SQL 2012 Standard Memory issue

Morning all,

I have a few VM's running server 2008R2 and SQL 2012 standard. Most of them are performing well however I'm having an issue with our dev server.

The VM is assign 4vCPU and 12GB ram. The SQL instance is configured with a min/max memory allocation of 2048/7168, however the VM is constantly sitting at >95% memory usage and the sqlserv.exe process is using more then the max value I set it at.

Currently its at 10.5GB

Is there something that I could of missed or somewhere that I can look to see why its using more then allocated?

THanks