Anti-Money Laundering Monitoring Analyst

The role

This person will review and decide on suspicious activity referrals in Wealthfront's new triage function, including alerts and requests under Section 314(a) and 314(b) of the USA PATRIOT Act. They will investigate transactions, KYC records and open source research, and work with Legal, Compliance, Fraud Operations, Product Support and Engineering.

What you will do

• Review and disposition transaction monitoring alerts, deciding whether escalation to the FIU is warranted
• Conduct in-depth reviews of transactional activity, internal KYC records, and open source research
• Maintain accurate, well-documented records of triage decisions and alert dispositions
• Partner with Engineering teams to develop and enhance transaction monitoring processes
• Identify unusual financial activity indicating potential money laundering, terrorist financing, and fraud
• Conduct deep-dives into account and transaction activity to identify and expand Fraud and AML typologies
• Support suspicious activity detection, transaction monitoring, and reporting programs, including related controls and policies
• Assist with adverse media and PEP watchlist screening
• Maintain awareness of impending regulatory changes and provide thought leadership on them

Required qualifications

• BA/BS degree
• 2 to 4 years of direct or relevant experience in AML, Sanctions, or Follow-the-Money analysis and/or investigations
• Willingness to obtain applicable registrations and/or licenses as necessary
• Deep understanding of money laundering typologies and related red flags
• Experience triaging potentially suspicious activity referrals, including deciding on escalation
• Experience reviewing suspicious activity across cash management, automated investment advisory, brokerage, and home lending products
• Familiarity with subpoenas and requests under Section 314(a) and 314(b) of the USA PATRIOT Act
• Ability to develop, refine, and review transaction monitoring parameters
• Excellent analytical and organizational skills, meeting deadlines in a fast-paced environment
• Strong working knowledge of BSA/AML, FinCEN, FINRA, and SEC regulations
• Experience leading cross-functional projects, including with engineering teams
• Strong verbal and written communication skills

Nice to have

• CAMS or CFE certification
• Experience at a Broker-Dealer and/or Registered Investment Adviser (RIA), including FINRA Series 7 and 24 registrations
• Product experience spanning automated investment advisory, brokerage accounts, individual stock investing, cash management and checking, portfolio lines of credit, and home lending
• Experience supporting AML compliance programs in a banking-as-a-service (BaaS) or bank partnership model
• General understanding of broader financial services including investment advisory, retail banking, and consumer lending

Benefits

• Medical, vision, and dental coverage
• 401K plan
• Generous time off
• Parental leave
• Wellness reimbursements
• Professional development
• Employee investing discount
• And more

Before you apply

• Willingness to obtain applicable registrations and/or licenses as necessary is required

About the company

Wealthfront aims to build a financial system that favors people, not institutions, using technology to offer low-cost, easy-to-use investing, cash, brokerage and mortgage products. The company says it has over 1.5 million funded clients and more than $100 billion in platform assets.