Anti Money Laundering (AML) Analyst
As an Anti-Money Laundering (AML) Analyst, you’ll play a vital role in helping organizations comply with regulations, mitigate risk, and detect illicit financial activity. Serving clients across financial institutions, you’ll perform case investigations, assess potential AML and sanctions risks as they arise throughout case investigations, formulate recommendations for case dispositions, and provide input to improve case investigations.
Work You’ll Do
As an Anti-Money Laundering Analyst, you will contribute to engagements in a variety of ways:
- Transaction Monitoring & Analysis
- Detecting Suspicious Activity: Review daily transactions for patterns indicative of money laundering, such as structuring, rapid movement of funds, or activities inconsistent with a customer's profile.
- Investigation: Dive deeper into flagged transactions, assembling timelines and supporting documentation. Analysts often synthesize evidence from multiple sources to build a case.
- Alert Management: Respond to alerts generated by automated monitoring systems, determining whether activity warrants escalation.
- Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD)
- KYC (Know Your Customer): Collect and verify customer information, including identity, source of funds, and business purpose.
- EDD Reviews: Conduct more rigorous investigations for high-risk customers, such as politically exposed persons (PEPs) or those with complex ownership structures.
- Suspicious Activity Reporting (SAR)
- Report Drafting: Prepare Suspicious Activity Reports for submission to regulatory bodies (e.g., FinCEN in the U.S.), articulating findings in clear, concise language.
- Documentation: Ensure all supporting evidence and rationale are well-documented in line with legal and regulatory obligations.
- Regulatory Compliance & Audit Support
- Testing Controls: Review internal processes and controls to ensure compliance with AML regulations and policies.
- Audit Preparation: Assist with internal audits or regulatory examinations by gathering evidence, records, and testing results.
- Data Analysis & Trend Identification
- Pattern Analysis: Use statistical techniques and data analytics to spot emerging money laundering tactics and typologies.
- Reporting: Present findings to stakeholders, highlighting risks, trends, and improvement areas.
- Training & Policy Development
- Staff Training: Help create or deliver AML training materials to front-line staff.
- Policy Advice: Contribute insights to help refine AML procedures and policies.
Regardless of type of work, your work may require:
- Strong verbal and written communication skills for effective client and team interactions
- Ability to work independently and manage multiple responsibilities in a fast-paced environment
- Problem-solving and critical thinking skills to drive innovation and operational improvements
- Collaborative mindset with the ability to communicate across Deloitte teams and client stakeholders
- Quick to learn and apply new concepts, frameworks, and emerging technologies
- Proactive in managing personal and professional growth and expanding consulting skills
- Solid understanding of Windows-based systems and proficiency with Microsoft Excel, Word, and PowerPoint
The Team
Our Deloitte team plays a major role in directly embedding technology insights into our clients’ organizational goals. At Deloitte, our consultants create sharply-focused solutions within an organization’s operating model, accounting for its people, intellectual capital, technology, and processes. Engagement teams at Deloitte drive value for our clients but also understand the importance of developing resources and contributing to the communities in which we work. We make it our business to take issue to impact, both within and beyond a client setting.
Required Qualifications
- Bachelor’s Degree in Accounting, Finance, Economics, Criminal Justice, or Law
- Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future
- Ability to travel up to 50%, on average, based on the work you do and the clients and industries/sectors you serve
- Must live within a commutable distance to your assigned office (g. 100-mile radius) with the ability to commute daily, if required, upon start date
Preferred Qualifications
- Prior experience with or working knowledge of a variety of tools including, but not limited to:
- Legal research tools (e.g., Lexis Nexis, Westlaw)
- KYC platforms (e.g., Fenergo)
- Transaction monitoring systems (e.g., NICE Actimize)
- Performing open-source research
- Payment processes and systems
Information for applicants with a need for accommodation: https://www2.deloitte.com/us/en/pages/careers/articles/join-deloitte-assistance-for-disabled-applicants.html
For individuals assigned and/or hired to work in New York state, Deloitte is required by law to include a reasonable estimate of the compensation range for this role. This compensation range is specific to New York state and takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $63,200 to $110,500.
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