Fraud Investigation, AML Analyst Job Description Template
As a Fraud Investigation, AML Analyst, you will be responsible for investigating suspicious activities to detect and prevent fraudulent transactions and money laundering. You will work with various teams and use advanced analytical tools to ensure compliance with regulatory requirements.
Responsibilities
- Conduct detailed investigations of suspicious financial activities.
- Analyze transaction data to identify potential fraud and money laundering schemes.
- Prepare and file Suspicious Activity Reports (SARs) in a timely manner.
- Collaborate with internal teams and external agencies to gather relevant information.
- Maintain up-to-date knowledge of AML regulations and compliance requirements.
- Provide recommendations for enhancing internal controls and mitigating fraud risks.
- Assist in the development and implementation of AML policies and procedures.
Qualifications
- Bachelor's degree in finance, accounting, criminal justice, or a related field.
- 2+ years of experience in fraud investigation or AML compliance.
- Strong understanding of AML regulations and financial crimes.
- Excellent analytical and problem-solving skills.
- Attention to detail and high level of accuracy.
- Ability to work independently and manage multiple investigations simultaneously.
- Strong communication skills, both written and verbal.
Skills
- AML Compliance
- Fraud Investigation
- Data Analysis
- Transaction Monitoring
- Report Writing
- Regulatory Knowledge
- Communication
- Detail-oriented
- Problem-solving
Frequently Asked Questions
A Fraud Investigation, AML Analyst plays a crucial role in detecting, investigating, and preventing fraudulent activities and money laundering. They analyze financial data, transactions, and patterns to identify suspicious activities. The analyst collaborates with compliance teams, law enforcement, and financial institutions to ensure regulatory compliance and mitigate risks of financial crimes.
To become a Fraud Investigation, AML Analyst, one typically needs a bachelor's degree in finance, accounting, criminology, or a related field. Many analysts seek additional certifications such as CAMS (Certified Anti-Money Laundering Specialist) or CFE (Certified Fraud Examiner). Experience in financial investigations or related fields can significantly enhance a candidate's profile.
The average salary for a Fraud Investigation, AML Analyst varies based on factors like experience, location, and the industry. In general, salary ranges for this role are competitive and reflect the high demand for skilled professionals capable of handling complex financial investigations and ensuring compliance with anti-money laundering regulations.
A Fraud Investigation, AML Analyst typically requires a bachelor's degree in finance, business administration, accounting, or a related discipline. In addition, possessing certifications such as CAMS or CFE can be advantageous. Strong analytical skills, attention to detail, and an understanding of regulations related to financial crimes are critical qualifications for this role.
A Fraud Investigation, AML Analyst must possess strong analytical and investigative skills, as well as the ability to handle sensitive and confidential information. Key responsibilities include reviewing financial transactions, preparing detailed reports, and maintaining updated knowledge of regulatory requirements. Professionals must be adept at communicating findings to various stakeholders and working collaboratively with compliance and legal teams.