Compliance - AML Manager

About the role

This role involves leading the AML program, which includes monitoring transactions and customer activities to detect money laundering and fraudulent behavior. A key responsibility is filing suspicious activity reports (SARs). The position also requires developing and refining policies, procedures, and workflow tools to improve the detection and prevention of illicit financial activities. This includes designing monitoring scenarios and supporting model validation efforts.

As an AML Compliance Officer, the individual will track industry trends and ensure adherence to relevant BSA/AML and securities laws, incorporating guidance from FINRA, SEC, and FinCEN. This involves creating and maintaining policies for AML, SARs, and Know Your Customer (KYC) programs, and preparing reports for senior management. The role also contributes to risk assessments and testing to evaluate the effectiveness of the firm's policies and controls.

Collaboration is central to this position, working with legal, compliance, and other corporate functions to implement compliance-related technologies and processes. The AML Manager will address firm-wide compliance issues, interact with legal professionals and regulators, and contribute to industry discussions. This includes helping to formulate responses to new regulations, conduct AML training, and support other initiatives.

The salary for this position ranges from $120,000 to $145,000 annually.

Skills that matter here

• Series 7: This certification is a mandatory requirement, indicating the need for a foundational understanding of the securities industry for this compliance role.
• Series 24: This certification is a plus, suggesting a preference for candidates with supervisory knowledge in the securities industry.
• Series 57: This certification is a plus, indicating a preference for candidates with experience in securities trading and market making.
• multi-task: The role requires managing multiple tasks simultaneously in a demanding environment, with the ability to adjust priorities as needed.
• Strong interpersonal skills: Success in this role depends on effective collaboration across departments and with various stakeholders, including legal and technology teams.
• Excellent verbal, writing and presentation skills: Clear communication is essential for interacting with internal stakeholders at all levels and external regulators, including the ability to simplify complex technical concepts.

Who this role suits

• A person with at least five years of experience in a financial service firm or as a regulator.
• Someone who thrives in a results-driven environment and can adapt to shifting priorities.
• An individual who fosters collaborative relationships across different departments and skillsets.
• A professional with high ethical standards and a strong respect for confidentiality and privacy.

From the employer

• You will lead an AML program to monitor transactions and customer activities for signs of money laundering, fraudulent activity, and file suspicious activity reports (SARs);
• You will create policies and procedures and workflow tools to enhance the monitoring, detection, reporting and prevention of money laundering activity. You will design and build monitoring scenarios and support model validation programs;
• Acting as an AMLCO, you will monitor industry trends and ensure compliance with all relevant BSA/AML and securities laws, including guidance and red flags issued by FINRA, SEC, and FinCEN;
• You will develop and maintain policies and procedures regarding the Firm's AML, SARs, and KYC programs, and Senior Management reporting;
• As part of the Compliance team, you will support risk assessments and regular testing to access the effectiveness of the firm’s policies and associated controls;
• You will collaborate across the legal, compliance and other corporate functions to assist in the development and rollout of leading compliance related technologies, controls, and processes;
• You will engage in a variety of firmwide compliance issues and interact with Senior Legal and Compliance professionals and regulators;
• You will engage in industry wide issues and assist in developing firm responses to new rules, AML training and other initiatives.

• Minimum 5 years at a Financial Service firm, or regulator;
• Series 7 required. Series 24, 57 a plus;
• We work in a results driven environment. You must have the ability to multi-task in a highly demanding environment with the ability reprioritize and shift assignments as necessary;
• We work in a highly collaborative environment. Strong interpersonal skills are critical, along with an openness to different approaches and viewpoints;
• You must foster collegial and partnership-focused relationships across departments and skillsets, particularly with technology and legal professionals;
• You have excellent verbal, writing and presentation skills and can interact with stakeholders at all levels within the organization and with regulators;
• You have the ability to relay complex technical concepts to non-technical audience;
• Strong attention to detail is critical;
• You must possess high ethical standards, respect for confidentiality and privacy.

• Competitive salary
• Attractive annual leave entitlement including: birthday, work anniversary
• 401(k) plan with employer match
• Eligible for company-sponsored group health, dental, vision, and life/disability insurance
• Work Flexibility Adoption. Flexi-work hour and hybrid set-up
• Aspire career alternatives through us. Our internal mobility program can offer employees a diverse scope.