What are the responsibilities and job description for the Compliance Associate, Transaction Monitoring position at Wealthfront Corporation?
Compliance Professional
Wealthfront is seeking a talented, passionate, and experienced compliance professional to join the Financial Crimes Compliance team's transaction monitoring program.
Responsibilities:
- Conduct in-depth reviews of transactional activity, internal KYC records, and open source research in accordance with regulatory reporting requirements.
- 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 Anti-Money Laundering (AML) typologies.
- 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.
- Maintain awareness of and provide thought leadership for impending regulatory changes.
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.
Requirements:
- BA/BS degree.
- 2-4 years 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 certification.
- Experience with SQL.
- Certified Fraud Examiner certification.
- Experience at a Broker-Dealer, including FINRA Series 7 and 24 registrations.
- Product experience including mutual funds, money market funds, ETFs, margin products and 529 plans.
- Experience with or general understanding of broader financial services including investment advisory and banking.
