Characterizing the anomalous diffusion behavior of sediment transport is a key factor in calculating sediment concentration. This study attempts to seek an equation that captures the nonlocal movement feature of the transport of an ensemble of sediment particles on ice-covered channels with a steady uniform flow field. Given that the fractional advection-dispersion equation with a noninteger order on the space term is nonlocal and able to describe the long-distance transport, a mathematical model with the Caputo fractional derivative is proposed to estimate the vertical diffusion of suspended sediment particles in the ice-covered channel. Results show that the fractional derivative model has a good predictive ability to the suspended sediment concentration as compared to the measurements. Especially in regions close to the undersurface of the ice cover, the proposed model matches better with experiments than the existing analytical model. Sensitivity analyses indicate that the strength of the turbulent diffusion effect dominates the uniformity of the sediment concentration profile. Besides, the sediment concentration is more sensitive to the variation of the boundary roughness than to the change of the sediment settling velocity. It should be noted that the sediment concentration reduces with the decrease of the order of the fractional derivative, which differs from the findings in previous studies.