Financial Crimes Associate

DTCC • Tampa, FL

1d • Hybrid

About The Position

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We are committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

The General Counsel's Office is a valued, trusted and responsive partner within DTCC. The team promotes and protects the best interests of the DTCC family of companies by creating and facilitating solutions and providing guidance on legal and regulatory matters.

The Financial Crimes Associate role within the Compliance Department is responsible for reporting metrics on a regular and ad-hoc basis to senior management, reviewing and updating policies and procedures, responding to regulatory and law enforcements requests for data and documentation, resolving alerts, investigating cases, and other surveillance functions in support of DTCC's Transaction Monitoring ("TM") and Suspicious Activity Reporting ("SAR") programs, and to ensure DTCC's adherence to regulatory and compliance requirements as they relate to all lines of business and across all functional areas of DTCC subsidiaries.

Requirements

• Minimum of 4 years of related experience
• Bachelor's degree preferred or equivalent experience
• 2+ years of AML specific experience preferred
• Experience with blockchain monitoring and on-chain transactions

Nice To Haves

• AML and/or Digital Asset Certifications preferred

Responsibilities

• Reviews, researches and resolves alerts/cases generated by the Transaction Monitoring Case Management System in a timely manner
• Reviews, researches and resolves alerts generated by monitoring of wallets containing transacting tokenized securities
• Makes case recommendations to the FCC Associate Director(s) and Director related to regulatory reporting requirements, such as Suspicious Activity Report filings
• Maintains records of alert documentation to support actions taken to close or escalate alerts
• Supports the FCC Associate Director(s) and Director with the design and development of new TM scenario rules, new investigative standards and practices, testing and implementation of TM systems and investigation support systems, investigations trend reporting and analysis, and the optimization of rules for existing TM scenarios
• Performs ongoing analysis of active/retired scenarios and transactional activity for DTCC products/services
• Works with various DTCC Operations areas, Clients, and Transfer Agents to solicit information needed to resolve alerts and investigate cases
• Drafts memos to document changes and additions to processes, systems and procedures
• Updates written procedures and job aids for alert/case processing to keep them current and in line with changing regulatory requirements
• Assists in training of team members as well as other Compliance members and the business on investigative processes
• Interacts with DTCC’s business unit’s management, Regulators, and Internal Audit
• Performs other special projects or assignments, as requested on an ad-hoc basis
• Takes ownership for analyzing data and generating reports to be distributed to senior management, the Board of Directors and the Audit Committee
• Responds to requests for information from regulators, law enforcement and other banks and broker-dealers
• Compiles supporting documentation pertaining to requests from internal Audit and external regulatory examiners
• Maintains regulatory awareness and compliance and ensures adherence to risk-related policies and protocols
• Performs FinCEN 314(a) screening and report any true matches to law enforcement
• Serves as the DTCC FinCEN 314(b) information sharing point of contact to send 314(b) requests for information and respond to 314(b) requests from other financial institutions
• Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; raises appropriately

Benefits

• Competitive compensation, including base pay and annual incentive
• Comprehensive health and life insurance and well-being benefits, based on location
• Pension / Retirement benefits
• Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
• DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level