AML Analyst

AstroPay is seeking a detail-oriented and experienced AML Analyst to join our Compliance team. The successful candidate will be responsible for monitoring and investigating potential anti-money laundering (AML) activities, dealing with high-risk customers, and managing ongoing remediation projects. The AML Analyst will work closely with various departments to ensure compliance with AML regulations and to safeguard the company from financial crime risks.

Primary Responsibilities & Expectations:

Monitoring and Clearing Alerts:

• Review and analyze alerts generated by Lexis Nexis and Hawk.ai systems.
• Investigate transaction monitoring alerts to identify potential money laundering, fraud, or terrorist financing activities.
• Escalate cases requiring further investigation to the AML Compliance Officer/MLRO.

Dealing with High-Risk Customers:

• Conduct enhanced due diligence (EDD) on high-risk customers, including those classified as Politically Exposed Persons (PEPs).
• Monitor and assess high-risk accounts for unusual or suspicious activities.
• Handle potential sanction hits by investigating and determining the legitimacy of flagged transactions.

Ongoing Remediation Projects:

• Participate in and manage ongoing remediation projects to address compliance gaps or deficiencies.
• Ensure all customer information is up-to-date and accurate, and conduct periodic reviews as required.

Sanction Screening and PEP Management:

• Perform sanction screening and manage PEPs, ensuring all necessary checks are conducted according to regulatory requirements.
• Investigate and report any identified PEPs or sanction hits in compliance with company policy and legal obligations.

Data Analysis and Reporting:

• Utilise Looker and other data analysis tools to monitor and analyze customer data.
• Prepare and present reports on AML activities, risks and trends to senior management.
• Continuously assess and improve the effectiveness of AML monitoring systems and processes.

Collaboration and Communication:

• Work closely with other departments, including Legal, Risk, fraud and Operations, to ensure a coordinated approach to AML compliance.
• Provide training and support to other team members on AML processes and procedures.
  
  

Core Competencies and Skills:

• Educational and Professional Background: Bachelor’s degree in Law, Finance, or a related field.
• Experience and Expertise: Minimum of 5 years of experience in AML/CTF and compliance, with at least 2 years in the FinTech or payment services industry. Proven experience in building compliance programs and teams from the ground up and managing and scaling a team.
• Regulatory Knowledge: In-depth understanding of  AML/CTF regulations and broader regulations affecting local compliance programs within LATAM and the EU.. 
• Detail-Oriented: Rigorous attention to detail, especially in compliance document preparation and review.
• Collaborative Mindset: Ability to work seamlessly with internal and external teams, ensuring effective communication and coordination.
• Advanced Analytical and Risk Management Skills: Proficient in assessing and managing risks, with the ability to recommend preventive and corrective measures.
• Communication Skills: Excellent communication skills, both written and verbal.