Aml Analyst - Remediation Project

As an AML (Anti-Money Laundering) Analyst on the Remediation Project, you will play a crucial role in ensuring compliance with regulatory standards and mitigating financial risks. Your primary responsibilities will include clearing batch sanctions, screening/adverse news alerts, and following up on KYC (Know Your Customer) documents. You will collaborate with cross-functional teams to identify and resolve potential AML issues, ensuring the integrity of the organization's financial activities.

THIS IS A SHORT TERM CONTRACT ROLE.

Key Responsibilities:

• Contact customers or internal stakeholders to obtain missing or incomplete KYC information.
• Escalate and report any suspicious activities to the appropriate teams or regulatory authorities.
• Monitor real-time alerts generated by the screening system for potential matches to adverse news or watchlist entries.
• Conduct thorough investigations to identify any matches or potential violations.
• Conduct comprehensive investigations into flagged alerts, considering factors such as name matches, transactional data, and contextual information.
• Review and analyze batches of customer transactions against sanctioned individual and entity lists.
• Ensure prompt resolution of flagged alerts while adhering to regulatory guidelines and internal policies.
• Collaborate with relevant stakeholders to validate the alerts and determine appropriate actions.
• Review and assess customer documentation, including identification, proof of address, and beneficial ownership records.
• Ensure all required documents are obtained and maintained in accordance with established policies and regulatory requirements.
• Document findings and maintain accurate records of the sanction-clearing process.
• Identify and escalate any suspicious or fraudulent activities related to customer documents.

Qualifications and Skills:

• Excellent attention to detail and ability to work with a high level of accuracy.
• Ability to handle confidential information with integrity and professionalism.
• Bachelor's degree in Finance, Business Administration, or a related field (or equivalent work experience).
• Strong understanding of AML regulations, sanctions screening, adverse news, and KYC requirements.
• Effective communication and interpersonal skills for collaboration with internal and external stakeholders.
• Proficiency in using AML software and tools, such as transaction monitoring systems and customer due diligence platforms.