What does an AML risk analyst do?

What does an AML risk analyst do?

They: Investigate and measure the risks of a business’ financial activity. Monitor and control activities that are considered higher risks. Routinely communicate with regulators and auditors to explain their strategies to monitor, control and prioritise risks.

How do I become an AML analyst?

You must have a Certified Anti-Money Laundering Specialist (CAMS) accreditation, and we prefer that you have a bachelor’s degree in finance or economics. Experience dealing with personal finance, whether as a financial analyst or in a portfolio management position, is also beneficial.

How much do AML officers make?

Salary Ranges for BSA/AML Compliance Officers The salaries of BSA/AML Compliance Officers in the US range from $53,850 to $169,940 , with a median salary of $104,850 . The middle 60% of BSA/AML Compliance Officers makes $104,850, with the top 80% making $169,940.

How much does AML analyst make?

AML Analyst Salary

	Annual Salary	Weekly Pay
Top Earners	$93,500	$1,798
75th Percentile	$71,000	$1,365
Average	$64,239	$1,235
25th Percentile	$50,500	$971

What degree do you need to be an AML analyst?

To get this job, you’ll need a Bachelor’s degree or at least 3 years of experience in banking Risk & Compliance. A Bachelor’s degree in research, business, accounting or criminal justice will help you get the job.

What makes a good AML analyst?

The best AML analysts are meticulous and thorough while being able to remain organized and balancing multiple cases. Keep the financial system in mind when conducting reviews and think multiple steps ahead. Think like a criminal! AML analysts cannot merely complete a checklist when conducting a review.

Why do you want to be an AML analyst?

The heart of being an AML Analyst is to prevent money laundering. Money laundering is a major risk to society. It gives criminals the financial ability to pay for and continue to commit crimes. You’ll follow procedures for requiring identification to verify new and existing customers.

Is KYC Analyst a good job?

“Because the field of finance is quite varied, there are several opportunities for KYC professionals to grow. A graduate starting in a KYC Analyst position can therefore count on exciting career and growth opportunities within the financial services industry”.

Is AML in demand?

The rise of data breaches and trade-based money laundering has led to a growing demand for Anti-money laundering (AML) investigators. With so few candidates in this market, employers need to focus on how to better attract and retain these highly skilled professionals.