KYC Analyst

Overview:

If you’re looking for a high-energy, inclusive atmosphere and a company that understands the importance of work/life balance, Commonwealth is your match! From generous bonus and 401(k) programs to tuition reimbursement and flexible work schedules, Commonwealth is focused on helping its employees thrive in an environment suited to their needs. On top of all that, the AML team offers a hybrid work schedule, so you’ll be able to work from home for part of the week!

We’re looking for a KYC/AML Analyst to join our team. In this role, you’ll be primarily responsible for supporting our CIP/KYC program by using your critical thinking and communication skills. You will also assist the AML and Fraud teams in researching and assessing risks faced by our firm, advisors, and their clients. Additionally, you will gather and analyze information related to potential money laundering, fraud, or irregular trading practices, ensuring compliance with the Bank Secrecy Act, AML regulations, the AMLA, and the USA PATRIOT Act.

Key Responsibilities

• Researching and facilitating the resolution of CIP failures and exceptions.
• Performing complex analysis and reporting in support of KYC investigations.
• Reviewing advisor meetings, emails, and general notes to understand the rationale behind transactions, trading, and account setup.
• Responding to common inquiries or complaints from advisors.
• Reviewing, comparing, and validating government-issued IDs.
• Compiling and conducting advanced analysis of customer due diligence documentation and related research.
• Conducting high-end OSINT to mitigate or confirm risks.
• Effectively managing interpersonal relationships during reviews involving multiple departments.
• Reporting adverse results to team leaders in a timely manner.
• Carrying out other research projects as requested in support of AML and Fraud teams.

Core Strengths and Skills

• Bachelor's degree
• Ability to evaluate CIP and KYC profiles
• Experience in managing or working in a service environment
• Excellent interpersonal skills and the ability to communicate effectively, both verbally and in writing
• Skilled in conducting OSINT
• Ability to handle highly confidential information with professionalism and appropriate discretion
• Ability to work independently and collaboratively in a group setting
• Critical thinking skills
• Effective organizational skills
• Flexibility and the ability to work well under pressure
• Demonstrated initiative and creativity in problem-solving
• ACAMS certification or ability to attain it within 6 months of hiring

Additional Skills and Knowledge

• Ability to manage and learn multiple systems (e.g., Actimize, Lexis/Nexis)
• Proficiency in Microsoft Office (including Word, Excel, and PowerPoint)
• Basic understanding of various laws, regulations, and industry guidance affecting financial institutions' compliance programs, particularly related to AML, the Bank Secrecy Act, and the USA PATRIOT Act

Have we piqued your curiosity? Can you see yourself thriving in this opportunity? 

Picture Yourself Here 

At Commonwealth, we believe in a better world. We hold ourselves and each other to higher standards. We take care of one another. That’s why we invest in you—we encourage employee growth both in your career and education; we are building out a robust diversity, equity, and inclusion program; we offer incredible health care benefits; and we find plenty of occasions to celebrate. What’s not to love? 

We are always striving to be better, and we are looking for employees who share that same mindset. Better people, better coworkers, better leaders, better creators. Bring your best work and your full self to the table, and we will do the same. Together, we can build a better future for our advisors, their clients, our company, and you. 

About Commonwealth 

Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser, provides a suite of business solutions that empowers more than 2,000 independent financial advisors nationwide. Privately held since 1979, the firm has headquarters in Waltham, Massachusetts; San Diego, California and a new office opening soon in greater Cincinnati, Ohio. 

Turning our advisors into raving fans starts by doing the same for our employees. We foster an environment of excellence, growth, rewards, and fun in equal measure, which has earned us 44 Best Place to Work awards.   

The Fine Print 

We care about your online safety as a prospective employee and encourage you to exercise caution when responding to job postings online. Commonwealth will never ask potential hiring candidates to pay or transfer funds as a precondition of interviews or employment, nor will we authorize recruiters or agents to do so on our behalf.  

Commonwealth is an equal opportunity employer, making intentional efforts to source talent from all backgrounds.