KYC AML Analyst

Commonwealth Financial Network•Waltham, MA

12h•Hybrid

About The Position

If you’re looking for a high-energy, inclusive atmosphere and a company that understands the importance of work/life balance, Commonwealth is your match! From generous bonus and 401(k) programs to tuition reimbursement and flexible work schedules, Commonwealth is focused on helping its employees thrive in an environment suited to their needs. On top of all that, the Legal and Risk department offers a hybrid work schedule, so you’ll be able to work from home for part of the week! We’re looking for an KYC AML analyst to join our ranks. We are looking for a candidate, with a curious mindset, who is committed to delivering exceptional service and creating an advisor-focused experience. In this role, you will comply with regulatory requirements while assuring that our customer—the advisor—is satisfied with our service. The position will report to the Director of the KYC branch. As a KYC AML Analyst, your responsibilities will include conducting investigations in support of our Customer Identification Program (CIP). Moreover, you will use your analytical skills to support AML initiatives and, when needed, assist the Fraud and Senior Investor Protection (FSIP) team. This will involve researching using Open-Source Intelligence (OSINT), internal records and gathering data that allows us to assess and mitigate risks related to our firm, advisors, and their clients. In your role, you will examine transaction and patterns to uncover suspicious activities related to money laundering, fraud, or irregular trading. This role plays a vital part in ensuring compliance with regulatory requirements, including the Bank Secrecy Act, AML regulations, AMLA, and the American Patriot Act.

Requirements

Skilled at customer service and demonstrated ability to manage difficult conversation/complaints
Excellent interpersonal skills and ability to communicate effectively both verbally and in writing
Practical experience in business and an understanding of business management
Ability to handle highly confidential information professionally and with appropriate discretion
Like to work independently as well as collaboratively within a group setting
Ability to demonstrate flexibility to work well under pressure
Demonstrated initiative and creativity in problem solving
Ability to manage and learn multiple systems
Proficiency in Microsoft Office (including Word, Excel and PowerPoint)
Effective organizational skills

Responsibilities

Assisting in CIP Process for new and existing clients.
Performing complex analysis and reporting in accordance with written policies and procedures
Conducting in depth review of transactional activity, emails, and general notes to comprehend rational for trading and account activity
Compiling and performing advanced analysis on Customer Due Diligence documentation and research
Developing timely and accurate OSINT to detect and mitigate risks
Reporting any negative results in a timely manner to team leaders
Carrying out other research projects as requested