AML Compliance Officer

Anti-Money Laundering/Financial Crime Compliance Subject Matter ExpertThe AML Department manages the anti-money laundering, sanctions, and 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. This position will involve, among other tasks, responding to 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; performing transaction monitoring reviews and investigations; reviewing and approving wire and third-party fund requests; handling activity and adverse media alert escalations for further review; and working with independent auditors and regulators to provide requested information.

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.ResponsibilitiesMaintaining 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 DivisionSupporting 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 teamsConducting EDD reviews on new accounts for high-net-worth individuals, including complex account structures such as offshore trusts and personal holding companiesPerforming transaction monitoring reviews on client base, assess key risks, conduct deeper investigations as needed, prepare and file SARs when necessaryConducting periodic EDD reviews on existing higher risk customers and activity lookbacksEnsuring timely completion of assigned cases and escalation of issues that require AML management attention and/or reviewAssisting with updating relevant policies and proceduresCompiling and providing materials requested during independent audits and regulatory examsReviewing and providing feedback on complex or high-risk KYC cases, ensuring adherence to internal policy, regulatory standards, and quality benchmarksActing as a point of escalation for CIP/KYC/CDD escalationsPerforming other duties as assigned by your line managerProviding ad hoc training & guidance on CIP/KYC/CDD requirements as needed; establish escalation pathCollaborating with other AML stakeholders and first line functions connection with projects to enhance the existing AML ProgramQualificationsStrong knowledge of AML and related regulatory requirements, including BSA/AML, OFAC sanctions, FinCEN, and FINRA/SEC obligationsMinimum 5-7 years of direct experience in AML/Financial Crime Compliance (2nd line), with a primary focus on ML Advisory, Enhanced Due Diligence (EDD), and/or AML InvestigationsDirect experience supporting broker-dealer businesses, with a strong understanding of relevant products, services, customer types, and AML regulatory requirements, including FINRA Rule 3310Demonstrated experience providing AML advisory support to front office and business stakeholders on complex AML matters, including those involving HNW and UHNW clients, intricate corporate and beneficial ownership structures, and other elevated-risk customer relationshipsStrong partnership, collaboration, and relationship-building skills, with the ability to work effectively across AML, Compliance, Risk, Operations, and business teamsExcellent written and verbal communication skills, with the ability to effectively communicate complex AML risks, regulatory requirements, and recommendations to business, compliance, and senior management stakeholdersStrong execution and organizational skills, with a focus on accuracy, attention to detail, and delivery against defined action plans and timelinesSound judgment and decision-making abilities, with the capacity to identify, assess, and appropriately mitigate AML and financial crime risksHiring Salary Range $110,000 - $150,000 (Salary to be determined by the education, experience, knowledge, skills and abilities of the applicant, internal equity and alignment with market data.) Subject to business performance and recommendations of management, this role may be eligible to participate in an incentive compensation plan. This compensation package, in addition to a full range of medical, financial, and/or other benefits, dependent on the position, is offered.