SUMMARY OF RESPONSIBILITIES
Responsible for the review of transactions, accounts, clients, brokers and branches at higher risk for AML activity. This position is predominantly self-directed, self-motivated and receives occasional direction and oversight from the AML Officer and/or Surveillance Manager.
Monitor, review and as necessary, react to client, account, broker, branch and firm transactional activity. Evaluate risk/threat level of transactional activity. Take appropriate steps as needed to elevate action.
Specific reviews and analysis may include: monetary instrument report; daily bank reports; 3 rd party incoming wire OFAC checks; CIP database processes.
Constantly review and evaluate firm’s AML policies and procedures; maintain awareness of industry trends, legislative changes, etc. Keep AML Officer apprised of AML needs and issues. Suggest, evaluate and implement policy and procedure improvements and changes. Communicate policy/procedure changes to firm.
Design and review other reports that risk/AML could use to review activity.
Follow-up, review, and/or investigate ‘unusual activity’ that is sent to the AML team.
Participate in succession planning for AML responsibilities. Cross-train designated associates on AML functions. Ensure plan is in place to cover prolonged or permanent absence.
Serve as the firm’s AML liaison or representative.
Other duties as assigned by Manager.
KNOWLEDGE, SKILLS AND QUALIFICATIONS
Bachelor's degree, preferably in business, finance or accounting.
Minimum 2 years of Compliance, audit or Regulatory experience.
Series 7 and 63 a plus.
Ability to use logic and reasoning to identify the strentghs and weakensses of alternative solutions, conclusions or approaches to problems.
Good administrative and clerical skill, e.g. manging files and records.
Knowledge of economic and accounting priciples and practices, the financial markets, banking and the analysis and reporting of financial data.
Stifel Nicolaus - 9 months ago