Anti-Money Laundering/Transaction Monitoring Analyst

Key Responsibilities:

1. Transaction Monitoring

• Review transaction alerts generated by monitoring systems for unusual or suspicious activity.
• Analyze customer transactions for patterns and behaviors that may indicate money laundering or financial crimes.
• Perform detailed investigations using internal systems and external databases.
• Assess transactions involving high-risk jurisdictions, industries, or clients.

2. Alert Handling and Disposition

• Determine whether flagged alerts are genuine or false positives based on supporting documentation and customer profiles.
• Escalate alerts as necessary, with appropriate justifications, for further review or filing of Suspicious Activity Reports (SARs) or Suspicious Transaction Reports (STRs).
• Document all findings, investigations, and decisions clearly and concisely in accordance with regulatory standards and audit requirements.

3. Regulatory Compliance

• Ensure that all transaction monitoring activities comply with internal AML policies, local and international regulatory frameworks (e.g., BSA, FATF, OFAC, EU AMLD).
• Stay updated on changes in AML laws, guidelines, and typologies.
• Support timely and accurate filing of SARs/STRs with relevant authorities when required.

4. Investigation and Risk Assessment

• Conduct in-depth analysis of customer profiles, account activity, and payment behavior.
• Utilize tools like LexisNexis, World-Check, or internal KYC systems to assess customer risk levels.
• Identify trends or typologies associated with laundering schemes such as layering, structuring, smurfing, or trade-based laundering.

5. Cross-Functional Collaboration

• Work closely with KYC/CDD teams, sanctions screening teams, and fraud analysts to obtain additional information and ensure a comprehensive review.
• Liaise with Legal and Compliance teams for policy interpretation and regulatory updates.
• Support audit and regulatory reviews by providing well-documented case files and reports.

6. Continuous Process Improvement

• Recommend enhancements to transaction monitoring rules and thresholds based on investigation findings.
• Participate in calibration and tuning exercises to reduce false positives and improve alert quality.
• Contribute to AML training, policy updates, and development of standard operating procedures.