Key Responsibilities
Conduct routine to complex investigations of potentially suspicious activity identified through transaction monitoring surveillance, branch escalations, regulatory inquiries, or referrals from Compliance, Legal, Risk, or other business units.
Analyze client background information, securities transactions, and fund movements to identify potential money laundering, terrorist financing, or other financial crimes.
Utilize internal systems and external research tools, including negative news screening, to analyze activity and determine whether escalation is warranted.
Submit 314(b) requests and Requests for Information (RFIs) to branches, as needed.
Prepare detailed, accurate, and timely Suspicious Activity Reports (SARs) for submission to regulators and/or law enforcement when suspicious activity is identified.
Perform continuing activity reviews and identify/report any ongoing suspicious activity.
Communicate the findings and outcomes of complex investigations to senior leadership (AML Officers) through clear, well-written narratives, including risk analysis and supporting evidence, to support risk-based retention or termination decisions; ensure follow-through on account closures for terminated relationships.
Administer AML policies and procedures in alignment with regulatory requirements, including the USA PATRIOT Act.
Monitor regulatory developments and industry trends and support their integration into the firm's AML program.
Train and mentor team members on AML policies, procedures, and regulatory requirements.
Deliver presentations during team and departmental meetings.
Perform other duties as assigned.
Required Skills
Strong SAR narrative writing skills, including clear and well-supported analysis of suspicious activity.
Strong knowledge of bank and brokerage products and practices, including account types and transactional behavior.
Knowledge of financial crime typologies, including securities fraud and market manipulation.
Understanding of emerging financial risks and products (e.g., cryptocurrency, sanctions, informal value transfer systems).
Ability to identify patterns, trends, and anomalies in transactional data.
Strong organizational and time management skills, with the ability to manage multiple priorities and meet deadlines.
Excellent written and verbal communication skills.
Ability to work independently and collaboratively in a fast-paced environment.
High level of professionalism, confidentiality, and customer service.
Commitment to staying current with AML regulations, emerging risks, and industry best practices.
Education/Previous Experience Requirements:
Bachelor's degree from a four-year college or university in a related field, with 3-5 years of relevant experience in financial transactional analysis, AML investigations, and Suspicious Activity Reporting.
Brokerage industry experience (1-2 years) is highly preferred.
Licenses/Certifications
CAMS certification is required within 12 months of the hire date.
