AML Compliance Analyst

Commonwealth Financial Network•Waltham, MA

1d•Hybrid

About The Position

If you’re looking for a high-energy, inclusive atmosphere and a company that understands the importance of work/life balance, Commonwealth is your match! From generous bonus and 401(k) programs to tuition reimbursement and flexible work schedules, Commonwealth is focused on helping its employees thrive in an environment suited to their needs. On top of all that, the Legal and Risk department offers a hybrid work schedule, so you’ll be able to work from home for part of the week! We’re looking for an AML compliance analyst to join our ranks. You will be primarily responsible for monitoring and investigating potentially suspicious financial activity. The investigations may be complex and require not only excellent critical thinking skills, but also a complete understanding of the firm’s business; excellent communication skills; ability to work together with multiple compliance teams; and interpret regulations.

Requirements

Ability to work independently, multitask, and meet strict target dates.
Proven expertise with financial investigations using risk-based judgment, critical thinking skills, and strong investigative aptitude.
Exceptional customer focus with the ability to build relationships effectively and quickly; establish trust, respect, competence, and confidence.
Ability to manage highly confidential information with discretion.
Exceptional verbal and written communication skills
2+ years of experience in an anti-money laundering or fraud investigation environment in the financial services industry orfinancial investigations experience in federal, state, or local law enforcement
CAMS or CFE certification required or ability to obtain within 12 months of employment.
Strong quantitative and analytical skills
Proficiency in Microsoft Office (including Word, Excel, and PowerPoint).
Exceptional open source research skills

Nice To Haves

Proficiency in SharePoint a plus
Experience in NICE Actimize a plus
Active and valid FINRA Series 7 a plus
Bachelor’s degree preferred (but not required)

Responsibilities

Performing anti-money laundering risk identification/prevention functions through transaction monitoring alert reviews, account/transaction reviews, and forensic research, while documenting results in the firm’s case management system to ensure compliance with recordkeeping requirements and quality of case records.
Analyzing financial documents and statements to identify suspicious patterns.
Working with financial advisors and internal stakeholders to increase awareness and better understand expected account activity.
Collaborating with other AML teams including (FSIP) Fraud/Senior Investor Protection and (KYC) Know Your Customer by helping identify cases of suspected financial exploitation and adverse news.
Preparing and filing suspicious activity reports within BSA and SAR regulatory standards and timelines
Providing regular reporting to management on alert and case volume, SAR’s, threats, trends, and ad-hoc projects
Staying current on emerging technological and industry trends by attending seminars, webinars, training sessions and industry networking conferences