AML Investigations Analyst I

ABOUT US

Coastal is at the forefront of modern banking, combining strong financial infrastructure with cutting-edge Banking-as-a-Service (BaaS) and fintech enablement strategies. We support not only individuals with their personal banking needs; we also empower businesses by integrating modern banking technology that drives growth, flexibility, and innovation.

At Coastal, we think and move like entrepreneurs; focused on impact, speed, and continuous improvement. We believe in working smart, collaborating deeply, and building solutions that unlock real potential. If you're someone who thrives in a fast-moving environment, loves solving complex problems, and wants to help shape the future of banking, we’d love to meet you.

Check out our video here!

OVERVIEW

As an AML Investigations Analyst I, you’ll work on the AML Investigation Team, supporting the the detection and investigation of potential money laundering and related financial crimes. This entry-level role is foundational to the success of Coastal’s Financial Crime Compliance program and is ideal for professionals beginning a career in BSA/AML compliance. You will triage alerts, conduct research, and help ensure adherence to internal procedures and regulatory standards including the Bank Secrecy Act (BSA), USA PATRIOT Act, and FinCEN guidance.

Note:

• The salary range of $68,899 - $82,678 is posted for compliance reasons. However, we will not be hiring above $78,000.

RESPONSIBILITIES TO INCLUDE

• Triage alerts from transaction monitoring systems to identify potential indicators of suspicious activity.

• Conduct basic investigations by reviewing customer activity, documentation, and transaction data.

• Document case details clearly in the AML case management system to support decision-making and audits.

• Assist in preparing Suspicious Activity Reports (SARs) and narrative summaries for review by senior team members.

• Apply regulatory knowledge and company policies to daily casework and ensure actions align with procedural standards.

• Monitor training materials and industry resources to build knowledge of AML laws and typologies.

• Participate in ongoing training and cross-training opportunities with BSA/AML teammates.

• Contribute to process improvement discussions and support department-level projects as needed.

• Collaborate with internal teams to gather documentation or clarify customer activity during investigations.

• Ensure assigned casework meets internal service level agreements (SLAs) and quality expectations.

QUALIFICATIONS

• Strong attention to detail and eagerness to learn investigative methodologies.

• Clear written and verbal communication skills.

• High level of personal accountability and ability to work under supervision.

• Interest in financial crime risk and regulatory compliance.

• Team-oriented mindset and willingness to contribute to a collaborative environment.

• Strong research skills from all available sources.

• Strong analytical mindset with the ability to detect patterns, assess risk, and draw reasoned conclusions with minimum guidance.

• Sound judgment in handling sensitive and ambiguous matters with discretion to ensure strict confidentiality requirements.

• Highly organized and able to manage multiple priorities under tight deadlines.

• Openness to feedback and dedication to continuous learning and growth.

EDUCATION/EXPERIENCE

• Bachelor’s degree in Business Administration, Criminology, Finance, or a related field; OR an equivalent combination of education and relevant experience.

• 1+ years of relevant experience in banking, AML compliance, or fraud investigations.

• Familiarity with BSA/AML regulatory frameworks and general financial services operations.

• Intermediate proficiency in MS365 tools, including Excel, Outlook, Teams, and Word.

HOW YOU’LL THRIVE AT COASTAL

• Be the Best – Communicate effectively, pay close attention to detail, and prioritize your personal development.

• Be Relentless – Thrive in a goal-oriented environment exercising both patience and persistence. Advocate for our customers and team members and strive to promote the Coastal Difference.

• Be Un-Bankey – Be a forward thinker with a creative mindset. Build long-lasting relationships promoting the Coastal Difference, built on a foundation of integrity, honesty, and trust.

• Embrace Gray Thinking – Use sound judgment while decision-making and problem-solving. Think outside the box.

• Stay Flexible – Organize and strategize effectively while always being prepared to adapt on the fly. Seek efficiencies for Coastal to work smarter, not harder.

• Take Care of Each Other – Understand what it means to be a true team player and have your teammate's back. Practice self-awareness and build your emotional intelligence.

BEING YOU AT COASTAL

Coastal is an equal opportunity employer. We are committed to providing a workplace free from discrimination and harassment. All employment decisions are based on merit, qualifications, and business needs. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, veteran status, or any other protected status under applicable laws.

BENEFITS WE OFFER

We’re proud to offer a comprehensive benefits package designed to support your health, financial well-being, and work-life balance. Our offerings include:

• Medical Coverage: Choose from three competitive medical plans to find the coverage that best fits your needs and lifestyle.

• Health Savings Account (HSA): Available with eligible medical plans, offering tax advantages and employer contributions.

• Flexible Spending Accounts (FSA): Options for healthcare and dependent care expenses to help you save on out-of-pocket costs.

• Dental and Vision Insurance: Plans to keep you and your family smiling and seeing clearly.

• Life Insurance: Company-paid basic life insurance with options to purchase additional coverage for yourself and your dependents.

• Long-Term /Short-Term Disability (LTD): Income protection in the event of a long-term illness or injury.

• Supplemental Benefits: Including Hospital Indemnity, Accident Insurance, and Critical Illness coverage to provide extra financial support when you need it most.

• 401(k) Retirement Plan: A competitive retirement savings plan with company matching to help you plan for the future.

• Paid Time Off: Generous vacation and sick leave policies to support your time away from work.

• Holidays: Enjoy 11 paid holidays throughout the year.

Check out our benefits on our careers site!!

PHYSICAL DEMANDS

The physical demands described below are required to perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee must be able to:

• Sit for extended periods of time.

• Stand for extended periods of time.

• Perform repetitive finger, hand, and arm movement.

• Use electronic office equipment such as a computer keyboard, mouse, ten key, telephone, etc.

• View and read computer screens for extended periods.

• Occasionally stoop, kneel, crouch, or crawl.

• Occasionally lift or move up to 10 pounds.

OTHER DUTIES

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.