How much does an anti money laundering analyst make?
How much does an anti money laundering analyst make?
Anti Money Laundering Analyst Salary
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $83,000 | $6,916 |
| 75th Percentile | $76,500 | $6,375 |
| Average | $60,572 | $5,047 |
| 25th Percentile | $50,000 | $4,166 |
What does an anti money laundering analyst do?
An anti-money laundering analyst, also known as an AML analyst or AML surveillance analyst, has multiple responsibilities, including helping monitor and limit suspicious bank transactions. They often provide identification services for a bank or other financial institution to reduce the risk of a bad transaction.
How do I become an anti money laundering 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 an AML Compliance analyst Make?
How much does an AML Compliance Analyst in United States make? The highest salary for an AML Compliance Analyst in United States is $115,832 per year. The lowest salary for an AML Compliance Analyst in United States is $40,368 per year.
What do KYC Analyst do?
A KYC (Know Your Customer) Analyst primarily reviews documentation for new customer accounts, evaluates high-risk accounts and analyzes new customer processes and policies. They also study market trends and observe customer behavior patterns within the business in which they are employed.
How do I get a job in AML with no experience?
A great route for people with little experience is by working with Anti-Money Laundering (AML), Know Your Customer (KYC) and due diligence controls, experts say. Banks often hire for these roles on a temporary basis, said Owen, giving prospective compliance employees an opportunity for exposure.
Are AML jobs in demand?
In a time wrought with concerns over security, it’s no wonder that AML professionals are in high demand. There is also a lot of report writing involved in an AML career, so be sure to emphasize writing and communication skills as well as any analytical and investigative experience you may have.
How much does an AML analyst make per hour?
AML Analyst Salary
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $93,500 | $45 |
| 75th Percentile | $71,000 | $34 |
| Average | $64,239 | $31 |
| 25th Percentile | $50,500 | $24 |
How much does a KYC Analyst earn?
KYC Analyst Salary
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $82,000 | $6,833 |
| 75th Percentile | $74,500 | $6,208 |
| Average | $65,373 | $5,447 |
| 25th Percentile | $53,500 | $4,458 |
Is KYC Analyst a good career?
“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”.
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.
What is an AML Compliance Officer?
An AML Compliance Officer’s primary professional focus falls on the internal systems and controls that their institution puts in place to help detect, monitor and report money laundering activities to the authorities. Their job is to ensure that their institution is not exposed to criminal risk,…
What is an AML analyst?
An anti-money laundering (AML) analyst or officer basically investigates, monitors and manages suspicious financial activity. They are key personnel within a business to ensure all AML requirements are strictly followed, and to prevent businesses, companies, entities,…
What is an anti-money laundering specialist?
An anti-money laundering specialist is a financial industry professional who focuses on the prevention and detection of money laundering activity. Some belong to professional organizations and carry credentials to increase their employability. Others may get their training on the job and rely on experience when it comes to applying for work.
What is an AML investigator?
AML Investigators, or Anti-Money Laundering Investigators, are forensic accountants who have specialized training in anti-money laundering regulations in order to follow the flow of money through a financial institution’s accounts. Responsibilities included on sample resumes for AML Investigators include mitigating…
