AML Analyst

About the Role: AML Analyst

As an AML Analyst at Deloitte, you will play a vital role in helping organizations comply with regulations, mitigate risk, and detect illicit financial activity. Serving clients across various financial institutions, you will perform case investigations, assess potential AML and sanctions risks, formulate recommendations for case dispositions, and contribute to improving investigation processes.

Work You'll Do

As an AML Analyst, you will contribute to engagements in a variety of key areas:

• Transaction Monitoring & Analysis: Review daily transactions to detect suspicious patterns indicative of money laundering, such as structuring or unusual fund movements. Investigate flagged transactions by assembling timelines and supporting documentation, synthesizing evidence from multiple sources to build comprehensive cases. Respond to automated alerts, determining if activity warrants escalation.
• Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD): Collect and verify customer information for Know Your Customer (KYC) compliance, including identity, source of funds, and business purpose. Conduct rigorous Enhanced Due Diligence reviews for high-risk customers, such as politically exposed persons (PEPs) or those with complex ownership structures.
• Suspicious Activity Reporting (SAR): Prepare Suspicious Activity Reports for submission to regulatory bodies (e.g., FinCEN in the U.S.), articulating findings in clear, concise language. Ensure all supporting evidence and rationale are meticulously documented in line with legal and regulatory obligations.
• Regulatory Compliance & Audit Support: Review internal processes and controls to ensure strict compliance with AML regulations and policies. Assist with internal audits or regulatory examinations by gathering evidence, records, and testing results.
• Data Analysis & Trend Identification: Utilize statistical techniques and data analytics to identify emerging money laundering tactics and typologies. Present findings to stakeholders, highlighting risks, trends, and areas for improvement.
• Training & Policy Development: Help create or deliver AML training materials to front-line staff. Contribute insights to refine AML procedures and policies.

Regardless of the specific type of work, your role will require strong verbal and written communication skills, the ability to work independently and manage multiple responsibilities in a fast-paced environment, and problem-solving and critical thinking skills to drive innovation. You will need a collaborative mindset, quick learning abilities for new concepts and technologies, and proactive management of personal and professional growth. Proficiency with Microsoft Excel, Word, and PowerPoint is essential.

The Team

Our Deloitte team is crucial in embedding technology insights directly into our clients' organizational goals. Our consultants create sharply-focused solutions within an organization's operating model, considering its people, intellectual capital, technology, and processes. Engagement teams at Deloitte drive value for our clients and also prioritize 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 (e.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).
• Experience performing open-source research.
• Knowledge of payment processes and systems.