AML Associate

Your Role:

Alpaca is currently looking to hire an AML Associate I for a fully remote position. To perform this job successfully, a candidate must be able to perform each essential duty satisfactorily. Functions consist of assisting the AML Compliance Officer in the designing and administration of the firm's Anti-Money Laundering program, including monitoring and reporting in compliance with OFAC guidelines, the US Patriot Act, Bank Secrecy Act (BSA) and related regulations.  Daily monitoring of accounts and surveillance reports to identify specific transactions and patterns of transactions which may present an increased risk of money laundering activity within the firm and reporting those activities that are deemed suspicious to the AML Compliance Officer. Investigating, researching and conducting analysis of alerted transactions for suspicious activity, conducting high level complex case investigation and effectively arriving at a sound conclusion. Fully documenting and reporting investigation findings in the transaction surveillance system. Assisting in the collection and production of responsive documents during the course of regulatory examination and internal audits. Receive and investigate referrals of an unusual activity escalated from within the firm’s back office teams. Communicating regularly with individuals within the firm regarding an account holder’s, source of funds, their background and the account’s transaction activity. The AML Associate must also demonstrate sound judgment and decision making in the context of regulatory requirements, broker dealer policies, and industry best practices regarding filing of suspicious activity reports. The AML Associate I must be able to work independently. 

Things You Get To Do:

• Partner with the AML Compliance Officer to manage and implement the Firm’s investigative processes for CIP/KYC, AML, and Anti-Fraud programs.

• Investigating potentially suspicious fraudulent activity, as identified utilizing relevant systems and notify/escalate to the AML team, by various facets of the firm.

• Complete and file Suspicious Activity Reports (SARs) as required and properly document SARs filed/not filed.

• Process, maintain, follow-up and timely respond to any OFAC matches and FinCEN 314(a) and 314(b) lists and inquiries.

• Maintain various risk assessment documentation for BSA/AML and OFAC.

• Assist in the annual independent AML audit and interact with regulators during regulatory examinations related to the BSA/AML and OFAC Compliance Programs.

• Respond to inquiries and/or refer inquiries to the appropriate department or person and exhibit the necessary follow-through with customers and/or staff involved.

• Maintains proficient knowledge of the rules, regulations and best practices related to Bank Secrecy, USA. PATRIOT Act, OFAC, and other regulatory laws and provides guidance as needed.

• Develops and maintains knowledge about the existing risk management framework: Management reporting; policies and procedures and limits; risk measurements, and monitoring; internal controls.Recommend and assist in implementing changes as necessary.

• Understand business and regulatory requirements and ensure functions are being performed within those requirements.

• Assumes responsibility for special projects; gathers data and prepares reports for senior management, auditors and other personnel.

Who You Are (Must-Haves):

• 1-3 years experience conducting investigations into financial crime (i.e. money laundering, fraud, etc.)

• Ability to identify, escalate, communicate issues to management in an effective and succinct manner

• Effective decision making and problem solving skills

• Strong knowledge of AML laws (USA Patriot Act), regulations (Fed, SEC, FINRA) and their

• application to the supported products/business lines

• Knowledge with case management systems

• Working knowledge of Google Sheets and MS Excel, including pivot tables, macros, filtering    and sorting

• Applied experience of effective internet search techniques

• Excellent writing, communication, analytical, judgment and research skills

• Knowledge of domestic & international payment systems

• Transaction Monitoring System experience

• FINRA Series 7 (or ability to obtain in 6 months)

• Ability to work in an independent environment

• Strong interpersonal skills & team player

Who You Might Be (Nice-to-Haves):  

• Broker dealer and MSB experience

• CAMS or equivalent (CFCS)

• CFE Certification is a plus

How We Take Care of You:

• Competitive Salary & Stock Options

• Benefits: Health benefits start on day 1. In the US this includes Medical, Dental, Vision. In Canada, this includes supplemental health care.  Internationally, this includes a stipend value to offset medical costs.   

• New Hire Home-Office Setup: One-time USD $500

• Monthly Stipend: USD $150 per month via a Brex Card

• Work with awesome hard working people, super smart and cool clients and innovative partners from around the world

Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.