Responsibilities
- Conduct in-depth reviews of transactional activity, internal KYC records, and open source research in accordance with regulatory reporting requirements to identify and expand upon existing Anti-Money Laundering (AML) and fraud typologies
- Monitor daily, weekly, and monthly reports to help identify suspicious activity and refer alerts to the Financial Intelligence Unit
- Leverage expertise to assist in the identification of unusual financial activity indicating potential money laundering, terrorist financing, and fraud
- Support the Company’s suspicious activity detection, transaction monitoring, and reporting programs and drive enhancements to the program, including updates to related controls and accompanying policies and procedures
- Assist with the Company’s adverse media and PEP watchlist screening
- Partner with Engineering teams to develop new and enhance existing transaction monitoring processes
- Provide assistance as needed to the Financial Intelligence Unit’s investigative and regulatory reporting processes
Expertise
- Deep, wide, and practical understanding of money laundering typologies and related red flags
- Adept at developing, refining, and reviewing transaction monitoring parameters designed to surface suspicious activity
- Excellent analytical and organizational skills, able to set and meet deadlines in a fast-paced environment
- Strong working knowledge of BSA/AML, FINRA, MSRB, and SEC regulations
- Experience leading cross-functional projects, including collaboration with engineering teams
- Strong verbal and written communication skills
- Intellectually curious, and interested in applying technology to enhance business processes
- Broad analytical skills, with experience identifying and quantifying problems while providing creative, effective solutions
Required
- BA/BS degree
- 1 - 2 years direct or relevant experience related to Anti-Money Laundering (AML) or Fraud transaction monitoring alerts
- Willingness to obtain applicable registrations and/or licenses as necessary
Preferred
- CAMS or CFE certification
- Experience with SQL
- Product experience with ACH/wires, debit cards
- Experience with or general understanding of broader financial services including investment advisory and banking
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What We Do
Wealthfront is a nextgen banking service. We help you manage your money for both your short-term and long-term goals by providing a Cash Account with checking features and high interest, best-in-class automated investment management, and free financial advice, anytime you want it. We entered into the banking space in a big way this year with the launch of our cash account that offers an interest rate 5x greater than the national average. We’ve been overwhelmed by the response and have grown nearly 100% this year already to manage nearly $20 billion in total client assets. Our ultimate vision is to optimize and automate all of our clients’ finances and build what we call Self-Driving Money™️. We want clients to be able to automatically deposit their paycheck into their Wealthfront account, and let us take care of the rest — paying their bills, topping off their emergency fund or 401(k), and investing the rest based on their specific goals and lifestyle. Join us so you can help us turn this industry on its head and build a service that our clients don't just like, they love. Wealthfront integrates investing and banking services to make it delightfully easy to build long-term wealth. We're on a mission to build a financial system that favors people over institutions and we're just getting started. Through the power of automation, we deliver personalized, powerful products to help both sophisticated investors and those just starting out learn, lower their costs, and grow their wealth. We're one of the highest rated financial app in the Apple App Store and have been recently named the best robo-advisor and cash management accounts by Nerd Wallet and Investopedia. Want to help us re-architect the financial industry?
