Job Summary
Under limited supervision, uses specialized knowledge and skills in securities and/or banking industry
compliance obtained through experience, specialized training and/or certification to monitor and
investigate potentially suspicious activity, including money movements and trades. Ensure compliance with AML rules and regulations through the filing of Suspicious Activity Reports (SARs) and processing of risky relationships, with escalation to business leaders for client retention decisions as deemed appropriate. Resolves or recommends solutions to complex problems. Extensive contact with internal
customers is required to identify, research and resolve problems.
Essential Duties And Responsibilities
- Investigate potentially suspicious activity that may arise from account surveillance, branch
escalations, negative news matches, regulatory investigations, and matters otherwise escalated to the AML Group by other AML teams, the Business, Compliance, Legal, Risk or other Firm divisions where account activity or client-related negative news is at issue.
- Conduct appropriate due diligence related to the potential suspicious activity through the review of
client background information, review of securities transactions, and fund movements as necessary.
- Make decisions as to whether activity is deemed suspicious, prepare and file SARs and/or STRs as needed.
- Conduct due diligence searches in various third party and internal databases.
- Perform analysis and reviews utilizing internal and third-party research tools.
- Administers policies and procedures to ensure compliance with regulations related to money
laundering included in the USA PATRIOT Act.
- Analyze negative news escalations and work with business partners in relationship termination and/or risk mitigation processes
- Monitor regulatory developments and industry trends to facilitate incorporation into the Firms’ AML
program.
- Develops documentation related to AML issues to enhance corporate policies.
- Informs senior compliance management about issues that may involve rule violations or potential
liability.
- Maintains currency in laws and regulations pertaining to anti-money laundering compliance.
- Performs other duties and responsibilities as assigned.
Qualifications:
Knowledge, Skills, And Abilities
Knowledge of
- Concepts, practices and procedures of securities industry and/or banking compliance reviews.
- Rules and regulations of the USA PATRIOT Act.
- Fundamental investment concepts, practices and procedures used in the securities industry.
- Principles of banking and finance and securities industry operations.
- Financial markets and products.
Skill in
- Administering anti-money laundering policies and procedures.
- Analyzing customer profiles and transactional activity to identify suspicious activity.
- Communicating findings and risks to senior management.
- Planning and scheduling work to meet regulatory organizational and regulatory requirements.
- Identifying and applying appropriate compliance monitoring procedures and tests.
- Making rule-based and analytical decisions.
Ability to
- Apply a curious mind to research, gather information, identify linkages and trends and apply findings to assignments.
- Interpret and apply anti-money laundering regulations and identify and recommend compliance
changes as appropriate.
- Stay organized while working on multiple tasks to meet strict deadlines in a fast-paced work environment.
- Communicate effectively, both orally and in writing.
- Work independently as well as collaboratively within a team environment.
- Provide a high level of customer service.
- Establish and maintain effective professional working relationships at all levels of the organization.
- Maintain confidentiality.
- Maintain currency in anti-money laundering rules and regulations and compliance examination
techniques and best practices.
Educational/Previous Experience Requirements
- Bachelor’s Degree from a four-year college or university in a related field and 3-5 years AML investigatory and analysis experience.
OR ~
- Any equivalent combination of experience, education and/or training approved by Human Resources.
Licenses/Certifications
- CAMS certification required or ability to obtain within 6 months of employment.
Travel
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
- Grow professionally and inspire others to do the same
- Work with and through others to achieve desired outcomes
- Make prompt, pragmatic choices and act with the client in mind
- Take ownership and hold themselves and others accountable for delivering results that matter
- Contribute to the continuous evolution of the firm
At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
Job :
Compliance
Primary Location :
US-FL-St. Petersburg-Saint Petersburg
Organization :
Financial Intelligence Unit
Schedule :
Full-time
Shift :
Day Job
Travel :
No
Salary Range: CO, NY, CA, WA (based on Education, Work Experience, and Geographic Location)
$80,000 - $85,000
Eligible for Discretionary Bonus :
Yes
