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Do you have a passion for researching and combating Money Laundering, Economic Sanctions and Fraud? Would you like to review Negative news and Politically Exposed Persons to identify and escalate suspicious activity? Are you detail oriented and work well in a high functioning faced paced environment? Excited to learn more? If so, then this could be the role for you!
LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 22,000 financial advisors, 1,100 institution-based investment programs, and 500 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.
Job Overview
The AML Compliance Due Diligence and Monitoring Team is looking for a driven and self-motivated individual to join the team. The AML Compliance Customer Screening Senior Analyst completes reviews of customer screening alerts for negative news, sanctions, and other risk activities, including high priority and sensitive alerts, to determine if the subject of the alert is a customer of the firm and then determine the risk posed by the activity identified for potential escalation.
Responsibilities:
The responsibilities of AML Compliance Customer Screening Analyst include but are not limited to:
• Reviews screening alerts related to negative news, Politically Exposed Persons (PEP), Information Sharing 314(a), Office of Foreign Assets Control (OFAC), cannabis related businesses, and other high other high-risk industries to determine if the alert is a match to a firm associated entity or individual.
• Upon an identified match, determines the risk posed and the appropriate escalation path either within or outside the department.
• Participates in supporting management with responding to legal, regulatory, or internal audit inquiries as warranted.
• Assists management in providing training and guidance to more junior team members.
What are we looking for?
We want strong collaborators who can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement.
Requirements:
• Bachelor’s Degree
• 3-5 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.
• Strong knowledge of the brokerage and advisor industry.
Preferences
• Certified Anti-Money Laundering Specialist (CAMs) Certification
• FINRA License Series SIE, 7 or 24
• Strong knowledge of AML laws, regulations, and industry best practices including, but not limited to the Bank Secrecy Act (BSA), USA PATRIOT Act, Financial Action Task Force (FATF) recommendations, and Office of Foreign Assets (OFAC) Regulations.
• High level of analytical and problem-solving skills, desire to learn quickly, be flexible and think strategically with attention to detail and accuracy.
• Excellent written and oral communication skills with the ability to present information in differing degrees of details and form depending on the audience.
• Ability to identify risk issues related to financial crime, knowledge to provide guidance when warranted, and insight to appropriately escalate issue to others for further guidance.
• Developing strategic thinking to understand how the work they do impacts the overall AML program and fits into the broader mission of the firm.
• Strong knowledge of LPL’s business model and operational processes.
Pay Range:
$73,100.00 – $121,800.00
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!
Why LPL?
At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation’s leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential.
We are one team on one mission. We take care of our advisors, so they can take care of their clients.
Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees. We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.
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Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.
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.
