Customer Due Diligence & Referral Management Senior Analyst - AML Compliance

LPL Financial Holdings, Inc. • $73K — $123K *
Tempe, AZ 85281In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's Degree required
  • 3-5 years of experience in financial crime, including suspicious activity alert reviews
  • Strong knowledge of AML laws and regulations including BSA and USA PATRIOT Act
  • Excellent analytical and problem-solving skills, with attention to detail
  • Ability to identify risk issues in financial crime and escalate appropriately
  • Strategic thinker with understanding of AML program impact
  • Skilled in building relationships and acting as a trusted advisor within the department

Responsibilities

  • Conduct due diligence reviews on potential customers to evaluate the purpose of their relationship with the firm
  • Make recommendations on customer onboarding based on risk assessment
  • Perform Rapid Risk Assessments for potential policy exceptions regarding AML risks
  • Evaluate incoming referrals to determine escalation points for further action
  • Manage the Internal Watch List and handle blocked customer referrals
  • Train and guide junior team members to enhance team capability

Benefits

  • 401K matching
  • Health benefits
  • Employee stock options
  • Paid time off
  • Volunteer time off
  • Comprehensive Total Rewards package designed for work-life balance
Full Job Description
Job Overview:

The AML Compliance Customer Due Diligence & Referral Management Senior Analyst completes due diligence reviews on prospective customers to determine the nature and purpose of the customer relationship, completes Rapid Risk Assessments (RRA) and triages incoming referrals for assignment throughout the department.

Responsibilities:
  • Conducts due diligence reviews on prospective customers to determine the nature and purpose of customer relationship and develop an understanding of the types of transactions in which a customer is likely to engage businesses, and other high other high-risk industries to determine if the alert is a match to a firm associated entity or individual.
  • Upon completion of the review the team determines, the risk to the firm of onboarding the customer and provides a recommendation to on-board or not. As warranted, the team works directly with the AML Client Review Working Group to facilitate the prospect decline.
  • Completes Rapid Risk Assessments for AML risks related to customers that might be considered towards a policy exception.
  • Evaluates referrals to the department to determine the appropriate escalation point for resolution including, but not limited, to an investigation team for review or Advisory for consultation.
  • Administer the Internal Watch List and responds to blocked customer referrals
  • Assists management in the training of and providing guidance to more junior team members.


What are we looking for?

We're looking for strong collaborators and team players who thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.

Requirements:
  • Bachelor's Degree
  • 3-5 years of experience in financial crime in such activities as conducting suspicious activity alert reviews for money laundering or fraud, customer screening reviews, or testing controls related to money laundering or fraud.
  • Strong knowledge of AML laws, regulations, and industry best practices including, but not limited to the Bank Secrecy Act (BSA), USA PATRIOT Act, Financial Action Task Force (FATF) recommendations, and Office of Foreign Assets (OFAC) Regulations.
  • Analytic and problem-solving skills, attention to details, highly organized, and excellent communication skills (both written and oral).
  • Ability to identify risk issues related to financial crime, knowledge to provide guidance when warranted, and insight to appropriately escalate issue to others for further guidance.
  • Strategic thinking to understand how the work they do impacts the overall AML program and fits into the broader mission of the firm.
  • Ability to foster and develop relationships across the department and developing as a trusted advisor in their specific area of expertise and strong knowledge of LPL's business model and operational processes.


Preferences
  • Certified Anti-Money Laundering Specialist (CAMs) Certification
  • FINRA License Series SIE, 7 or 24


Pay Range:
$73,851.00 - $123,085.00
Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play - such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!

About LPL Financial Holdings, Inc.

LPL Financial Holdings, Inc. Careers

Joining LPL Financial Holdings, Inc. presents an unparalleled opportunity to become part of a leading team of professionals in the financial services industry. The company is renowned for its commitment to innovation, leadership, and professional growth, making it an ideal workplace for ambitious individuals looking to advance their careers.

Explore Job Opportunities

LPL Financial Holdings, Inc. offers a variety of job opportunities that cater to a range of skills and interests. From entry-level positions to senior leadership roles, each job opening provides a platform for personal and professional development. Candidates can expect a rigorous interview process that ensures each team member is not only a fit for the position but also aligns with the company's culture of excellence and integrity.

Internship Programs

For those starting their career journey, LPL Financial Holdings, Inc. provides robust internship programs designed to offer real-world experience in the financial sector. Internships are a cornerstone of the company's commitment to nurturing young talent, providing a foundation of knowledge and skills that are crucial for future employment in the industry.

Commitment to Diversity and Inclusion

Diversity and inclusion are at the heart of LPL Financial Holdings, Inc. The company believes in empowering all employees through diversity training and leadership opportunities that promote an inclusive workplace. This approach not only enhances team collaboration but also drives innovation and creativity.

Benefits and Culture

LPL Financial Holdings, Inc. is dedicated to supporting its employees with comprehensive benefits designed to promote a healthy work-life balance. Benefits include competitive health care options, retirement plans, and wellness programs. The company culture is built on a foundation of mutual respect and teamwork, encouraging networking and professional development across all levels of the organization.

Professional Growth and Development

Employees at LPL Financial Holdings, Inc. are encouraged to continuously enhance their professional skills and advance their careers within the company. Leadership development programs and continuous learning opportunities are readily available, allowing individuals to achieve their career goals and contribute effectively to their teams.

Join the LPL Financial Holdings, Inc. Team

LPL Financial Holdings, Inc. is actively hiring and looking for passionate, creative, and solution-driven team players. Explore open positions that match your skills and interests on the LPL Financial Holdings, Inc. careers page. Each position offers a chance to be part of a dynamic team that is instrumental in shaping the future of financial services.

Stay Connected

Keep up to date with career tips, insider perspectives, and industry-leading insights through the LPL Financial Holdings, Inc. careers blog. Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities that await at LPL Financial Holdings, Inc.

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Embark on a career path that fosters growth, embraces diversity, and rewards innovation. LPL Financial Holdings, Inc. is not just a company—it's a place where you can make a difference.
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Finance & Insurance
* Ladders Estimates

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