Senior Investigator, Ongoing Due Diligence Investigations

LPL Financial•Tempe, AZ

21h

About The Position

The Senior Investigator, Ongoing Due Diligence Investigations will conduct ongoing due diligence reviews of high-risk customers to determine if there have been any changes to the client risk profile and escalate profile risk changes for further investigation when warranted.

Requirements

Bachelor's degree
3-5 years of experience in financial crime in such activities as conducting suspicious activity alert reviews for money laundering or fraud, customer screening reviews, or testing controls related to money laundering or fraud
Knowledge of the brokerage and advisor industry
Knowledge of AML laws, regulations, and industry best practices including, but not limited to the Bank Secrecy Act (BSA), USA PATRIOT Act, Financial Action Task Force (FATF) recommendations, and Office of Foreign Assets (OFAC) Regulations
High level of analytical and problem-solving skills, desire to learn quickly, be flexible and think strategically with attention to detail and accuracy
Written and oral communication skills with the ability to present information in differing degrees of detail and form depending on the audience
Ability to identify risk issues related to financial crime, knowledge to provide guidance when warranted, and insight to appropriately escalate issues to others for further guidance
Developing strategic thinking to understand how the work they do impacts the overall AML program and fits into the broader mission of the firm
Knowledge of LPL's business model and operational processes

Nice To Haves

Certified Anti-Money Laundering Specialist (CAMs) Certification
Certified Fraud Examiner (CFE) Certification
FINRA License Series 7 or 24

Responsibilities

Conducts ongoing (or periodic) due diligence reviews of customers as required by the customer profile and in line with the firm’s periodic refresh requirements
Leverages customer transaction activity in conjunction with the customer’s background through open-source investigation to ensure the customer’s activity is in line with the understood nature and purpose of the customer relationship
Responds to trigger-based events to advance the review of customer risk profile changes outside of the standard periodic refresh requirements
If a risk profile change is identified beyond what is maintainable, they will escalate to the investigations team for potential SAR filing and/or work directly with the AML Client Review Working Group to exit the relationship as warranted
Participates in supporting management by responding to legal, regulatory, or internal audit inquiries as warranted.
Assists management in providing training and guidance to more junior team members