Anti-Money Laundering (AML) Manager

Requisition Number:  87686


Position Title:  Anti-Money Laundering (AML) Manager


Position Type:  Full-Time


Position Category:  Audit/Compliance/Legal


Relocation:  No


Job Description: 

The AML Manager will manage staff executing client verification processes related to the USA PATRIOT Act. In addition to managing staff and daily processes, the incumbent coordinates the development and delivery of new policies and procedures that impact account opening processes. He/she acts as the subject matter expert in interpreting regulatory change related to client verification processes and provides the oversight, coordination and execution of various activities related to these regulations.


Requirements: 

- Bachelor's degree in Business, Accounting or Finance. MBA preferred.
- Five to seven years progressive experience, including a minimum of two years analytical experience, financial services industry experience required.
- Working knowledge of the USA PATRIOT Act.
- Extensive use of database technologies and proven ability to efficiently analyze large data sets.
- Experience with system development and implementation preferred.
- Exposure to governmental regulatory process and translation of regulation to policy and procedure.
- Ability to identify and escalate sensitive issues with discretion.
- Ability to independently develop, analyze and recommend alternative solutions.
- Excellent interpersonal skills and the ability to establish and maintain relationships.



Must be eligible to work in the US without requiring sponsorship


Key Accountabilities: 

- Daily coordination and monitoring of client verification activities related to the USA PATRIOT Act and related anti-money laundering rules and regulations as these acts apply to the broker dealer.

- Coordination, collection and delivery of various government reports and filings to include but not limited to:
o 314a responses to special government investigations
o 314b non-investigation inquiries
o Client assets frozen & subject to the Office of Foreign Asset Control
o Foreign Bank Certifications
o Suspicious Activity Reports as related to client verification

- Coordination, collection and delivery of various firm reporting obligations including but not limited to:
o ATES/RCMP monthly matching
o Caution List monitoring
o Ad hoc parent company matching requests

- Regular review/comparison of compliance policies and procedures related to client verification to determine changes necessary due to current developments and/or changes related to the PATRIOT Act, related agencies guidance such as the OCC, FinCen, SIA and/or FINRA guidance.

- Regular testing of the internal control process to ensure that the broker dealer maintains compliance with all elements of the BSA and related regulations at acceptable levels. Design and implementation of measures to illustrate the processes are controlled and defensible.

- Oversee compliance of Section 312 and foreign bank certificate processes.

- Maintain risk scores associated with clients.

- Design and execution of investigation processes for the purpose of determining whether a client flagged by systems as a potential terrorist, politically exposed person or other high risk person is a true match or false positive.

- Subjective decisioning of high risk clients as part of a cross-function team.

- Provide monthly, quarterly, and annual statistics related to client verification activities.

- Development and delivery of training related to customer identification and verification processes.

- Selection, training and supervision of AML dedicated staff.


Experience:  Less than 1 year


Education:  BA/BS


Accreditations: 


Skills: 


Minimum Salary:  Not Available Maximum Salary:  Not Available


We thank all interested candidates however only those selected for an interview will be contacted.

If interested, please apply online at http://track.jobviper.com/ViewJob.asp?id=495155-3-533