Stonex Group Inc. Miami , FL 33196
Posted 3 weeks ago
Overview
Permanent, full-time, hybrid (3 days per week in an office) #LI-Hybrid #LI-SD1
The AML EDD Associate is responsible for conducting customer and enhanced due diligence on accounts requiring AML reviews as well as periodic KYC refreshes. They will also address escalations and inquiries received within the department. They will evaluate information received, determine risk factors, and provide an assessment based on their investigative research applied to AML Officers. They should have a good understanding of complex corporate accounts and account structures, experience conducting extensive due diligence on high-risk customers, and strong knowledge on the FINCEN CDD Rule, BSA, USA Patriot Act and OFAC requirements.
Responsibilities
Responsibilities:
Conducting Enhanced Due Diligence on complex accounts and higher risk customers
Preparing a memo of findings and assessment (Develop EDD and CDD templates with Unit)
Conducting EDD periodic reviews and remediations
Handle escalations from front office or onboarding teams
Ensuring unwanted prospects, relationships or exited customers are added to the internal Blacklist
Working with team to develop enhanced desktop procedures
Updating EDD and PEP list; conducting periodical reviews accordingly
Provide guidance as needed to onboarding team(s) on additional document requirements as well as alerts warranting escalation
Reviewing and assessing Alert escalations (Name screening for negative news, PEPs, and potential sanctions hits)
Work closely with cross dept. stakeholders
Support AML Escalations Manager on existing Business As Usual (BAU) KYC/EDD function enhancements to improve processes where needed
Qualifications
Expertise / Requirements:
Previous experience in AML Compliance and KYC Regulations and Requirements
Minimum 2-4 years experience in a similar AML capacity conducting Enhanced Due Diligence within a multi-faceted international financial services institution (preferably large international broker dealer, private banking or investment banking firm)
Ability to conduct deep due diligence and make recommendations using good judgement based on information compiled
Memorialize findings and risk assessment in EDD template
Actively contribute to KYC/EDD projects and enhancements within Unit
Appropriately assess risk, demonstrating particular consideration for the firm's reputation and safeguarding the firm, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating/reporting control issues with transparency.
Good communication and writing skills
Ability to collaborate, build relationships and work across the organization in a multi-site matrix environment
Extensive experience in Financial Services (Broker Dealer, Retail and Wholesale Banking)
Must be authrized to work in the US for any employer.
Hiring Salary Range $70000-$95000 (Salary to be determined by the education, experience, knowledge, skills and abilities of the applicant, internal equity and alignment with market data.) Subject to business performance and recommendations of management, this role may be eligible to participate in an incentive compensation plan. This compensation package, in addition to a full range of medical, financial, and/or other benefits, dependent on the position, is offered.
Stonex Group Inc.