Financial Crimes Compliance Analyst
Become a key member of the compliance team, focusing on protecting the integrity of the financial system by monitoring, reviewing, and analyzing alerts for potential money laundering activities. The analyst will be instrumental in ensuring that our firm adheres to all applicable laws, regulations, and guidelines related to anti-money laundering (AML) and counter-terrorist financing (CTF).
Key Responsibilities:
•Conduct thorough investigations on alerts generated from transaction monitoring systems to identify unusual patterns or suspicious activity.
•Analyze client transactional behavior against expected norms and investigate inconsistencies.
•Follow up on flagged transactions and conduct due diligence to ascertain their legitimacy.
•Document findings in a clear and concise manner for review by senior compliance staff or regulatory bodies as needed.
•Coordinate with other departments to collect necessary information pertaining to customer due diligence (CDD) and enhanced due diligence (EDD).
•Maintain a current understanding of AML regulations and be able to apply them effectively in day-to-day operations.
•Participate in regular training sessions to stay updated with new regulatory requirements and best practices in AML compliance.
•Work closely with the technology team to fine-tune transaction monitoring systems for optimal performance.
Requirements
•Bachelor’s degree in finance, accounting, criminal justice, legal studies or related field highly preferred
•Strong analytical skills with attention to detail and accuracy.
•Ability to work in a production environment with minimum thresholds for Key Performance Indicators (KPI) on a scorecard system
•Familiarity with technology and ability to toggle between applications and proficiency
•Excellent communication skills both verbal and written; ability to convey complex information clearly.
Ability to work independently while also being a collaborative team player.
Compensation: $23.00 / hour
Location: Onsite, In-Office