Anti-Money Laundering Analyst

About This Role

The AML Analyst assists the Compliance Department in establishing and implementing internal procedures related to Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), Counter-Proliferation Financing (CPF), Foreign Account Tax Compliance Act (FATCA), and Common Reporting Standard (CRS). The role supports the Compliance Department in ensuring an appropriate framework, governance structure, and controls are in place to maintain compliance across the Insurance Division in line with applicable regulatory requirements.

Responsibilities

• Assist the Compliance Department in the development and implementation of AML, CTF, CPF, FATCA, and CRS policies and procedures
• Regularly coordinate and follow up with internal departments to obtain required due diligence documents
• Execute due diligence activities in accordance with defined processes and applicable regulatory guidelines
• Complete enterprise-wide risk assessments and client risk assessments in accordance with established procedures and regulatory requirements
• Track and manage relevant documentation in accordance with the record retention policy
• Ensure all reporting timelines are met in accordance with agreed Turnaround Times (TATs)
• Support the screening and transaction monitoring systems review and implementation
• Identify red flags and control issues relating to KYC and client onboarding
• Conduct investigations and prepare Suspicious Activity Reports (SARs) and Suspicious Transaction Reports (STRs)
• Liaise with regulators and supervisors in connection with the AML, CTF, CPF, FATCA, CRS program and related regulatory matters
• Build strong partnerships with Internal Audit, Operations, Business Development, and other stakeholders in connection with the AML, CTF, CPF, FATCA, and CRS programs
• Work with leaders across the organization to address and resolve related open issues in a timely and effective manner
• Seek AML, CTF, CPF, FATCA, and CRS compliance advice from the Compliance Committee, and organize and participate in Compliance Committee meetings
• Ensure the timely filing of regulatory reports with the relevant regulator
• Develop training presentations and conduct training relating to AML, CTF, CPF, FATCA, and CRS
• Assist in the planning and execution of AML, CTF, CPF, FATCA, and CRS compliance reviews, including the analysis of results
• Work with business lines during testing to understand control processes and identify action plans to address control deficiencies
• Communicate with various levels of management to ensure compliance with applicable regulatory and internal requirements
• Maintain ongoing awareness and current knowledge of all applicable internal and external AML, CTF, CPF, FATCA, and CRS regulatory requirements, and identify any issues that could impact the Institution