Financial AML Compliance Analyst
W2 CONTRACT | Initial – 6 months / Potential – Long term
Plano, TX | Onsite
$45-50/hr | Benefit Options
We are seeking an experienced Compliance Analyst to support anti-money laundering (AML) and Bank Secrecy Act (BSA) compliance efforts within a banking environment. This role will be responsible for conducting AML investigations, enhanced due diligence (EDD) reviews, customer risk assessments, transaction monitoring, and regulatory reporting.
Top Required Skills
- BSA/AML Compliance & Regulatory Knowledge
- AML Investigations & Enhanced Due Diligence (EDD)
- Banking & Auto Lending Experience
- Transaction Monitoring & Risk Assessment
- Strong Analytical and Critical Thinking Skills
Key Responsibilities
- Conduct thorough investigations of suspicious transactions and activities.
- Perform enhanced due diligence (EDD) reviews on high-risk customers.
- Assess and assign risk ratings for deposit and commercial lending customers during onboarding.
- Monitor and analyze financial transactions to identify potential money laundering activities.
- Prepare Suspicious Activity Reports (SARs) and other reports required by regulatory agencies.
- Collaborate with law enforcement and external agencies as needed.
- Assist with the development and delivery of AML training programs.
- Stay current on AML/BSA regulations, compliance requirements, and industry best practices.
- Support the BSA/AML Officer with additional projects and compliance initiatives.
Required Qualifications
- Bachelor’s degree or equivalent combination of education and experience.
- 5+ years of BSA/AML compliance experience within a bank or financial institution.
- 4+ years of experience conducting AML investigations, EDD reviews, and/or fraud investigations.
- Banking experience required.
- Auto lending experience required.
- Strong understanding of BSA/AML regulations, compliance processes, and risk management practices.
- Experience using AML monitoring systems and data analysis tools.
- Excellent analytical, organizational, and problem-solving skills.
- Strong written and verbal communication abilities.
- Ability to work independently and collaboratively in a team environment.
Preferred Qualifications
- Experience within auto finance organizations.
- Previous experience working with high-risk customer reviews and regulatory reporting.
- AML or compliance-related certifications are a plus.
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