AML Analyst Salary in the United States

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Assist with the review and remediation of potential OFAC and PEP screening matches Serve as a BSA/AML subject matter resource for co-workers in understanding Conduct customer due diligence and enhanced due diligence at time of onboarding and ongoing Identify complexity of beneficial ownership with account relationships Remediate alerts from transaction monitoring system and escalate alerts as needed Aid in the creation of various reports that will be presented to various committees and Board Assist in the identifying and monitoring of high-risk customers and high-risk activities Assist in preparation for internal audits, financial partner exams and federal and state exams Identify areas of improvement and present recommendations related to the BSA/AML program Recommend enhancements for marketing materials for products and services Contribute to compliance training materials for staff, as needed Participate in meetings, individually or in a group, to identify gaps within current practices Make recommendations for policies and procedures to meet current regulatory expectations Monitor new and any proposed laws and regulations in a timely manner Conduct ad hoc projects that involve conducting research and data gathering to stay compliant.

Act as a liaison between Banking deal teams and FCC, responsible for the completion of the KYC process and ensuring proper diligence is completed in line with the KYC guidelines for IBCM clients.

Demonstrate thorough knowledge and understanding of fixed-income trading, asset management and portfolio management applications and processes and how they are impacted by the Bank Secrecy Act, USA PATRIOT Act, Anti-Money Laundering, OFAC and Customer Identification Program compliance using industry standards and regulatory guidance.

Prepares case investigation documents for presentation at Account Review meeting and Account Closure meeting.

Monitor automated BSA/AML/Fraud system, researches and resolves alerts and conducts time sensitive investigations within the system of transaction alerts, determines if a SAR is warranted and timely prepares and files.

Provide research and evaluation of anti-money laundering (AML) cases and accurately and sufficiently documents analysis and findings in the Credit Union's case management system.

Performs daily reviews, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity.

Review daily time critical reports to ensure accurate OFAC compliance for the Credit Union and CUSOs and respond to requests for analytical OFAC review providing further verification as requested.

Document case files in a consistent, organized manner including all information obtained in the investigation to support the resulting decision of the claim, as well as for supportive documentation for criminal conviction, sentencing, restitution and insurance recovery in the BSA/AML software.

Completed course work in accounting, business, computer science, cybersecurity, criminology/criminal justice, economics, finance, global studies, forensic science or forensic psychology, homeland security, and sociology.