M1 Finance has created a personal wealth-building platform made for the modern era, uniting personal perspective and automated ease. We seamlessly combine free investing and low cost borrowing all in one intuitive, automated Finance Super App, and we’re driven by a mission to empower personal financial well-being. We believe that financial well-being is fundamental to overall well-being, and we strive to deliver products that are simpler, smarter, and stronger than those created by our boring, entrenched, and slow-moving competitors in the personal finance industry.
Our clients have already trusted us with over $13 billion of assets, we’re currently helping hundreds of thousands of people grow and manage their wealth with our industry-leading automation and tools.
We’re looking for passionate people who want to improve and build on what we’ve created and take responsibility to help others build something meaningful and sustainable for their futures.
We mean it when we say, “M1 is yours to build.”
If this sounds interesting to you, read on!
Job DescriptionWe are seeking a Financial Crimes Manager to lead our Fraud and Anti-Money Laundering (AML) function across our self-directed retail broker dealer and SEC-registered investment advisor. This is a hands-on leadership role sitting within the Legal and Compliance function, reporting directly to the Chief Compliance Officer. You will own the end-to-end financial crimes lifecycle, manage a team of Fraud and AML professionals, and serve as the senior escalation point for the firm's most complex investigations. This is a hands-on leadership role at a growing financial institution where you will shape how technology, data, and advanced analytics are used to detect and prevent financial crime at scale.
What You'll Do
- AML Program leadership: Lead the day-to-day execution and continuous enhancement of the firm's AML Program under the direction of the AML Compliance Officer, ensuring compliance with the Bank Secrecy Act (BSA), USA PATRIOT Act, and FINRA, SEC, FinCEN, and OFAC requirements.
- Own the end-to-end FinCrimes lifecycle: Oversee the team's execution across all critical decision points in the financial crimes lifecycle, from new user onboarding through offboarding and funds recovery.
- Customer due diligence: Manage a comprehensive Customer Identification Program (CIP), Know Your Customer (KYC), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) framework, including oversight of customer risk rating methodologies and ongoing monitoring activities.
- Investigations: Provide senior-level oversight and strategic guidance for complex investigations involving unusual activity, suspicious activity reporting (SAR), and regulatory reporting obligations.
- Surveillance: Improve surveillance effectiveness through ongoing alert calibration, scenario development, data analytics, and automation.
- AI and analytics: Identify opportunities to leverage artificial intelligence and advanced analytics to strengthen surveillance, investigations, and monitoring.
- Oversight framework: Support the development and maintenance of the compliance FinCrime oversight framework, specifically for AML and Fraud investigations and controls.
- Cross-functional partnership: Partner with Product, Engineering, Operations, Legal, and Risk teams to design scalable financial crime controls for new products and features.
- Horizon scanning: Monitor new financial crime regulatory developments and maintain oversight of the implementation of those developments that impact business activities.
- Team leadership: Lead, mentor, and develop Fraud and AML personnel while fostering a culture of accountability, collaboration, and continuous improvement.
- 7+ years of progressive experience in BSA/AML, fraud, or financial crimes compliance, with meaningful experience at a broker dealer, fintech, or other regulated financial institution.
- CAMS or CFE/CAFS certification(s) or equivalent required.
- Deep working knowledge of the BSA, USA PATRIOT Act, and FinCEN, OFAC, FINRA, and SEC requirements, including SAR drafting, filing, and governance.
- Experience managing and developing a team of analysts or investigators.
- Experience with transaction monitoring and surveillance systems, including alert tuning, scenario design, and model calibration.
- Strong analytical skills and comfort working with data; ability to translate regulatory requirements into scalable operational controls.
- Excellent judgment, written communication, and the ability to defend decisions to regulators, auditors, and senior management.
Nice to Have
- FINRA registrations (SIE, Series 7, and/or Series 24), or willingness to obtain.
- Experience applying machine learning, AI, or advanced analytics to financial crime detection.
- Experience as the AMLCO or Deputy AMLCO.
- Exposure to investment advisory (RIA) or banking environments, including OCC or Federal Reserve regulatory frameworks.
- Experience building or scaling financial crime programs in a high-growth environment.
Salary range $150,000-170,000
Additional InformationOur Values
Our team embodies our core principles and if these principles speak to you – we’d love to talk with you.
