Specialist, Money Movement

Wedbush Securities • Los Angeles, CA

297d • $60,000 - $80,000

About The Position

Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures, and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth. Our New Accounts team is looking for a dedicated Money Movement Specialist who excels in providing exceptional client service and thrives in a fast-paced environment. The ideal candidate will be a team player, committed to continuous improvement, and focused on delivering effective execution in all tasks.

Requirements

• Bachelor's Degree from an accredited university
• Minimum of 3 years of professional experience
• Ability to obtain FINRA Series 7 and 63 licenses
• Strong client service skills with the ability to explain complex topics in simple terms
• In-depth knowledge of AML, KYC regulations, and identifying red flags
• Excellent verbal, written, and interpersonal communication skills
• Strong organizational skills with the ability to manage multiple priorities and tasks without compromising accuracy or efficiency
• Strong analytical, problem-solving, and critical-thinking abilities
• Ability to work independently, quickly mastering business processes and contributing to team success
• A proactive attitude, with a desire to learn new skills and support the team as needed

Responsibilities

• Assess and evaluate risks associated with client account asset (cash/securities) movement requests, including check journals, ACH, and both domestic and international currency wires
• Provide exceptional service to clients and internal partners via inbound and outbound phone calls
• Conduct research and manage special requests via email, phone, and internal inquiry systems
• Recognize when escalation is necessary and act swiftly in high-risk situations
• Resolve escalated calls and client issues quickly and effectively in high-risk environments
• Stay up to date on AML trends, risks, and red flags to proactively detect and prevent fraudulent activity
• Cross-train with other service departments to provide additional support and backup coverage as needed
• Identify and implement opportunities to improve processes and procedures
• Perform additional duties and tasks as assigned

Benefits

• Comprehensive medical, dental, and vision coverage with multiple health plan options for you and your family
• Health Savings Account with company-sponsored contributions
• Flexible Spending Accounts (FSA) traditional and dependent care
• Pre-Tax Commuter Benefits
• 401(k) plan with discretionary, competitive company matching and profit-sharing contributions
• Tuition reimbursement up to $5,250/year
• 3 weeks of Paid Time Off
• 2 weeks of Paid Sick Time (may vary by location)
• 10 Paid Holidays
• Charitable Donation Matching Contributions
• Paid Leave (Parental Bonding, Military, Jury Duty, Volunteer Time Off, Disability, etc.)
• FINRA License Sponsorship
• Travel & Employee Assistance and Employee Discount Programs

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree