Anti-Money Laundering Analyst Job Description [Updated for 2025]

In the modern financial landscape, the spotlight on Anti-Money Laundering (AML) analysts has never been more critical.

As financial transactions become increasingly complex, so does the need for skilled professionals who can detect, analyze, and prevent money laundering activities.

But let’s delve deeper: What’s truly expected from an AML analyst?

Whether you are:

• A job seeker trying to understand the core of this role,
• A hiring manager drafting the profile of the perfect candidate,
• Or simply fascinated by the intricate dynamics of anti-money laundering,

You’re in the right place.

Today, we present a customizable Anti-Money Laundering analyst job description template, designed for seamless posting on job boards or career sites.

Let’s dive right into it.

Anti-Money Laundering Analyst Duties and Responsibilities

Anti-Money Laundering (AML) Analysts are responsible for preventing and detecting any activities that might involve money laundering or terrorist financing.

They have a crucial role in risk management, law enforcement, and adherence to financial regulations.

The duties and responsibilities of an AML Analyst include:

• Conducting thorough research and analysis of data to identify suspicious activity and transactions
• Implementing and improving anti-money laundering procedures and controls
• Assisting with regulatory compliance audits and reviews
• Preparing detailed reports documenting the findings of suspicious activities
• Collaborating with management to provide advice and guidance on AML risk assessment
• Keeping up-to-date with current AML laws, regulations, and trends
• Conducting due diligence investigations in relation to customers
• Assisting in the design and delivery of AML training to employees
• Interacting with regulatory bodies and law enforcement agencies as required
• Reviewing and validating customer documents for compliance

 

Anti-Money Laundering Analyst Job Description Template

Job Brief

We are seeking a detail-oriented and experienced Anti-Money Laundering Analyst to join our team.

The ideal candidate will be responsible for conducting comprehensive analyses of complex financial transactions and reports to ensure compliance with local and international anti-money laundering (AML) regulations.

The candidate should also be able to identify potential risks and develop preventive measures.

 

Responsibilities

• Analyze financial data for potential money laundering, fraud, and other financial crimes.
• Prepare and submit regular reports on the analysis performed and cases investigated.
• Conduct thorough investigations of any suspicious activity.
• Keep abreast of all AML laws, regulations, and internal policies.
• Conduct customer due diligence to verify the identity of clients and assess potential risks.
• Assist with training other employees on AML procedures and regulations.
• Participate in the development and implementation of AML compliance programs.
• Collaborate with regulatory bodies as needed.

 

Qualifications

• A minimum of a Bachelor’s degree in Finance, Business Administration, or a related field.
• Proven experience in a similar role within the financial sector.
• Knowledge of relevant AML laws and regulations.
• Strong analytical and problem-solving skills.
• Excellent written and verbal communication skills.
• Ability to work independently and as part of a team.
• High level of integrity and professionalism.

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Anti-Money Laundering Analyst
• Work Environment: Office setting with potential for remote work. Some travel may be required for audits or regulatory meetings.
• Reporting Structure: Reports to the Anti-Money Laundering Compliance Officer or Risk Management Director.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $65,000 minimum to $90,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does an Anti-Money Laundering Analyst Do?

Anti-Money Laundering Analysts typically work in financial institutions or with law enforcement agencies.

They play a crucial role in the prevention and detection of money laundering and other financial crimes.

Their job includes conducting extensive research and analysis of account activities and transactions to identify suspicious activities that might be related to money laundering, terrorist financing, or other illicit financial activities.

They often use advanced data analysis tools to detect patterns and trends that could signal criminal activities.

They also monitor and ensure compliance with anti-money laundering (AML) laws and regulations.

This involves reviewing and updating AML policies and procedures, conducting risk assessments, and providing AML training to other staff members.

When they identify potential money laundering activities, they prepare and submit suspicious activity reports (SARs) to regulatory authorities and cooperate with investigations.

Anti-Money Laundering Analysts also communicate with customers to gather information, and they might work closely with other departments or institutions to ensure a comprehensive approach to anti-money laundering efforts.

In addition to these tasks, they often stay updated on the latest developments in financial crimes and related legislation, so they can update their strategies and techniques accordingly.

 

Anti-Money Laundering Analyst Qualifications and Skills

An Anti-Money Laundering Analyst should have a strong mix of analytical, decision-making, and communication skills, as well as deep knowledge of financial laws and regulations.

The specific qualifications and skills for this role include:

• Understanding of Anti-Money Laundering (AML) regulations and the ability to implement these regulations in various financial operations
• Strong analytical skills to review complex financial transactions and determine if activities are consistent with the client’s business profile
• Proficiency in using financial software systems to monitor and analyze customer transactions and detect any suspicious activities
• Excellent attention to detail to identify potential risks or red flags that indicate money laundering
• Strong decision-making skills to take appropriate actions when suspicious activity is detected
• Effective communication skills to report findings clearly and concisely to management, as well as collaborate with team members and other departments
• Ability to maintain up-to-date knowledge about money laundering schemes and tactics, regulatory updates, and new laws related to anti-money laundering efforts
• Problem-solving abilities to propose effective measures and processes to prevent money laundering activities

 

Anti-Money Laundering Analyst Experience Requirements

Entry-level Anti-Money Laundering (AML) Analyst candidates may have 1 to 2 years of experience, which can be gained through internships, part-time roles, or entry-level positions in compliance or risk management.

