Compliance Analyst
Compliance Analyst - AML
Location: New York Metro Area (Onsite)
Compensation: $80,000 - $100,000 base salary + discretionary bonus + comprehensive benefits
Overview
A leading financial services organization is seeking a Compliance Analyst to join its Anti-Money Laundering (AML) team. This individual will help support AML compliance initiatives, due diligence efforts, regulatory monitoring activities, and compliance reporting processes. This is an excellent opportunity for a compliance professional looking to expand their experience within a sophisticated and fast-paced environment.
Key Responsibilities
- Support the ongoing administration and enhancement of the firm's AML compliance program.
- Monitor regulatory developments and assist in evaluating their impact on compliance policies, procedures, and controls.
- Conduct due diligence reviews and assist with risk-based assessments of clients, counterparties, or business relationships.
- Perform enhanced due diligence reviews on higher-risk parties and escalated matters.
- Assist with sanctions screening, AML investigations, and the review of potential compliance concerns.
- Prepare and maintain compliance reports, documentation, and records.
- Partner with business stakeholders on AML and regulatory compliance matters.
- Support internal audits, regulatory examinations, compliance testing, and remediation efforts.
- Assist with compliance training and related awareness initiatives.
Qualifications
- Bachelor's degree required.
- 1-4 years of AML, compliance, financial crimes, risk, audit, legal, or regulatory experience.
- Strong understanding of AML, KYC, sanctions, and due diligence principles.
- Familiarity with regulatory requirements including BSA/AML and OFAC regulations.
- Strong analytical, investigative, and problem-solving skills.
- Excellent written, verbal, and interpersonal communication abilities.
- Ability to manage multiple priorities and meet deadlines in a dynamic environment.
- ACAMS certification, or progress toward obtaining it, is a plus.
Preferred Background
- Experience supporting AML, KYC, sanctions, compliance, or financial crimes programs within a regulated financial services environment.
- Exposure to client due diligence, enhanced due diligence, risk assessments, and ongoing monitoring activities.
- Experience reviewing high-risk relationships and investigating potential compliance concerns.
- Familiarity with AML regulatory requirements and industry best practices.
- Experience supporting regulatory examinations, audits, compliance testing, or control reviews is preferred.
- Candidates with experience in investment management, asset management, wealth management, broker-dealer, capital markets, or other financial services environments are encouraged to apply.
- Experience within investment-related financial services organizations is preferred over traditional retail banking-only AML backgrounds.
FAQs
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