Anti-Money Laundering Associate (Remote Work Option)

Wealth Enhancement Group

3d•$65,000 - $75,000•Remote

About The Position

About Wealth Enhancement Wealth Enhancement is an independent wealth management firm with an endless passion for enriching the lives of our clients. We continually seek to perfect our craft of personalized financial planning with our team-based Roundtable and UniFi processes that go far beyond the standard approach. We proudly provide unique financial plans and investment management services to over 80,000 households from our over 140 offices - and growing - nationwide. Since 1997, Wealth Enhancement has tirelessly raised the standard of wealth management with specialized knowledge and more attentive service that helps every client craft their future. For more information, please visit www.wealthenhancement.com. We are seeking an Anti-Money Laundering Associate who will serve as a subject matter expert in Anti-Money Laundering and related regulatory requirements. In addition, the Associate will assist with the reviews, testing, and compliance obligations under FINRA Rule 3310 and applicable SEC regulations. This role will work closely with the Director of Compliance and AML Officer on initiatives to strengthen AML controls, enhance surveillance processes, and support business growth while mitigating financial crime risk, in a hybrid or remote capacity. In the spirit of pay transparency, we are excited to share the base salary range for this position is $65,000.00 to $75,000.00, exclusive of bonuses and benefits. This role is also eligible for our corporate bonus.

Requirements

2+ years’ experience in financial services compliance, or related
Experience with AML/BSA programs
Experience and understanding of 314A process
Understanding of SAR reporting requirements
Superior verbal and written communication skills
Proficient with Microsoft Office Suite or related software
independent work-skills with ability to prioritize competing projects and deadlines
Self-starting, proactive person who demonstrates initiative, ownership, and leadership
Drive, enthusiasm, and strong work ethic
Ability to influence and interface with all levels of employees and leaders at WEG

Nice To Haves

FINRA Series 7 & 66 preferred

Responsibilities

Oversee AML compliance requirements
Ensure compliance with regulatory requirements under the Bank Secrecy Act (BSA), USA PATRIOT Act, FINRA Rule 3310, and other applicable laws impacting the firm.
Coordinate AML activities across the organization to identify areas for program improvement, assist with issue resolution, and implement policies and procedures to mitigate financial crime risk.
As new AML-related rules are passed and existing rules evolve, work with partners to research, interpret, and develop recommendations regarding their impact on the firm’s broker-dealer platforms.
Demonstrate AI literacy by evaluating, adopting, and optimizing artificial intelligence tools to strengthen AML controls, improve transaction monitoring, and support regulatory compliance.
Stay informed on AI-driven advancements relevant to financial crime detection and compliance processes.
Coordinate regulatory training materials related to AML compliance for employees and registered representatives.
Maintain a thorough and up-to-date understanding of AML regulations through ongoing education.
Collaborate and consult with stakeholders to make recommendations on documentation and information necessary to achieve AML compliance goals.
Assist with development, testing, and oversight of AML-related controls for trading and operational platforms.
Apply AI literacy to assess, recommend, and document AML workflows, automate routine compliance tasks, and enhance data analysis capabilities.
Provide guidance to team members on responsible and effective use of AI tools.
Contribute to AML risk assessments and customer risk rating processes.
Develop, analyze, and recommend policy and procedure changes based on business line reviews.
Facilitate periodic reviews of AML processes with content owners to ensure execution aligns with policy.
Support compliance operations related to trade surveillance, sanctions screening, and suspicious activity investigations.
Assist in compliance department functions as needed.
Identify opportunities to improve efficiency in AML workflows.
Document and maintain standard operating procedures (SOPs).
Collaborate with compliance leadership to implement best practices and technology solutions.
Proactively identify emerging risks and adjust priorities as needed.
Generate reports on AML status and timelines.
Track metrics related to turnaround times and error rates for continuous improvement.

Benefits

Medical, dental and vision coverage (Available to full-time employees and their families)
Health Savings Account (HSA) with employer contribution and Flexible Spending Accounts (FSA) for medical, dependent, and transit expenses
Life and AD&D insurance – employer paid and voluntary options
Short-term and long-term disability, workers compensation – employer paid
401k with match and profit sharing
Wellness programs and resources
Voluntary benefits, including pet insurance
18 days of paid time off (PTO), accrued annually (25 PTO days after 4 years of service)
12 paid holidays each year (10 pre-determined and 2 floating days)
Paid parental leave and paid caregiver leave (Caregiver leave available after 6 months of tenure)
Reimbursement for tuition, licensing, and other credentials (Available after meeting service requirements)