AML Compliance Officer

About the role

The AML Compliance Officer will ensure compliance with anti-money laundering regulations, policies, and procedures. Key responsibilities include developing, implementing, and maintaining AML policies, conducting risk assessments, and overseeing investigations.

Responsibilities

• Develop, implement, and maintain comprehensive AML policies, procedures, and controls that align with regulatory requirements and industry best practices.
• Conduct regular AML risk assessments to identify and mitigate potential AML/Sanctions risks associated with products, services, and customer base.
• Manage inquiries, examinations, and reporting obligations related to AML compliance.
• Oversee the enterprise compliance function and establish relationships with industry peers, partners, and regulators.
• Conduct thorough investigations into flagged transactions or activities, collaborating with internal teams to gather necessary information and evidence.
• Ensure compliance with customer cashiering activity surveillance, trade surveillance programs, and KYT requirements.
• Tune and continuously improve monitoring coverage regarding AML systems, reporting, and analytics.
• Stay updated on relevant AML laws, regulations, and industry trends, and recommend necessary updates to policies and procedures.
• Lead CDD, EDD, and Customer Risk rating efforts.
• Prepare and oversee Suspicious Activity Reporting, 314(a), and 314(b).
• Engage with Account and Banking Operations, Fraud, Legal, Audit, Engineering, Data Analytics, and other business lines.

Requirements

• Bachelor's degree in finance, business administration, or a related field.
• Advanced degrees or professional certifications (e.g., CAMS) are highly desirable.
• Extensive experience in AML compliance within a broker-dealer firm, with a comprehensive understanding of KYC, CDD, EDD, Sanctions/OFAC, AML laws, regulations, and best practices specific to the industry.
• Solid knowledge of relevant regulatory frameworks, including the Bank Secrecy Act (BSA), USA PATRIOT Act, CFTC, NFA, FINRA AML rules, and other applicable regulations.
• Strong analytical and investigative skills, with the ability to identify suspicious patterns, conduct detailed investigations, and make sound judgments based on available information.
• Excellent written and verbal communication skills, with the ability to effectively interact with internal stakeholders, regulatory authorities, and external parties.
• Detail-oriented mindset, with exceptional organizational and time management skills to handle multiple priorities and meet deadlines.
• Collaborative and team-oriented approach, capable of working with cross-functional teams and building strong relationships across the organization.

Qualifications

• Licenses: Required: Series 3, Series 7, Series 24, and Series 63. Preferred: CAMS certification.

Skills

• Strong analytical and problem-solving skills.
• Effective communication and collaboration abilities.
• Knowledge of relevant regulatory frameworks.
• Experience in AML compliance within a broker-dealer firm.

Benefits

• Performance Bonuses
• Stock Purchase Options
• Medical/Vision/Dental Benefits
• 401k Plan
• 20 Paid Vacation Days (plus an additional paid vacation day the month of your birthday!)
• 10 Paid Sick Days
• Gym Membership Reimbursement
• Commuter Benefits
• Pet Insurance
• Wellness & Mental Health Programs
• Charitable Donation Matching
• Two Paid Volunteer Days Off
• Daily catered lunch when in the office
• In-building gym
• Shuttle to/from Metra

Pay

$120,000 - $180,000 annually

Schedule

Full-time