Offer summary

Qualifications:

BA/BS degree required., 1-2 years of relevant experience in AML or fraud transaction monitoring., Strong knowledge of BSA/AML, FINRA, MSRB, and SEC regulations., CAMS or CFE certification preferred. .

Key responsibilities:

Conduct in-depth reviews of transactional activity and KYC records to identify AML and fraud typologies.

Monitor reports to identify suspicious activity and refer alerts to the Financial Intelligence Unit.

Support the company's transaction monitoring and reporting programs, driving enhancements to related controls and policies.

Collaborate with engineering teams to develop and enhance transaction monitoring processes.

Job description

Wealthfront is seeking a talented, passionate, and detail-oriented Anti-Money Laundering (AML) compliance professional to join its Transaction Monitoring team. As the newest member to transaction monitoring, the ideal candidate will be someone who enjoys hands-on investigative work, possesses a strong degree of intellectual curiosity, holds an interest in applying technology to enhance business processes, and will be looking to continue developing their AML skillset in an individual contributor capacity. This individual will work closely with other members of the Financial Intelligence Unit, and collaborate with other departments across the firm including Fraud Operations, Product Support, Legal and Compliance, and Engineering.

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

Estimated annual salary range: $$85,065-$102,000 USD plus equity and a discretionary bonus.

Benefits include medical, vision, dental, 401K plan, generous time off, parental leave, wellness reimbursements, professional development, employee investing discount, and more!

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