Anti-money Laundering Risk – Enhanced Due Diligence (AML Risk Assistant Vice President)
About The Position
The AML Risk AVP will be responsible for overseeing due diligence and risk-relevant activities related to AML. The AVP will assess Bank Secrecy Act (BSA), anti-money laundering, and reputational risk matters identified through the execution of the Firm's protocols for both new and existing customers. This primarily includes reviewing, assessing and, where necessary, escalating certain clients' source of wealth to examine potential ML risk exposure for the Firm. Source of wealth encompasses the business, employment, or other activities that have contributed to the total worth of an individual or entity. In addition, the AML Risk AVP will have ultimate responsibility for escalating risk issues related to these processes with a particular focus on reviewing certain new and existing clients' source of wealth.
Requirements
- Have 5+ years of relevant experience with BSA/AML Regulations within the financial services industry, or at a financial services regulator (e.g., FINRA, Securities and Exchange Commission, Office of the Comptroller of the Currency, Federal Reserve Bank, etc.)
- Have a bachelor's degree in business, Finance, or other related field
- Experience focused on examining potential clients' source of wealth during the client onboarding process
- Strong knowledge of Know Your Customer, Customer Identification Program and CDD requirements
- Strong interpersonal skills and ability to communicate effectively both verbally and in writing
- Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity
- Ability to: take initiative, analyze, summarize, and communicate effectively
- Ability to: investigate, identify issues, impacts and trends to propose comprehensive solutions
- Ability to: multitask effectively and action matters promptly
- Ability to: work independently and in a team environment
- Ability to: handle highly confidential information with appropriate discretion
- Ability to: work in a high volume, fast paced environment; and
- Ability to: work in a matrixed organization; leveraging resources across the organization to complete deliverables
Nice To Haves
- Expertise in examining potential clients' source of wealth during the client onboarding process; and/or
- Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus
Responsibilities
- overseeing due diligence and risk-relevant activities related to AML
- assessing Bank Secrecy Act (BSA), anti-money laundering, and reputational risk matters identified through the execution of the Firm's protocols for both new and existing customers
- reviewing, assessing and, where necessary, escalating certain clients' source of wealth to examine potential ML risk exposure for the Firm
- escalating risk issues related to these processes with a particular focus on reviewing certain new and existing clients' source of wealth
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
