Purple Drive
Job Summary:
The AML Operations Analyst plays a critical role in identifying, investigating, and reporting suspicious financial activities to ensure compliance with Anti-Money Laundering (AML) regulations. This position supports the organization's efforts to prevent financial crimes such as money laundering, terrorist financing, and fraud.
Key Responsibilities:
Conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for new and existing clients.
Monitor and analyze financial transactions to detect suspicious patterns or activities.
Review alerts generated by AML systems (e.g., OFAC, PEP, Watchlist) and escalate as needed.
Prepare and file Suspicious Activity Reports (SARs) in accordance with regulatory requirements.
Assist in the development and implementation of AML policies, procedures, and training programs.
Collaborate with internal teams and external regulatory bodies to resolve compliance issues.
Maintain accurate documentation of investigations and findings.
Stay updated on AML laws, regulations (e.g., BSA, USA PATRIOT Act), and industry best practices.
Support audits and regulatory reviews by providing necessary documentation and insights.
Participate in AML-related projects and system enhancements.
The AML Operations Analyst plays a critical role in identifying, investigating, and reporting suspicious financial activities to ensure compliance with Anti-Money Laundering (AML) regulations. This position supports the organization's efforts to prevent financial crimes such as money laundering, terrorist financing, and fraud.
Key Responsibilities:
Conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for new and existing clients.
Monitor and analyze financial transactions to detect suspicious patterns or activities.
Review alerts generated by AML systems (e.g., OFAC, PEP, Watchlist) and escalate as needed.
Prepare and file Suspicious Activity Reports (SARs) in accordance with regulatory requirements.
Assist in the development and implementation of AML policies, procedures, and training programs.
Collaborate with internal teams and external regulatory bodies to resolve compliance issues.
Maintain accurate documentation of investigations and findings.
Stay updated on AML laws, regulations (e.g., BSA, USA PATRIOT Act), and industry best practices.
Support audits and regulatory reviews by providing necessary documentation and insights.
Participate in AML-related projects and system enhancements.