Department: Compliance
Reports To: Chief Compliance Officer, Tastytrade
Employment Type: Full-Time
Salary: $120,000-$180,000
Asan AML Compliance Officer ("AMLCO"), you will play a critical role in ensuring compliance with anti-money laundering regulations, policies, and procedures. Your primary responsibility will be to identify, prevent, and report potential instances of money laundering, terrorist financing, and other financial crimes within the organization, across all tasty products, including but not limited to, equities, options, futures, crypto and event contracts. You will work closely with various internal teams to implement effective AML controls, conduct investigations, and maintain a strong regulatory standing. This position requires a deep understanding of AML laws and regulations specific to broker-dealer, futures commission merchant, swap firm, and introducing broker operations, as well as strong analytical and problem-solving skills.
What You'll Do:- Develop, implement, and maintain comprehensive AML policies, procedures, and controls that align with regulatory requirements (FINRA, SEC, CFTC, and NFA) and industry best practices.
- Conduct regular AML risk assessments to identify and mitigate potential AML/Sanctions risks associated with products, services, and customer base.
- Act as the primary point of contact for regulatory authorities, auditors, and law enforcement requests, managing all inquiries, examinations, and reporting obligations related to AML compliance.
- Provide oversight and guidance over the enterprise compliance function.
- Establish and maintain relationships with industry Peers, Partners, and Regulators to foster a collaborative approach to compliance.
- Conduct thorough investigations into flagged transactions or activities, collaborating with internal teams such as compliance, legal, and operations to gather necessary information and evidence.
- Responsible for customer cashiering activity surveillance, trade surveillance programs, and KYT requirements.
- Tune and continuously improve monitoring coverage regarding AML Systems, Reporting and Analytics, including for AML transaction monitoring systems.
- Stay updated on relevant AML laws, regulations, and industry trends, and proactively assess the impact of any changes on the firm's AML program, recommending necessary updates to policies and procedures.
- Lead CDD, EDD, and Customer Risk rating efforts.
- Keep accurate records and documentation of AML activities, investigations, and reporting, ensuring adherence to recordkeeping requirements.
- Prepare and oversee Suspicious Activity Reporting, 314(a), and 314(b)
- Engage routinely with Account and Banking Operations, Fraud, Legal, Audit, Engineering, Data Analytics, and other business lines
Who You Are:- Bachelor's degree in finance, business administration, or a related field. Advanced degrees or professional certifications (e.g., CAMS - Certified Anti-Money Laundering Specialist) are highly desirable.
- Extensive experience in AML compliance within a broker-dealer firm, with a comprehensive understanding of KYC, CDD, EDD, Sanctions/OFAC, AML laws, regulations, and best practices specific to the industry.
- Solid knowledge of relevant regulatory frameworks, including the Bank Secrecy Act (BSA), USA PATRIOT Act, CFTC, NFA, FINRA AML rules, and other applicable regulations.
- Strong analytical and investigative skills, with the ability to identify suspicious patterns, conduct detailed investigations, and make sound judgments based on available information.
- Excellent written and verbal communication skills, with the ability to effectively interact with internal stakeholders, regulatory authorities, and external parties.
- Detail-oriented mindset, with exceptional organizational and time management skills to handle multiple priorities and meet deadlines.
- Collaborative and team-oriented approach, capable of working with cross-functional teams and building strong relationships across the organization.
Licensing:- Required: Series 3, Series 7, Series 24, and Series 63
- Preferred: CAMS certification
Company Perks + Benefits: - Performance Bonuses
- Stock Purchase Options
- Medical/Vision/Dental Benefits
- 401k Plan
- 20 Paid Vacation Days (plus an additional paid vacation day the month of your birthday!)
- 10 Paid Sick Days
- Gym Membership Reimbursement
- Commuter Benefits
- Pet Insurance
- Wellness & Mental Health Programs
- Charitable Donation Matching
- Two Paid Volunteer Days Off
- Daily catered lunch when in the office
- Full kitchen with snacks and beverages
- In-building gym
- Shuttle to/from Metra
Discretionary Performance Bonus: 15-20% of base salary based on individual and company performance.
Location: Our office is in the West Loop - Chicago's growing center of tech, great cuisine, and high-end bars.
tastytrade | tastylive | tastyfx1330 W Fulton Market, Chicago, IL 60607
*Don't meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they have every single qualification. Our team is dedicated to building a diverse, inclusive, and authentic workplace, so if you're excited about this role, but your experience doesn't align perfectly, we encourage you to apply anyway. You may be just the right candidate for this or other roles!
