UNAVAILABLE
AML Escalations and Enhanced Due Diligence Associate
UNAVAILABLE, Miami, Florida, us, 33222
Overview
Permanent, full-time, hybrid #LI-Hybrid #LI-SD1 Connecting clients to markets – and talent to opportunity. With 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we’re a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors. Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, The StoneX Group is made up of four segments that offer endless potential for progression and growth. Position Purpose: The AML EDD Associate is responsible for conducting customer and enhanced due diligence on accounts requiring AML reviews as well as periodic KYC refreshes. They will also address escalations and inquiries received within the department. They will evaluate information received, determine risk factors, and provide an assessment based on their investigative research applied to AML Officers. They should have a good understanding of complex corporate accounts and account structures, experience conducting extensive due diligence on high-risk customers, and strong knowledge of the FINCEN CDD Rule, BSA, USA Patriot Act, and OFAC requirements. Responsibilities
Responsibilities: Conducting Enhanced Due Diligence on complex accounts and higher risk customers Preparing a memo of findings and assessment (Develop EDD and CDD templates with Unit) Conducting EDD periodic reviews and remediations Handle escalations from front office or onboarding teams Ensuring unwanted prospects, relationships, or exited customers are added to the internal Blacklist Working with the team to develop enhanced desktop procedures Updating EDD and PEP list; conducting periodical reviews accordingly Provide guidance as needed to onboarding team(s) on additional document requirements as well as alerts warranting escalation Reviewing and assessing Alert escalations (Name screening for negative news, PEPs, and potential sanctions hits) Work closely with cross-department stakeholders Support AML Escalations Manager on existing Business As Usual (BAU) KYC/EDD function enhancements to improve processes where needed Qualifications
To land this role you will need: Previous experience in AML Compliance and KYC Regulations and Requirements Minimum 2-4 years experience in a similar AML capacity conducting Enhanced Due Diligence within a multi-faceted international financial services institution (preferably large international broker dealer, private banking or investment banking firm) Ability to conduct deep due diligence and make recommendations using good judgement based on information compiled Memorialize findings and risk assessment in EDD template Actively contribute to KYC/EDD projects and enhancements within Unit Appropriately assess risk, demonstrating particular consideration for the firm's reputation and safeguarding the firm, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating/reporting control issues with transparency Good communication and writing skills Ability to collaborate, build relationships and work across the organization in a multi-site matrix environment Extensive experience in Financial Services (Broker Dealer, Retail and Wholesale Banking) CAMS Certified (or willing to obtain within 18 months) Bachelor's degree/University degree Must be authorized to work in the US for any employer Hiring Salary Range $70,000-$95,000 (Salary to be determined by the education, experience, knowledge, skills and abilities of the applicant, internal equity and alignment with market data.) Subject to business performance and recommendations of management, this role may be eligible to participate in an incentive compensation plan. This compensation package, in addition to a full range of medical, financial, and/or other benefits, dependent on the position, is offered.
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Permanent, full-time, hybrid #LI-Hybrid #LI-SD1 Connecting clients to markets – and talent to opportunity. With 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we’re a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors. Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, The StoneX Group is made up of four segments that offer endless potential for progression and growth. Position Purpose: The AML EDD Associate is responsible for conducting customer and enhanced due diligence on accounts requiring AML reviews as well as periodic KYC refreshes. They will also address escalations and inquiries received within the department. They will evaluate information received, determine risk factors, and provide an assessment based on their investigative research applied to AML Officers. They should have a good understanding of complex corporate accounts and account structures, experience conducting extensive due diligence on high-risk customers, and strong knowledge of the FINCEN CDD Rule, BSA, USA Patriot Act, and OFAC requirements. Responsibilities
Responsibilities: Conducting Enhanced Due Diligence on complex accounts and higher risk customers Preparing a memo of findings and assessment (Develop EDD and CDD templates with Unit) Conducting EDD periodic reviews and remediations Handle escalations from front office or onboarding teams Ensuring unwanted prospects, relationships, or exited customers are added to the internal Blacklist Working with the team to develop enhanced desktop procedures Updating EDD and PEP list; conducting periodical reviews accordingly Provide guidance as needed to onboarding team(s) on additional document requirements as well as alerts warranting escalation Reviewing and assessing Alert escalations (Name screening for negative news, PEPs, and potential sanctions hits) Work closely with cross-department stakeholders Support AML Escalations Manager on existing Business As Usual (BAU) KYC/EDD function enhancements to improve processes where needed Qualifications
To land this role you will need: Previous experience in AML Compliance and KYC Regulations and Requirements Minimum 2-4 years experience in a similar AML capacity conducting Enhanced Due Diligence within a multi-faceted international financial services institution (preferably large international broker dealer, private banking or investment banking firm) Ability to conduct deep due diligence and make recommendations using good judgement based on information compiled Memorialize findings and risk assessment in EDD template Actively contribute to KYC/EDD projects and enhancements within Unit Appropriately assess risk, demonstrating particular consideration for the firm's reputation and safeguarding the firm, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating/reporting control issues with transparency Good communication and writing skills Ability to collaborate, build relationships and work across the organization in a multi-site matrix environment Extensive experience in Financial Services (Broker Dealer, Retail and Wholesale Banking) CAMS Certified (or willing to obtain within 18 months) Bachelor's degree/University degree Must be authorized to work in the US for any employer Hiring Salary Range $70,000-$95,000 (Salary to be determined by the education, experience, knowledge, skills and abilities of the applicant, internal equity and alignment with market data.) Subject to business performance and recommendations of management, this role may be eligible to participate in an incentive compensation plan. This compensation package, in addition to a full range of medical, financial, and/or other benefits, dependent on the position, is offered.
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