Anti-Money Laundering Monitoring Analyst

Job not on LinkedIn

🔥 0 minutes ago

🏄 California – Remote

🏄 California – Remote

💵 $102.2k - $125.8k / year

⏰ Full Time

🟢 Junior

🟡 Mid-level

🚨 AML and Financial Crime

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Wealthfront

WebsiteLinkedInAll Job Openings

201 - 500 employees

Founded 2011

💸 Finance

💳 Fintech

☁️ SaaS

💰 $69.7M Convertible Note on 2022-09

Finance • Fintech • SaaS

Wealthfront is a financial technology company specializing in automated investment services and financial planning tools. It offers a range of services including automated bond ladders, cash management with a competitive annual percentage yield, and comprehensive long-term investment strategies utilizing diversified index funds. Wealthfront's platform is recognized for its ease of use and efficient automation in managing savings, investments, and retirement funds. The company's offerings include FDIC-insured cash accounts, advisory services, tax-loss harvesting, and personalized investment portfolios. Wealthfront aims to help individuals grow their wealth through accessible, low-cost financial solutions tailored to individual risk preferences and financial goals.

📋 Description

• Review and disposition transaction monitoring alerts according to established procedures, determining whether escalation to the Financial Intelligence Unit is warranted • Conduct in-depth reviews of transactional activity, internal KYC records, and open source research for triage and monitoring functions • Maintain accurate, documented records of triage decisions and alert dispositions • Partner with Engineering to develop and enhance transaction monitoring processes • Identify unusual financial activity indicating potential money laundering, terrorist financing, and fraud • Conduct deep-dives into account and transaction activity to identify and expand Fraud and AML typologies • Support suspicious activity detection, transaction monitoring, and reporting programs and enhance related controls, policies, and procedures • Assist with adverse media and PEP watchlist screening • Monitor and provide thought leadership on impending regulatory changes • Collaborate with Legal and Compliance, Fraud Operations, Product Support, and Engineering

🎯 Requirements

• BA/BS degree • 2–4 years of direct or relevant experience conducting AML, Sanctions, or Follow-the-Money analysis and/or investigations • Deep, practical understanding of money laundering typologies and related red flags • Experience conducting triage or initial assessments of potentially suspicious activity • Experience reviewing suspicious activity across cash management, automated investment advisory, brokerage, and home lending products • Familiarity with subpoenas and Section 314(a) and 314(b) USA PATRIOT Act requests • Experience developing, refining, and reviewing transaction monitoring parameters • Strong working knowledge of BSA/AML, FinCEN, FINRA, and SEC regulations • Experience leading cross-functional projects, including collaboration with Engineering • Excellent analytical, organizational, verbal, and written communication skills • Broad analytical skills and ability to identify, quantify, and solve problems • Willingness to obtain applicable registrations and/or licenses as necessary • CAMS or CFE certification preferred • Broker-dealer or registered investment adviser experience, including FINRA Series 7 and 24 registrations, preferred • Experience with financial products and banking-as-a-service or bank partnership AML programs preferred

🏖️ Benefits

• Medical insurance • Vision insurance • Dental insurance • 401K plan • Generous time off • Parental leave • Wellness reimbursements • Professional development • Employee investing discount • Equity • Discretionary bonus