AML Advisory Team Lead - Broker-Dealer Securities Division

About the Role

The AML Department manages the anti-money laundering/sanctions/financial crime compliance and regulatory obligations applicable to the Firm's businesses. We are looking for an experienced Anti-Money Laundering/Financial Crime Compliance subject matter expert specifically dedicated to supporting the Chief AML Officer covering the Broker-Dealer (BD) Securities Division. In this role, the AML Advisory Team Lead will be responsible for handling day-to-day coverage associated with the AML Compliance Program (AML Program) factoring in industry "best practices" and providing guidance to the front office and cross-department stakeholders.

Responsibilities

This position will involve, among other tasks, responding to the front office inquiries regarding customer-related matters; advising on CIP/KYC/CDD and other AML requirements; analyzing enhanced due diligence (EDD) reviews to evaluate customer risk and providing clearance; handling activity and adverse media alert escalations for further review; working with independent auditor(s) and regulators to provide information being requested. The role will also include evaluating current policies and processes on a periodic basis and working with other AML team members on joint projects to enhance the overall AML Program as needed.

Primary Responsibilities include but are not limited to:

• Maintaining an in-depth understanding of how Bank Secrecy Act (BSA)/USA PATRIOT Act, OFAC/Sanctions, FinCEN, and FINRA/SEC requirements apply in practice to all aspects of the Clearing (Direct and Indirect) and Wealth Management business lines in the BD Securities Division
• Supporting the AML advisory function for the respective business line coverage (CIP/KYC/CDD onboarding, front office, operations/treasury, etc.)
• Handling and resolving AML escalations from the front office, CIP/KYC/CDD onboarding, operations/treasury, as well as other AML functions such as Transaction Monitoring (TM)
• Reviewing EDD escalations and evaluating complex account structures, issues, and transactions
• Ensuring timely completion of assigned cases and escalation of issues that require AML management attention and/or review
• Assisting with updating relevant policies and procedures
• Compiling and providing materials requested during independent audits and regulatory exams
• Reviewing and providing feedback on complex or high-risk KYC cases, ensuring adherence to internal policy, regulatory standards, and quality benchmarks
• Acting as a point of escalation for CIP/KYC/CDD and EDD Reviews and keeping an ongoing dialogue with onboarding team on a regular basis
• Performing other duties as assigned by your line manager
• Providing ad hoc training & guidance on CIP/KYC/CDD requirements as needed; establish escalation path
• Collaborating with other AML stakeholders and first line functions in connection with projects to enhance the existing AML Program

Qualifications

• Strong experience in AML and related AML, OFAC/Sanctions, FinCEN, and FINRA/SEC regulations and requirements
• Must have at least 5 years of direct experience in AML specifically dedicated to the Business Line Advisory, KYC/CDD, or Enhanced Due Diligence & Investigations
• Must have experience with the broker-dealer correspondent clearing business (direct and indirect) line and understanding of the application of an AML Program to the relevant products or services involved
• Experience advising financial services front office teams, particularly with respect to HNW and UHNW customers, in connection with complex AML-related matters
• A strong collaborative and positive team spirit, with the ability to foster good working relationships within the AML team, as well as with other departments
• Must be able to clearly communicate effective and practical solutions in response to AML issues escalated from the front office and other relevant stakeholders
• Good execution skills with attention to detail and focus on clear, realistic action steps and timelines
• Ability to make timely and effective decisions by appropriately assessing AML risk and exercising good judgement
• CAMS designation preferred or must obtain within 12 months from hire

Pay

Hiring Salary Range $90,000 - $125,000 (Salary to be determined by the education, experience, knowledge, skills and abilities of the applicant, internal equity and alignment with market data.)

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