What are the responsibilities and job description for the Manager, AML Investigations position at LPL Financial?
The Manager, AML Investigations will lead a team of AML Investigators who are responsible for conducting in-depth investigations into suspicious financial activities to help mitigate money laundering and other financial crimes.
Responsibilities
$79,688-$132,813/year
Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!
Company Overview:
LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that the firm should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor ("RIA") firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional.
At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.
Join LPL Financial: Where Your Potential Meets Opportunity
At LPL Financial, we believe that everyone deserves objective financial guidance. As the nation’s leading independent broker-dealer, we offer an integrated platform of cutting-edge technology, brokerage, and investment advisor services.
Why LPL?
Information on Interviews:
LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card. Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at (855) 575-6947.
EAC1.22.25
Responsibilities
- Manages a team of investigators by providing training (internal and external), support, and guidance to personnel (Engagement, Performance Coaching, Career Development, Process Changes/Updates, etc.)
- Sets standards and maintains all procedures pursuant to AML Investigations
- Maintains all support functions including assignments, routine data validation, error corrections, metrics reporting, quality assurance, and staffing assessments as well as setting clear production expectations and holding staff accountable to those goals.
- Conducts management review of completed work providing feedback to team members, as warranted/appropriate
- Proactively identifies issues and works to develop solutions in conjunction with senior leadership that focus on both operational efficiency and risk mitigation
- Responsible for maintaining team metrics as well as KRIs and KPIs and providing information to senior leadership as warranted and required
- Ability to identify risk issues related to financial crime, knowledge to provide guidance when warranted, and insight to appropriately escalate issues to others for further guidance
- Ability to foster and develop relationships across the department and develop as a trusted advisor in their specific area of expertise and strong knowledge of LPL's business model and operational processes
- Look for opportunities to continually improve processes for efficiency without sacrificing quality
- Fosters learning opportunities for team members in daily work; actively learn from mistakes with accountability
- Bachelor's degree
- 5 years of experience in financial crime in such activities as conducting suspicious activity alert reviews for money laundering or fraud, customer screening reviews, or testing controls related to money laundering or fraud
- Experience includes a minimum of 2 years of conducting Fraud or AML Investigations, documenting and report writing, interviewing subjects, and filing Suspicious Activity Reports when needed.
- Previous experience as a people manager or functional lead providing mentorship, guidance, coaching, and training to existing team members
- Expert knowledge of AML regulations: Understanding of relevant laws, regulations, and industry best practices related to AML compliance, such as the Bank Secrecy Act (BSA), USA PATRIOT Act, and Financial Action Task Force (FATF) recommendations.
- Strong analytic and problem-solving skills, attention to detail, highly organized, and excellent communication skills (both written and oral)
- Strong strategic thinking to understand how the work they do impacts the overall AML program and fits into the broader mission of the firm
- Certified Anti-Money Laundering Specialist Certification (CAMS)
- FINRA License Series 7 or 24
$79,688-$132,813/year
Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!
Company Overview:
LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that the firm should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor ("RIA") firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional.
At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.
Join LPL Financial: Where Your Potential Meets Opportunity
At LPL Financial, we believe that everyone deserves objective financial guidance. As the nation’s leading independent broker-dealer, we offer an integrated platform of cutting-edge technology, brokerage, and investment advisor services.
Why LPL?
- Innovative Environment: We foster creativity and growth, providing a supportive and responsive leadership team. Learn more about our leadership team here!
- Limitless Career Potential: Your career at LPL has no limits, only amazing potential. Learn more about our careers here!
- Unified Mission: We are one team on one mission—taking care of our advisors so they can take care of their clients. Learn more about our mission and values here!
- Impactful Work: Our size is just right for you to make a real impact. Learn more here!
- Commitment to Equality: We support workplace equality and embrace diverse perspectives and backgrounds. Learn more here!
- Community Focus: We care for our communities and encourage our employees to do the same. Learn more here!
- Benefits and Total Rewards: Our Total Rewards package goes beyond just compensation and insurance. It includes a mix of traditional and unique benefits, perks, and resources designed to enhance your life both at work and at home. Learn more here!
Information on Interviews:
LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card. Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at (855) 575-6947.
EAC1.22.25
Salary : $79,688 - $132,813
