Anti-Money Laundering Monitoring Analyst

Responsibilities:

Review and disposition transaction monitoring alerts in accordance with established procedures, determining whether escalation to the FIU is warranted

Conduct in-depth reviews of transactional activity, internal KYC records, and open source research in support of triage and monitoring functions

Maintain accurate and well-documented records of triage decisions and alert dispositions to ensure consistency, auditability, and stakeholder transparency

Partner with Engineering teams to develop new and enhance existing transaction monitoring processes

Leverage expertise to assist in the identification of unusual financial activity indicating potential money laundering, terrorist financing, and fraud

Conduct deep-dives into account and transaction activity to identify and expand upon existing Fraud and AML typologies

Support Wealthfront'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 Wealthfront's adverse media and PEP watchlist screening

Maintain awareness of and provide thought leadership on impending regulatory changes

Expertise:

Deep, wide, and practical understanding of money laundering typologies and related red flags

Adept at conducting triage or initial assessments of potentially suspicious activity referrals, including determining whether escalation to an investigations team is warranted

Experience reviewing potentially suspicious activity spanning cash management, automated investment advisory, brokerage, and home lending products

Familiarity with subpoenas as well as requests received under Section 314(a) and 314(b) of the USA PATRIOT Act

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, FinCEN, FINRA, 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

2 - 4 years of direct or relevant experience conducting Anti-Money Laundering (AML), Sanctions, or Follow-the-Money related analysis and/or investigations

Willingness to obtain applicable registrations and/or licenses as necessary

Preferred:

CAMS or CFE certification

Experience at a Broker-Dealer and/or Registered Investment Adviser (RIA), including FINRA Series 7 and 24 registrations

Product experience spanning automated investment advisory, brokerage accounts, individual stock investing, cash management and checking products, portfolio lines of credit, and home lending products

Experience supporting AML compliance programs in a banking-as-a-service (BaaS) or bank partnership model

Experience with or general understanding of broader financial services including investment advisory, retail banking, and consumer lending