AML Analyst

Our client, a Commercial Banking company, is looking for a AML Analyst for their Chicago, IL/Hybrid location.

Responsibilities:

• Line of Business: Financial Investigations Unit (FIU) / U.S. Anti-Money Laundering (AML)
• The FIU is responsible for conducting AML investigations and enhanced due diligence reviews on high-risk customers.
• The team assesses customer risk by analyzing onboarding documentation, adverse media, PEP exposure, anticipated account activity, and related parties to ensure compliance with regulatory requirements and client risk appetite.
• The contractor will support business-as-usual Enhanced Due Diligence (EDD) activities for high-risk clients within the U.S. AML program.
• Responsibilities include performing onboarding reviews, assessing customer risk, researching adverse media, and conducting EDD reviews for alternative investment clients such as hedge funds and private equity firms.
• The AML Analyst will be responsible for the timely execution of Enhanced Due Diligence (EDD) reviews for potentially high-risk U.S. customers.
• The successful candidate will assess onboarding documentation, conduct external research, review adverse media, evaluate PEP exposure and anticipated account activity, and determine customer risk ratings and alignment with client risk appetite.
• Conduct Enhanced Due Diligence reviews for high-risk customers, with a strong focus on Alternative Investment Funds.
• Analyze customer onboarding documentation, ownership structures, anticipated activity, and associated risk factors.
• Perform adverse media and reputational risk research.
• Collaborate with AML, Legal, Risk Management, Sanctions, and business stakeholders to determine appropriate risk outcomes.
• Identify customers that fall outside of client risk appetite and escalate as required.
• Maintain and enhance AML procedures, job aids, and documentation.
• Support regulatory compliance initiatives and process improvement activities.
• Manage multiple reviews simultaneously while maintaining a high level of accuracy and attention to detail.
• Work closely with cross-functional partners including AML, Risk Management, Legal, and Sanctions teams.

Requirements:

• Tell me about your team (# of members, culture, etc): 14
• Highlights of the role; why would someone choose this role over another
• AML and Financial Investigations Unit supporting high-risk customer reviews.
• Exposure to complex Enhanced Due Diligence investigations involving alternative investment clients, hedge funds, and private equity firms.
• Hands-on experience assessing customer risk, reputational risk, sanctions exposure, negative news, and PEP relationships.
• Who Will the Candidate Be Working with on a Daily Basis:
• AML Analysts and Senior AML Analysts
• FIU Leadership
• U.S. AML and Enterprise AML teams
• Risk Management
• Legal
• Sanctions and Reputational Risk partners
• Business stakeholders supporting customer onboarding and reviews
• 3-5 years of AML/BSA (Bank Secrecy Act) experience within a banking or financial services environment.
• Experience conducting onboarding reviews for high-risk customers.
• Knowledge of AML regulations, governance, and compliance requirements.
• Strong investigative, analytical, and research skills.
• Experience assessing high-risk client relationships.
• Ability to work independently and manage multiple priorities.
• Experience supporting Alternative Investment clients, including hedge funds and private equity firms.
• Previous FIU experience at client or another financial institution
• Experience reviewing Transaction Monitoring investigations
• CAMS certification (not required)
• Prior experience working with U.S.
• AML/BSA regulations
• Experience with sanctions, reputational risk, or KYC programs
• Strong attention to detail.
• Excellent organizational and time management skills.
• Ability to work in a fast-paced, deadline-driven environment.
• Critical thinking and sound judgment.
• Strong stakeholder management skills.
• Collaborative team player.
• Self-motivated and disciplined with the ability to work independently.
• Effective verbal and written communication skills.

Why Should You Apply?

• Health Benefits
• Referral Program
• Excellent growth and advancement opportunities