Director of AML - Futures Commission Merchant Division

StoneX Group Inc.•New York, NY

57d•$125,000 - $175,000

About The Position

With 4,500+ employees and over 300,000 commercial, institutional, payments, and retail clients, we operate from more than 70 offices spread across six continents. As a Fortune 100, Nasdaq-listed provider, we connect clients to the global markets - focusing on innovation, human connection, and providing world-class products and services to all types of investors. Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, StoneX Group is made up of four business segments that offer endless potential for progression and growth. Business Segment overview: Engage in a deep variety of business-critical activities that keep our company running efficiently. From strategic marketing and financial management to human resources and operational oversight, you'll have the opportunity to optimize processes and implement game-changing policies The AML Americas Group upholds the Firm's commitment to maintaining robust compliance with all applicable AML regulations and obligations across its business lines. We are seeking an experienced Anti-Financial Crime professional to join our dynamic AML team. In this role, the successful candidate will be responsible for overseeing and managing the AML program and processes for our Futures Commission Merchant (FCM), and Swap Dealer business lines. This includes maintaining current and effective AML policies and procedures, handling audits and annual independent testing, rolling out AML and sanctions risk assessments, working with EDD team members, handling AML training roll-out, providing advisory guidance to business stakeholders including front office, onboarding and operations teams, and updating senior management on key matters, initiatives and developments. The individual will also play a key role in ensuring effective transaction monitoring coverage for the respective businesses and collaborate with AML team members to implement enhancements as needed. Other responsibilities include evaluating the effectiveness of processes and implementing enhancements where needed, managing time-sensitive escalations, and working on AML initiatives/projects with other AML team members.

Requirements

Must have comprehensive knowledge of the Bank Secrecy Act ("BSA"), USA PATRIOT Act, and FinCEN requirements, as well as OFAC; and an understanding of CFTC and NFA AML regulations.
A minimum of 7-10 years of direct AML experience in the financial services sector, with demonstrated expertise in advisory and policy functions, transaction monitoring oversight. investigations, and the management of complex AML escalations.
Prior experience leading or managing teams.
Strong understanding of transaction monitoring scenario logic and its applicability across different business lines (futures/derivatives).
Demonstrated expertise in Enhanced Due Diligence (EDD), with a proven ability to conduct supplemental reviews and deliver high-quality investigative and analytical assessments
Thorough understanding KYC, CIP, CDD/EDD requirements, processes and best practices.
Excellent writing and analytical skills, with the ability to produce clear, concise, and well-supported findings and reports.
Advanced problem-solving abilities, demonstrating sound judgment and the capacity to identify and address complex compliance issues.
Good operational knowledge of swap dealer, futures, and forex products with the ability to determine and apply effective AML monitoring and control measures.

Nice To Haves

Experience using LexisNexis, World Check, Actimize, Salesforce, Factiva, Two Four, GMI or similar tools
CAMS certification and/or JD

Responsibilities

Serve as the primary Advisory AML Officer for the Futures and Swap Dealer business lines offering expert guidance and strategic input on related AML matters and initiatives.
Review and resolve AML escalations, determining appropriate courses of action and ensuring timely and compliant outcomes.
Enhance and maintain effective AML policies and procedures to reflect evolving regulatory requirements and best industry practices.
Lead periodic AML and sanctions risk assessments, evaluating the Firm's control environment and implementing improvements where necessary.
Support independent audits and regulatory examinations by providing required information and collaborate with stakeholders to implement remediation plans addressing any identified issues.
Assess the adequacy of transaction monitoring coverage to confirm that key risks and typologies associated with the FCM and Swap Dealer are appropriately identified and mitigated.
Review SAR filings prior to submission
Manage AML team members
Identify, assess, and escalate AML compliance risks, ensuring that potential issues are promptly addressed and mitigated
Consult with Senior management on complex matters (CAMLO, CCO, Business)
Prepare quarterly Board materials and updates
Provide oversight and guidance to the Operations, Treasury, and Margin teams on implementing process and control enhancements as needed.
Provide guidance to Onboarding and KYC refresh teams.
Assists with initiatives focused on improving KYC and screening processes.
Provide advisory updates on regulatory changes to relevant stakeholders.