AML Analyst Job at Tata Consultancy Services, Longmeadow, MA

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  • Tata Consultancy Services
  • Longmeadow, MA

Job Description

Key Responsibilities 1. Alert Review & Analysis
• Review AML alerts generated in FCRM, identifying potential red flags such as structuring, high-risk/high-volume transactions, unusual patterns, or significant changes in customer behavior.
• Analyze the alerted activity along with 30 days of recent account activity to determine context, identify patterns, and assess legitimacy. 2. Customer & Transaction Research
• Conduct detailed customer profile checks by validating information against internal records to understand expected account behavior. 3. Alert Disposition & Escalation
• Determine the appropriate outcome for each alert: o Close alerts deemed non-suspicious with thorough justification, or 4. Documentation & Reporting
• Document findings, analysis, and decision rationale in the required FCRM format, ensuring accuracy, completeness, and adherence to regulatory expectations.
• Maintain audit-ready records that support the investigative process and decision outcomes. 5. Compliance & Risk Management
• Ensure all reviews and decisions comply with the Bank Secrecy Act (BSA), OFAC requirements, internal AML policies, and relevant regulatory guidelines.
• Support continuous enhancement of AML processes by identifying gaps or patterns in suspicious activity. Required Qualifications & Experience
• Bachelors degree in Finance, Business, Economics, Criminal Justice, Accounting, or related field (or equivalent experience).
• 24+ years of experience in AML, fraud, compliance, banking operations, or financial services.
• Experience with case management or transaction monitoring systems (e.g., FCRM) is preferred but not required. ________________________________________ Preferred Qualifications
• CAMS, CFE, or other compliance-related certification (in progress or completed).
• Prior experience in AML alert review, KYC, fraud investigation, or risk management. TCS Employee Benefits Summary:
• Discretionary Annual Incentive.
• Comprehensive Medical Coverage: Medical & Health, Dental & Vision, Disability Planning & Insurance, Pet Insurance Plans.
• Family Support: Maternal & Parental Leaves.
• Insurance Options: Auto & Home Insurance, Identity Theft Protection.
• Convenience & Professional Growth: Commuter Benefits & Certification & Training Reimbursement.
• Time Off: Vacation, Time Off, Sick Leave & Holidays.
• Legal & Financial Assistance: Legal Assistance, 401K Plan, Performance Bonus, College Fund, Student Loan Refinancing. Salary Range: $50,000 - $80,000 per year

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