Anti-Money Laundering Associate (Remote Work Option)
About Wealth Enhancement Wealth Enhancement is an independent wealth management firm with an endless passion for enriching the lives of our clients. We continually seek to perfect our craft of personalized financial planning with our team-based Roundtable and UniFi processes that go far beyond the standard approach. We proudly provide unique financial plans and investment management services to over 80,000 households from our over 140 offices - and growing - nationwide. Since 1997, Wealth Enhancement has tirelessly raised the standard of wealth management with specialized knowledge and more attentive service that helps every client craft their future. For more information, please visit www.wealthenhancement.com . We are seeking an Anti-Money Laundering Associate who will serve as a subject matter expert in Anti-Money Laundering and related regulatory requirements. In addition, the Associate will assist with the reviews, testing, and compliance obligations under FINRA Rule 3310 and applicable SEC regulations. This role will work closely with the Director of Compliance and AML Officer on initiatives to strengthen AML controls, enhance surveillance processes, and support business growth while mitigating financial crime risk, in a hybrid or remote capacity. In the spirit of pay transparency, we are excited to share the base salary range for this position is $58,300.00 to $65,000.00, exclusive of bonuses and benefits. This role is also eligible for our corporate bonus. Primary Job Functions Oversee AML compliance requirements
- Ensure compliance with regulatory requirements under the Bank Secrecy Act (BSA), USA PATRIOT Act, FINRA Rule 3310, and other applicable laws impacting the firm.
- Coordinate AML activities across the organization to identify areas for program improvement, assist with issue resolution, and implement policies and procedures to mitigate financial crime risk.
- As new AML-related rules are passed and existing rules evolve, work with partners to research, interpret, and develop recommendations regarding their impact on the firm’s broker-dealer platforms.
- Demonstrate AI literacy by evaluating, adopting, and optimizing artificial intelligence tools to strengthen AML controls, improve transaction monitoring, and support regulatory compliance. Stay informed on AI-driven advancements relevant to financial crime detection and compliance processes.
- Coordinate regulatory training materials related to AML compliance for employees and registered representatives.
- Maintain a thorough and up-to-date understanding of AML regulations through ongoing education.
- Collaborate and consult with stakeholders to make recommendations on documentation and information necessary to achieve AML compliance goals. Additional Compliance Responsibilities
- Assist with development, testing, and oversight of AML-related controls for trading and operational platforms.
- Apply AI literacy to assess, recommend, and document AML workflows, automate routine compliance tasks, and enhance data analysis capabilities. Provide guidance to team members on responsible and effective use of AI tools.
- Contribute to AML risk assessments and customer risk rating processes.
- Develop, analyze, and recommend policy and procedure changes based on business line reviews.
- Facilitate periodic reviews of AML processes with content owners to ensure execution aligns with policy.
- Support compliance operations related to trade surveillance, sanctions screening, and suspicious activity investigations.
- Assist in compliance department functions as needed. Process Improvement and Documentation
- Identify opportunities to improve efficiency in AML workflows.
- Document and maintain standard operating procedures (SOPs).
- Collaborate with compliance leadership to implement best practices and technology solutions.
- Proactively identify emerging risks and adjust priorities as needed. Reporting and Data Management
- Generate reports on AML status and timelines.
- Track metrics related to turnaround times and error rates for continuous improvement. Education/Qualifications
- 2+ years’ experience in financial services compliance, or related
- Experience with AML/BSA programs
- Experience and understanding of 314A process
- Understanding of SAR reporting requirements
- Superior verbal and written communication skills
- Proficient with Microsoft Office Suite or related software
- FINRA Series 7 & 66 preferred
- independent work-skills with ability to prioritize competing projects and deadlines
- Self-starting, proactive person who demonstrates initiative, ownership, and leadership
- Drive, enthusiasm, and strong work ethic
- Ability to influence and interface with all levels of employees and leaders at WEG WEG hires employees and makes decisions about their salary qualifications based on factors such as the role to be performed; educational and professional experience, qualifications, skills and credentials; tenure, cost-of-living and demand for the r
Apply tot his job Apply To this Job