Role Title

AML Associate (Financial Crime Compliance)

Department

Financial Crime Compliance, AML

Reports To

AML Manager / Financial Crime Compliance Manager / MLRO function (structure dependent)

Role Purpose

Support the bank’s AML program through transaction monitoring review, investigations support, escalation, and regulatory-quality documentation. The AML Associate helps identify suspicious activity, applies typology-based thinking, and ensures cases are handled consistently within policy and risk appetite.

Core Responsibilities

Transaction Monitoring and Case Review

• Review transaction monitoring alerts and customer activity against expected behavior

• Apply bank policies, typologies, and red flags to determine if activity is reasonable or requires escalation

• Document decisions clearly with a defensible rationale and complete audit trail

Investigations Support

• Conduct investigations into potentially suspicious activity using internal systems and available data sources

• Request and assess supporting information from relevant stakeholders where applicable

• Draft investigation summaries and recommend next steps: close, monitor, restrict, escalate

Escalation and Reporting Support

• Escalate higher-risk cases to AML Investigations, MLRO, or relevant governance forums per procedure

• Support STR or SAR drafting packs by consolidating facts, timelines, and evidence

• Assist with responses to internal control testing, audit requests, and compliance queries

Controls and Quality

• Follow QA standards and contribute to continuous improvement by flagging recurring issues and control gaps

• Maintain productivity and SLA compliance without compromising quality

Required Experience and Skills

• 1 to 3 years experience in AML, financial crime operations, investigations, or transaction monitoring within a bank or regulated institution

• Strong understanding of AML and CFT fundamentals, risk-based approach, and documentation standards

• Ability to analyze transactions and form a clear, defensible narrative

• High attention to detail and disciplined case management

Preferred

• Exposure to common TM tools and case management platforms

• Familiarity with sanctions, fraud, or KYC workflows

• ICA, ACAMS, or similar certification (nice to have)

Key Performance Indicators

• QA pass rate and defect rate

• SLA adherence and alert handling throughput

• Escalation quality: completeness, clarity, evidence strength

• Reduction in rework and recurring errors