AML Associate

Top-Tier Bank in Midtown, Manhattan is seeking an AML Associate for a full-time position!

Responsibilities:

• Investigate transaction monitoring alerts to identify unusual activity, potential financial crime risks, and possible regulatory concerns.


• Review customer profiles, transaction histories, and related financial information to assess activity against expected account behavior.


• Conduct detailed research using internal banking systems, public records, and external information sources.


• Evaluate complex domestic and international payment activity, including transactions involving correspondent banking relationships.


• Prepare comprehensive investigative reports documenting findings, risk assessments, and recommended dispositions.


• Identify potentially suspicious activity and assist with Suspicious Activity Report (SAR) preparation and supporting documentation.


• Coordinate information requests with internal business units and track outstanding investigative items.


• Review trade finance activity for potential AML risks and unusual transaction patterns.


• Support enhancements to transaction monitoring processes, including system testing, alert optimization, and workflow improvements.


• Assist with compliance reporting, investigative metrics, and other financial crime prevention initiatives.


• Maintain accurate case records and ensure investigations are completed in accordance with regulatory expectations and internal standards.

Qualifications:

• Bachelor's degree required.


• Minimum of 3 years of BSA/AML experience within banking, financial services, or a regulatory environment.


• Prior experience investigating correspondent banking transactions and relationships is required.


• Strong understanding of AML regulations, transaction monitoring, suspicious activity identification, and SAR reporting.


• Experience reviewing international payments, cross-border transactions, or trade finance activity preferred.


• Familiarity with transaction monitoring platforms; NICE Actimize experience is a plus.


• CAMS certification preferred.


• Strong investigative, analytical, and written communication skills.


• Ability to independently manage multiple investigations and competing priorities.


• Proficiency in Microsoft Excel, Word, and other business applications.