What does an AML analyst do?

An anti-money laundering analyst is a professional who investigates and monitors financial activity and transactions that appear to be suspicious. They are also responsible for helping businesses comply with all anti-money laundering rules and regulations to prevent audits or money-laundering accusations.

What is AML Citibank?

Citi is committed to the fight against money laundering and leading the way in Responsible Finance. Money laundering is the process by which the illegal origin of wealth is disguised to avoid the suspicion of law enforcement authorities.

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.

How much does a first year analyst at Citi make?

The New York-based company increased base salaries for first-year analysts to $110,000, while those in their second and third years will now receive $125,000, according to a person with knowledge of the matter.

What is AML KYC analyst?

KYC Analysts are primarily involved in or knowledgeable about anti-money laundering (AML) processes and procedures. KYC Analysts work primarily for banks or lending institutions, though they can be employed in other types of businesses, such as manufacturing, technology or consulting firms.

Is Anti-Money Laundering a good career?

According to the Bureau of Labor Statistics, the career outlook for financial analysts including anti-money laundering analysts is projected to grow 6% between now and 2028. This growth rate is on par with other occupational job outlooks.

What is AML KYC job?

The Compliance AML KYC Analyst 1 is an entry-level position responsible for participating in Anti-Money Laundering (AML) monitoring, governance, oversight and regulatory reporting activities in coordination with the Compliance and Control team.

What are AML documents?

AML Documents means any anti-money laundering documentation required under the Anti-Money Laundering Code; Sample 2.

Is Anti Money Laundering a good career?

Is KYC Analyst a good job?

This has resulted in every other bank investing highly on their Client onboarding / Know Your Client / Anti Money Laundering teams. Therefore there is some really good scope in this field.

How many hours do investment banking analysts work?

Investment banking analysts generally work 80-110 hour workweeks – expect to have very little free time outside of the office, especially during the first year on the job.