performing periodic reviews of high-risk customers