AML Analyst

First Command • Full-Time/Regular • Fort Worth, US • 5h ago

How will your role impact First Command?

The Anti-Money Laundering (AML) Analyst supports the AML Program for First Command Brokerage Services (FCBS) and First Command Advisory Services, Inc. (FCAS). This role performs Customer Identity Program (CIP) verification, conducts Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews, monitors transactions for potentially suspicious activity, and supports compliance with regulatory obligations under the Bank Secrecy Act (BSA), USA PATRIOT Act, SEC, FINRA, and other applicable authorities. The AML Analyst utilizes internal systems and analytical tools to identify unusual activity and escalate findings for review and reporting.

What will the employee do in this position?

Conduct CIP verification using internal and third‑party tools.
Contribute to the development, implementation, and enhancement of AML procedures, including CIP, CDD, EDD, and surveillance processes.
Perform CDD and EDD reviews for new and existing clients, including periodic and event‑driven reviews.
Review alerts and conduct AML surveillance using various software platforms to detect suspicious activity.
Identify, research, and document unusual activity findings; escalate to senior compliance staff as appropriate.
Support collection and analysis of documentation related to AML reviews, including source‑of‑funds, high‑risk indicators, and account behavior analysis.
Assist in responding to FinCEN 314(a) requests and coordinating information sharing under 314(b) where applicable.
Maintain accurate records of AML reviews and ensure compliance with regulatory retention requirements.
Support periodic AML program testing, risk assessments, and internal audit/examination requests.
Collaborate with cross‑functional teams (e.g., Fraud Prevention, Advisory Supervision) to ensure alignment on AML‑related activities.
Participate in ongoing AML training and contribute to process‑improvement initiatives.
Draft SARs as required under the Bank Secrecy Act and FINRA/SEC rules and regulations;
Assist with the creation and delivery of annual and ad hoc AML training for First Command Home Office personnel and its field advisors;
Coordinate and respond to Financial Crimes Enforcement Network (FinCEN) 314(a) requests;
Coordinate with outside financial institutions via 314(b) information sharing requests;
Conduct AML surveillance using various software programs to detect suspicious activity and report this activity to the appropriate authorities;
Work cross‑functionally with First Command teams to strengthen identified controls and drive timely implementation of control enhancements.
Contact proper state agencies / authorities when abuse of vulnerable persons has been detected;
Collaborate and support Internal Audit and Compliance teams with respect to information requests related to the AML Compliance Program;
Collaborate with the FCB Fraud Prevention and Compliance Teams to ensure an enterprise-AML approach to the overall compliance program.
Assist in projects to enhance the AML program

What skills & qualifications do you need?

Education

Bachelor’s degree preferred; equivalent experience may be considered.

Work Experience

2-4 years AML, fraud, or financial compliance experience
Experience in CIP verification, CDD, and EDD required
Broker-dealer or financial service experience preferred

Certifications

Certified Anti-Money Laundering Specialist (CAMS) or similar certification preferred (or willingness to obtain within 12 months)

Required Knowledge, Skills, and Abilities

Working knowledge of BSA/AML, USA PATRIOT Act, CIP, CDD/EDD, and Red Flags Rules.
Strong analytical and investigative skills with the ability to identify suspicious activity patterns.
Effective communication skills, both written and verbal.
Ability to manage multiple tasks, meet deadlines, and maintain high attention to detail.

Technical aptitude and competence with AML and research systems; experience with any of the following a plus: