Job Title: AML Business Analyst I
Location: Fully Remote (near client location)
Duration: 5 months Assignment (possibility of extension based on business needs and performance)
Shift/Hours: 40hours/week, M to F, core business hours
Client hubs: Mount Laurel, NJ, Wilmington, DE, Jacksonville, FL, Ft. Lauderdale, FL, Lewiston, ME, Portland, ME, Charlotte, NC, Greenville, SC, Boston, MA, Washington/Vienna, VA, New York, NY
Note: Candidate needs to be within commutable distance to a hub in case there is a back to office mandate.
 
Summary:

• 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.

Key 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 analysing 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.

Must-Have Hard Skills:

• 1+ years of experience within a Business Analyst role (internship or co-op considered as experience).
• Basic computer skills – Microsoft Windows etc.
• Must have completed a High School Diploma or GED.
• MS Office knowledge.
• AML knowledge.
• Banking, Financial experience.
• Degree/Level of Education: Post secondary is an asset.
• Certifications Required: AML certifications is an asset.
• Years of Overall Experience: 2 years of experience, co-op/internships is great.
• Excels in SLA’s and KPI’s – daily goal number for cases and quality control.

Soft Skills:

• Excellent written and verbal communication skills are needed to communicate findings and recommendations.
• Strong analytical and problem-solving skills are crucial for identifying patterns and trends in financial transactions.
• Careful attention to detail is necessary for accurately analysing data and identifying suspicious activities.
• Adaptability and flexibility.

 
 
At SPECTRAFORCE, we are committed to maintaining a workplace that ensures fair compensation and wage transparency in adherence with all applicable state and local laws. This position’s starting pay is: $ 31.38/hr.