AML Compliance Officer

What You’ll Do

• Develop, implement, and maintain comprehensive AML policies, procedures, and controls that align with regulatory requirements (FINRA, SEC, CFTC, and NFA) and industry best practices.
• Conduct regular AML risk assessments to identify and mitigate potential AML/Sanctions risks associated with products, services, and customer base.
• Act as the primary point of contact for regulatory authorities, auditors, and law enforcement requests, managing all inquiries, examinations, and reporting obligations related to AML compliance.
• Provide oversight and guidance over the enterprise compliance function.
• Establish and maintain relationships with industry peers, partners, and regulators to foster a collaborative approach to compliance.
• Conduct thorough investigations into flagged transactions or activities, collaborating with internal teams such as compliance, legal, and operations to gather necessary information and evidence.
• Responsible for customer cashiering activity surveillance, trade surveillance programs, and KYT requirements.
• Tune and continuously improve monitoring coverage regarding AML Systems, Reporting and Analytics, including for AML transaction monitoring systems.
• Stay updated on relevant AML laws, regulations, and industry trends, and proactively assess the impact of any changes on the firm's AML program, recommending necessary updates to policies and procedures.
• Lead CDD, EDD, and Customer Risk rating efforts.
• Keep accurate records and documentation of AML activities, investigations, and reporting, ensuring adherence to recordkeeping requirements.
• Prepare and oversee Suspicious Activity Reporting, 314(a), and 314(b).
• Engage routinely with Account and Banking Operations, Fraud, Legal, Audit, Engineering, Data Analytics, and other business lines.

Who You Are

• Bachelor's degree in finance, business administration, or a related field. Advanced degrees or professional certifications (e.g., CAMS - Certified Anti-Money Laundering Specialist) are highly desirable.
• Extensive experience in AML compliance within a broker-dealer firm, with a comprehensive understanding of KYC, CDD, EDD, Sanctions/OFAC, AML laws, regulations, and best practices specific to the industry.
• Solid knowledge of relevant regulatory frameworks, including the Bank Secrecy Act (BSA), USA PATRIOT Act, CFTC, NFA, FINRA AML rules, and other applicable regulations.
• Strong analytical and investigative skills, with the ability to identify suspicious patterns, conduct detailed investigations, and make sound judgments based on available information.
• Excellent written and verbal communication skills, with the ability to effectively interact with internal stakeholders, regulatory authorities, and external parties.
• Detail-oriented mindset, with exceptional organizational and time management skills to handle multiple priorities and meet deadlines.
• Collaborative and team-oriented approach, capable of working with cross-functional teams and building strong relationships across the organization.

Licensing

Required: Series 3, Series 7, Series 24, and Series 63
Preferred: CAMS certification

Company Perks + Benefits

• Performance Bonuses
• Stock Purchase Options
• Medical/Vision/Dental Benefits
• 401k Plan
• 20 Paid Vacation Days (plus an additional paid vacation day the month of your birthday!)
• 10 Paid Sick Days
• Gym Membership Reimbursement
• Commuter Benefits
• Pet Insurance
• Wellness & Mental Health Programs
• Charitable Donation Matching
• Two Paid Volunteer Days Off
• Daily catered lunch when in the office
• Full kitchen with snacks and beverages
• In-building gym
• Shuttle to/from Metra

Discretionary Performance Bonus: 15-20% of base salary based on individual and company performance.