AML Investigations Analyst I
About The Position
The AML Investigations Analyst I works on Coastal’s AML Investigation Team to support detection and investigation of potential money laundering and related financial crimes. This entry-level role supports Coastal’s Financial Crime Compliance program and is intended for professionals beginning a career in BSA/AML compliance. The analyst triages alerts, conducts research, and helps ensure compliance with internal procedures and regulatory standards, including the Bank Secrecy Act (BSA), USA PATRIOT Act, and FinCEN guidance. The role involves reviewing customer activity, documentation, and transaction data; recording case details in an AML case management system; and assisting with Suspicious Activity Reports (SARs) and narrative summaries for senior review. The analyst collaborates with internal teams, meets service level and quality expectations, and participates in training, cross-training, and process improvement activities.
Requirements
- Bachelor’s degree in Business Administration, Criminology, Finance, or a related field, or an equivalent combination of education and relevant experience.
- At least 1 year of relevant experience in banking, AML compliance, or fraud investigations.
- Familiarity with BSA/AML regulatory frameworks and general financial services operations.
- Intermediate proficiency in MS365 tools, including Excel, Outlook, Teams, and Word.
- Strong attention to detail and eagerness to learn investigative methodologies.
- Clear written and verbal communication skills.
- Personal accountability and ability to work under supervision.
- Interest in financial crime risk and regulatory compliance.
- Team-oriented mindset and willingness to contribute to a collaborative environment.
- Strong research skills using available sources.
- Analytical ability to detect patterns, assess risk, and draw reasoned conclusions with minimum guidance.
- Sound judgment and discretion in handling sensitive and ambiguous matters while maintaining strict confidentiality.
- Strong organization and ability to manage multiple priorities under tight deadlines.
- Openness to feedback and dedication to continuous learning and growth.
Responsibilities
- Triage transaction monitoring alerts to identify potential indicators of suspicious activity.
- Conduct basic investigations by reviewing customer activity, documentation, and transaction data.
- Document case details clearly in the AML case management system to support decision-making and audits.
- Assist in preparing Suspicious Activity Reports (SARs) and narrative summaries for review by senior team members.
- Apply regulatory knowledge and company policies to daily casework and ensure actions follow procedural standards.
- Monitor training materials and industry resources to build knowledge of AML laws and typologies.
- Participate in ongoing training and cross-training with BSA/AML teammates.
- Contribute to process improvement discussions and support department-level projects as needed.
- Collaborate with internal teams to gather documentation or clarify customer activity during investigations.
- Ensure assigned casework meets internal service level agreements (SLAs) and quality expectations.
Benefits
- Three medical plan options.
- Health Savings Account (HSA) with eligible medical plans, including tax advantages and employer contributions.
- Flexible Spending Accounts (FSA) for healthcare and dependent care expenses.
- Dental insurance.
- Vision insurance.
- Company-paid basic life insurance, with options to purchase additional coverage for the employee and dependents.
- Long-term and short-term disability coverage.
- Supplemental Hospital Indemnity, Accident Insurance, and Critical Illness coverage.
- 401(k) retirement plan with company matching.
- Paid vacation and sick leave.
- 11 paid holidays.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
