GORM Associate

Who You’ll Work With:

We are seeking a San Antonio based GORM Associate to join our Global Operational Risk Management Department. GORM (Global Operational Risk Management) is responsible for detection and investigation of any potential or actual transactions that may be in violation of the policies and procedures established to ensure compliance with external regulations such as the Patriot Act and the Bank Secrecy Act and internal requirements such as prospectus stipulations. In addition, GORM provides a variety of transaction and surveillance reviews aimed at reducing potential fraudulent losses and/or detect and deter short term and excessive trading.
 

What You’ll Do:
The role will assist the GORM Team and Team Leader with various regulatory reviews, GORM and AML reports, preparation for annual AML audits, and transaction monitoring. The GORM Associate role is essential to ABIS to ensure compliance with applicable Anti-Money Laundering requirements, Section 352 of the USA Patriot Act, The Bank Secrecy Act, and FINRA Rule 3310. In addition, GORM’s prospectus and procedurally focused reviews help to maintain ABIS’ compliance with 22c-2 requirements, which ultimately benefit AB Funds on this previously scrutinized area. Describe the applications and business or enterprise functions the role supports:

• FINRA online database and resources

• FinCEN’s online Secure Information Sharing SystemThe key job responsibilities include, but are not limited to:• Assist in the processing and review of GORM and AML reports

• Monitor customer transaction history for Suspicious Activity

• Develop and maintain relationships with internal and external clients

• Maintain and update department procedures

• Analyzes critical data to detect processing errors, prospectus violations, breaches in internal controls, and potential regulatory and legal violations

• Reviews transactions to ensure legal/prospectus requirements are properly satisfied

• Notifies GORM Team Leader of ABIS operational inquiries or basic procedural questions

• Escalates significant research findings/concerns to Team Leader or Manager to obtain instructions on how to proceed

• With guidance of Team Leader or Manager, researches potential incorrect/improper transactions using TA2000 lookup and AWD source and work objects.

• Documents results/outcomes, supervisory instructions, exception processing, or other miscellaneous comments on AWD or on hardcopy reports

• Updates spreadsheet with various GORM statistics.  Assists management in researching abnormalities in statistical data

• Perform other duties as assigned.

What We’re Looking For:

• 3 years mutual fund operations or financial services experience (within ABIS is preferred)

• 4-year college degree or equivalent experience

• Working knowledge of Microsoft Outlook, Word, Excel, and Access

• Exceptional verbal and written communication skills

• Strong problem-solving or analytical/critical thinking skills

• Attention to detail and ability to multi-task/reprioritize

• Ability to follow documented procedures and apply sound professional judgment

• Knowledge and experience of AML, Fraud Prevention, and compliance monitoring

About AB 

We are a leading global investment management firm offering high-quality research and diversified investment services to institutional clients, retail investors, and private-wealth clients in major markets around the globe. With over 4,000 employees across 57 locations operating in 26 countries and jurisdictions, our ambition is simple: to be the most trusted investment firm in the world. We realize that it's our people who give us a competitive advantage and drive success in the market, and our goal is to create an inclusive culture that rewards hard work. 

Our culture of intellectual curiosity and collaboration creates an environment where you can thrive and do your best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to our clients, we are fully invested in you. If you're ready to challenge your limits and empower your career, join us! 

All are encouraged to apply. AB does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, marital status, citizenship status, sexual orientation, gender identity, military or veteran status or any other basis that is prohibited by applicable law.  AB’s policies and practices seek to ensure that employment opportunities are available to all employees and applicants based solely on job-related criteria.