Relevant experience can also be obtained in roles such as Compliance Officer, Risk Analyst, or Audit Associate.

Candidates with more than 2 years of experience in AML roles often develop their understanding of anti-money laundering regulations, fraud detection techniques, and risk mitigation strategies.

They might also have experience in using AML software tools and conducting investigations related to suspicious activities.

Those with more than 5 years of experience are generally considered senior-level and may have leadership experience in their background.

These individuals are typically proficient in managing AML compliance programs, overseeing investigations, liaising with regulatory bodies, and training junior staff on AML policies and procedures.

They may be ready for a managerial or team-lead position, or a role in AML policy development.

In all cases, an understanding of the Bank Secrecy Act (BSA), the USA PATRIOT Act, and other anti-money laundering laws and regulations is considered essential.

Certification such as CAMS (Certified Anti-Money Laundering Specialist) is a plus and often preferred by employers.

 

Anti-Money Laundering Analyst Education and Training Requirements

Anti-Money Laundering (AML) Analysts usually require a bachelor’s degree in business, finance, criminal justice, or a related field.

These programs provide a foundation in understanding legal and ethical obligations, risk analysis, and financial investigation strategies.

In addition to a bachelor’s degree, AML Analysts often need experience in banking, finance, or a related field.

This experience provides practical skills and a solid understanding of financial regulations and protocols.

A master’s degree in business administration, finance, or law can be beneficial for those seeking senior positions.

AML Analysts should also seek certification from a recognized professional organization such as the Association of Certified Anti-Money Laundering Specialists (ACAMS).

Certification requires passing an examination and maintaining the credential through continuing education.

Knowledge of financial software systems, data analysis tools and familiarity with global financial regulations and standards are also essential for this role.

A high level of integrity, attention to detail, and excellent communication skills are also critical for success in this field.

 

Anti-Money Laundering Analyst Salary Expectations

An Anti-Money Laundering Analyst can expect to earn an average salary of $68,732 (USD) per year.

This salary can vary depending on the analyst’s level of experience, qualifications, and location, as well as the size and sector of the employing organization.

 

Anti-Money Laundering Analyst Job Description FAQs

What skills does an Anti-Money Laundering Analyst need?

An Anti-Money Laundering Analyst should possess strong analytical skills and be detail-oriented to identify suspicious transactions.

They should also have excellent communication skills to report their findings and collaborate with various departments effectively.

Knowledge in finance, banking laws, and regulations and proficiency in using software for data analysis are also essential.

 

Do Anti-Money Laundering Analysts require any specific degree?

Anti-Money Laundering Analysts usually hold a bachelor’s degree in Finance, Accounting, Criminal Justice, or a related field.

Some employers may also prefer candidates with advanced degrees or certifications such as Certified Anti-Money Laundering Specialist (CAMS).

 

What should you look for in an Anti-Money Laundering Analyst resume?

In an Anti-Money Laundering Analyst resume, look for a relevant educational background, previous experience in financial crime prevention, and knowledge of anti-money laundering laws and regulations.

Proficiency in data analysis tools and excellent communication skills are also important.

Certifications like CAMS are a bonus.

 

What qualities make a good Anti-Money Laundering Analyst?

A good Anti-Money Laundering Analyst is highly analytical, has excellent attention to detail, and possesses a comprehensive understanding of financial regulations and criminal law.

They should be able to work independently, make sound judgements, and have the ability to handle sensitive information with confidentiality.

 

What are the daily duties of an Anti-Money Laundering Analyst?

The daily duties of an Anti-Money Laundering Analyst include reviewing and monitoring transactions for suspicious activity, conducting investigations to identify possible money laundering or fraudulent activities, filing suspicious activity reports (SARs), and making recommendations to management on how to mitigate risks.

They may also need to collaborate with internal departments and law enforcement agencies.

 

Conclusion

And there you have it.

Today, we’ve unraveled the intricate world of being an Anti-Money Laundering Analyst.

Surprised?

It’s not just about scrutinizing transactions.

It’s about safeguarding the integrity of financial systems, one transaction at a time.

Armed with our handy Anti-Money Laundering Analyst job description template and actual case scenarios, you’re ready to dive in.

But why stop there?

Go further with our job description generator. It’s your next step to creating meticulous job listings or refining your resume to perfection.

Remember:

Every transaction analyzed contributes to a safer financial world.

Let’s create that world. Together.

How to Become an Anti-Money Laundering Analyst (Complete Guide)

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