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Anti-Money Laundering AML Specialist

Anti-Money Laundering Specialist Job Description

Candidates must have a bachelor’s degree in business, finance or a related filed and at least four years of experience with fraud or money-laundering investigations. Proven investigative and analytical skills, as well as case report writing experience, are preferred. Anti-money laundering specialists must be knowledgeable in forensic accounting, statistical data mining and risk management. Some firms look for candidates with the certified anti-money laundering specialist (CAMS) and certified fraud examiner (CFE) certifications.

Typical anti-money laundering specialist duties:

Conducting investigations of potential money laundering or fraud and filing regulatory reports according to legal requirementsDeveloping and implementing key anti-money laundering initiativesParticipating in committees to review and improve anti-money laundering policies and proceduresReviewing transaction data to detect fraud or money laundering trends to support investigationsOrganizing documentation and evidence resulting from investigationsPreparing cases for criminal prosecution or presenting evidence to law enforcementProviding testimony in criminal and civil proceedings as necessaryStaying current with regulatory compliance requirements and changes from government and industry boards such as the Consumer Financial Protection Bureau and Office of the Comptroller of Currency

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Salary for Anti-Money Laundering AML Specialist
71750 - 104250
25th percentile
71750
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
90250
The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.
75th percentile
104250
The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.
Projected salaries for related positions Position title 25th percentile 50th percentile 75th percentile Chief Compliance Officer – Financial Services 169750 196250 229500 Compliance Officer – Financial Services 97750 131750 144500 Compliance Manager – Financial Services 87500 119000 140750 Compliance Analyst – Financial Services 79000 100250 113000 Fraud Investigator 63250 79750 92000 Regulatory Affairs Specialist 78500 97250 109750

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