Anti-Money Laundering Monitoring Analyst

About This Role

An Anti-Money Laundering (AML) compliance professional will join the AML Monitoring team, playing a key role in the newly formalized triage function. This individual will assess all referrals of potentially suspicious activity before escalation to the Financial Intelligence Unit (FIU), including requests under Section 314(a) and 314(b) of the USA PATRIOT Act, subpoenas, and internal referrals. The role suits someone who enjoys hands-on investigative work, possesses intellectual curiosity, and is interested in applying technology to enhance business processes.

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

Requirements

• 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