Financial Crimes Associate

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We are committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

The General Counsel's Office is a valued, trusted and responsive partner within DTCC. The team promotes and protects the best interests of the DTCC family of companies by creating and facilitating solutions and providing guidance on legal and regulatory matters.

Pay and Benefits:
 

• Competitive compensation, including base pay and annual incentive
• Comprehensive health and life insurance and well-being benefits, based on location
• Pension / Retirement benefits
• Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
• DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).

The Impact you will have in this role:

The FCC Associate role within the Compliance Department is responsible for reporting metrics on a regular and ad-hoc basis to senior management, reviewing and updating policies and procedures, responding to regulatory and law enforcements requests for data and documentation, resolving alerts, investigating cases, and other surveillance functions in support of DTCC's Transaction Monitoring ("TM") and Suspicious Activity Reporting ("SAR") programs, and to ensure DTCC's adherence to regulatory and compliance requirements as they relate to all lines of business and across all functional areas of DTCC subsidiaries.

Your Primary Responsibilities:
 

• Transaction Monitoring • Reviews, researches and resolves alerts/cases generated by the Transaction Monitoring Case Management System in a timely manner • Makes case recommendations to the FCC Associate Director(s) and Director related to regulatory reporting requirements, such as Suspicious Activity Report filings • Maintains records of alert documentation to support actions taken to close or escalate alerts • Supports the FCC Associate Director(s) and Director with the design and development of new TM scenario rules, new investigative standards and practices, testing and implementation of TM systems and investigation support systems, investigations trend reporting and analysis, and the optimization of rules for existing TM scenarios • Performs on-going analysis of active/retired scenarios and transactional activity for DTCC products/services • Interfaces with various DTCC Operations areas, Clients, and Transfer Agents to solicit information needed to resolve alerts and investigate cases • Drafts memos to document changes and additions to processes, systems and procedures • Updates written procedures and job aids for alert/case processing to keep them current and in line with changing regulatory requirements • Assists in training of team members as well as other Compliance members and the business on investigative processes • Interacts with DTCC’s business unit’s management, Regulators, and Internal Audit • Performs other special projects or assignments, as requested on an ad-hoc basis
• Regulatory Reporting • Takes ownership for analyzing data and generating reports to be distributed to senior management, the Board of Directors and the Audit Committee • Responds to requests for information from regulators, law enforcement and other banks and broker-dealers • Compiles supporting documentation pertaining to requests from internal Audit and external regulatory examiners • Maintains regulatory awareness and compliance and ensures adherence to risk-related policies and best practices • Performs FinCEN 314(a) screening and report any true matches to law enforcement • Serves as the DTCC FinCEN 314(b) information sharing point of contact to send 314(b) requests for information and respond to 314(b) requests from other financial institutions
• Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; escalates appropriately

**NOTE: The Primary Responsibilities of this role are not limited to the details above.**

Qualifications:

• Minimum of 4 years of related experience
• Bachelor's degree preferred or equivalent experience

Talents Needed for Success:

• 2+ years of AML specific experience preferred.

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes, bringing enhanced resilience and soundness to existing financial markets while advancing the digital asset ecosystem. In 2024, DTCC’s subsidiaries processed securities transactions valued at U.S. $3.7 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $99 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 25 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, X, YouTube, Facebook and Instagram.

The General Counsel's Office is a valued, trusted and responsive partner within DTCC. The team promotes and protects the best interests of the DTCC family of companies by creating and facilitating solutions and providing guidance on legal and regulatory matters.

The Compliance Department is dedicated to protecting DTCC against risks of non-compliance with applicable laws and regulatory matters affecting DTCC and its subsidiaries, including evaluating and responding to new and changing federal, state, local and administrative regulations.