GORM Associate

AllianceBernstein•San Antonio, TX

20d•Onsite

About The Position

We are seeking a San Antonio based GORM Associate to join our Global Operational Risk Management Department. GORM (Global Operational Risk Management) is responsible for detection and investigation of any potential or actual transactions that may be in violation of the policies and procedures established to ensure compliance with external regulations such as the Patriot Act and the Bank Secrecy Act and internal requirements such as prospectus stipulations. In addition, GORM provides a variety of transaction and surveillance reviews aimed at reducing potential fraudulent losses and/or detect and deter short term and excessive trading. The role will assist the GORM Team and Team Leader with various regulatory reviews, GORM and AML reports, preparation for annual AML audits, and transaction monitoring. The GORM Associate role is essential to ABIS to ensure compliance with applicable Anti-Money Laundering requirements, Section 352 of the USA Patriot Act, The Bank Secrecy Act, and FINRA Rule 3310. In addition, GORM’s prospectus and procedurally focused reviews help to maintain ABIS’ compliance with 22c-2 requirements, which ultimately benefit AB Funds on this previously scrutinized area. Describe the applications and business or enterprise functions the role supports: FINRA online database and resources FinCEN’s online Secure Information Sharing System

Requirements

3 years mutual fund operations or financial services experience (within ABIS is preferred)
4-year college degree or equivalent experience
Working knowledge of Microsoft Outlook, Word, Excel, and Access
Exceptional verbal and written communication skills
Strong problem-solving or analytical/critical thinking skills
Attention to detail and ability to multi-task/reprioritize
Ability to follow documented procedures and apply sound professional judgment
Knowledge and experience of AML, Fraud Prevention, and compliance monitoring

Responsibilities

Assist in the processing and review of GORM and AML reports
Monitor customer transaction history for Suspicious Activity
Develop and maintain relationships with internal and external clients
Maintain and update department procedures
Analyzes critical data to detect processing errors, prospectus violations, breaches in internal controls, and potential regulatory and legal violations
Reviews transactions to ensure legal/prospectus requirements are properly satisfied
Notifies GORM Team Leader of ABIS operational inquiries or basic procedural questions
Escalates significant research findings/concerns to Team Leader or Manager to obtain instructions on how to proceed
With guidance of Team Leader or Manager, researches potential incorrect/improper transactions using TA2000 lookup and AWD source and work objects.
Documents results/outcomes, supervisory instructions, exception processing, or other miscellaneous comments on AWD or on hardcopy reports
Updates spreadsheet with various GORM statistics.
Assists management in researching abnormalities in statistical data
Perform other duties as assigned.