AML Analyst

LPL Financial • Tempe, AZ

91d • $27 - $46

About The Position

The AML Analyst plays a crucial role in supporting the firm's efforts to detect, investigate, and prevent financial crimes, including money laundering, terrorist financing, and fraud. The AML team member will assist with ensuring compliance with regulatory requirements and internal procedures by analyzing internal referrals, customer transactions, screening alerts for sanctions and negative news, and performing enhanced due diligence on prospective and existing clients.

Requirements

• Bachelor's degree
• 1-3 years of experience in AML, compliance, or fraud investigations
• Knowledge of AML regulations and financial crime typologies
• Exceptional analytical and problem-solving abilities
• Strong attention to detail and investigative mindset
• Effective written and verbal communication
• Ability to work independently and collaboratively

Nice To Haves

• Certified Anti-Money Laundering Specialist (CAMS) Certification
• Certified Fraud Examiner (CFE) Certification
• FINRA Licenses (SIE or Series 7)

Responsibilities

• Triage Internal Referrals: Assess incoming internal referrals and escalations related to potential money laundering concerns or customer risk. Determine the appropriate course of action by evaluating the nature of the concern and creating cases for further investigation by the AML team.
• Customer Due Diligence (CDD): Perform initial and ongoing due diligence on prospects and existing customers, including enhanced due diligence (EDD) for high-risk clients.
• Transaction Monitoring: Review and analyze customer activity to detect patterns indicative of money laundering or other illicit activities.
• Investigations: Conduct initial investigations into flagged transactions, customer behavior, and alerts to determine legitimacy and risk.
• Collaboration: Collaborate with business partners and internal teams such as Compliance, Legal, Operations, Fraud, and Risk teams.

Benefits

• 401K matching
• Health benefits
• Employee stock options
• Paid time off
• Volunteer time off

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree