What are the responsibilities and job description for the Anti-Money Laundering Associate position at Leeds Professional Resources?
We are seeking an AML Analyst to join our client's team. This role investigates suspicious financial activity (alerts) using monitoring systems, conducts deep-dive research on clients (CDD/EDD), files Suspicious Activity Reports (SARs), ensures OFAC/sanctions compliance, and collaborates with Legal/Ops, focusing on FINRA/SEC rules to prevent money laundering, terrorism financing, and fraud within the securities environment, requiring strong analytical, communication, and risk management skills.
Core Responsibilities
- Alert Investigation: Analyze alerts from transaction monitoring systems (like Actimize) for potential illicit financial activity.
- SAR Filing: Prepare and file Suspicious Activity Reports with FinCEN for high-risk cases within regulatory deadlines.
- Customer Due Diligence (CDD/EDD): Perform enhanced due diligence on high-risk clients, including Politically Exposed Persons (PEPs) and complex structures, checking for negative news.
- Regulatory Compliance: Ensure adherence to BSA/AML, OFAC, Patriot Act, FINRA, and SEC regulations.
- Sanctions Screening: Review and resolve OFAC/sanctions-related transaction alerts.
- Reporting & Escalation: Document investigations, escalate findings to management, and potentially respond to law enforcement requests.
- Policy & Training: Assist in updating AML policies, procedures, and delivering internal training.
- Cross-Functional Collaboration: Work with Legal, Operations, Tech, and business units on compliance matters.
Key Skills & Qualifications
- Knowledge: Strong understanding of AML/BSA regulations, money laundering typologies, and the securities industry.
- Analytical: Ability to analyze complex data, identify patterns, and make informed conclusions.
- Technical: Proficiency with AML software, internal systems, and research tools.
- Communication: Excellent written and verbal skills for reports and inter-departmental communication.
- Organizational: Strong time management, prioritization, and multitasking abilities.
- Education/Experience: Bachelor's degree often required, with experience in compliance, audit, or financial crime.
Salary : $70,000 - $80,000