- Mission driven We know that financial well-being has a dramatic impact on an individual’s quality of life. We are passionate about helping people in this domain.
- Extreme ownership We are responsible for the results to our clients, teammates, and shareholders. We own everything in our domain that affects these results.
- Boldness Thinking small is a self-fulfilling prophecy. Thinking big inspire results. We would rather fail at the meaningful than succeed at the trivial.
- Ruthless prioritization We want to do more than we possibly can. We are disciplined with the use of our precious people, time and money. That means saying no to a lot of good ideas so we can focus on the most important thing.
- Integrity We earn and maintain trust by always prioritizing our clients’ interests; it must never be compromised.
Our Perks
Competitive Pay and Stock Options
Comprehensive health, dental, vision, disability, and life insurance
Retirement benefit with employer match
Unlimited PTO
Transparent and open communication with leadership
M1 is an equal opportunity employer and values diversity across the company. M1 does not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Skills Required
- 7+ years of progressive experience in BSA/AML, fraud, or financial crimes compliance
- Meaningful experience at a broker-dealer, fintech, or other regulated financial institution
- CAMS or CFE/CAFS certification, or equivalent
- Deep knowledge of the BSA, USA PATRIOT Act, FinCEN, OFAC, FINRA, and SEC requirements
- Experience with SAR drafting, filing, and governance
- Experience managing and developing analysts or investigators
- Experience with transaction monitoring and surveillance systems, including alert tuning, scenario design, and model calibration
- Strong analytical skills and comfort working with data
- Ability to translate regulatory requirements into scalable operational controls
- Excellent judgment and written communication skills
- Ability to defend decisions to regulators, auditors, and senior management
- FINRA registrations, including SIE, Series 7, and/or Series 24, or willingness to obtain
- Experience applying machine learning, AI, or advanced analytics to financial crime detection
- Experience as an AMLCO or Deputy AMLCO
- Exposure to investment advisory or banking environments, including OCC or Federal Reserve regulatory frameworks
- Experience building or scaling financial crime programs in a high-growth environment
M1 Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about M1 and has not been reviewed or approved by M1.
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Healthcare Strength — Healthcare coverage is framed as comprehensive, spanning medical, dental, and vision, along with life and disability insurance. Some benefits are positioned as employer-paid, strengthening the perceived value of coverage.
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Leave & Time Off Breadth — Unlimited PTO is presented as a notable part of the package and is paired with flexible hybrid/remote arrangements. This combination increases perceived flexibility in how time off is used.
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Retirement Support — A 401(k) with an employer match is explicitly included as part of the overall rewards package. Equity grants are also highlighted, supporting longer-term wealth-building alongside cash compensation.
M1 Insights
What We Do
M1 is a fast-growing fintech company and personal finance platform made for the modern era. Hundreds of thousands of investors take control of their long-term wealth with M1 and have already trusted us with over $6 billion of assets. As the Finance Super App™, we empower financial well-being with all the tools to invest, borrow, spend and save: high-yield savings, automated investing tools, paperwork-free margin loans, low-cost personal loans, high cash-back credit card rewards that can be automatically re-invested From 2020 to 2021, the company grew from 82 employees to 236 employees and in 2021 became a fintech unicorn with a valuation of $1.45 billion. Today, the 260+ M1 team spans the United States with headquarters in Chicago. M1 has over 60,000 5-star customer reviews on the App Store and Google Play and has been recognized as a top app for investors including Investopedia’s 2023 Best for Sophisticated Investors and Best for Low Costs, Insider’s Best Investment App for Portfolio Customization, and one of Bankrate’s Best Robo-Advisors 2023. The company was also named one of CB Insights’ Top Fintech Companies of 2021, a 2021 Top Workplace by the Chicago Tribune, and one of Built In’s 2022 and 2023 Best Places to Work in Chicago. Find out more at m1.com. Mission: M1 empowers personal financial well-being. From our automation tools to our competitive rates to the content we produce, we’re focused on helping clients manage money and grow wealth the way they want to. That’s why our tagline is Build and Manage Your Wealth.
Why Work With Us
Our product is the direct result of our excellent team and strong work culture. M1 prides itself on its mission-driven values of ownership, boldness, and integrity, among others. We also have strong commitments to diversity, equality and inclusion in the workplace with ERGs and task forces designed to ensure progress in and out of the office.
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