AML Monitoring Analyst

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 Expertise: - 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 - 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 Required: - BA/BS degree - 2 - 4 years of 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 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 products, portfolio lines of credit, and home lending products - Experience supporting AML compliance programs in a banking-as-a-service (BaaS) or bank partnership model - Experience with or general understanding of broader financial services including investment advisory, retail banking, and consumer lending