Overview
Connecting clients to markets – and talent to opportunity. With 5,400+ employees and over 80,000 institutional, commercial, and payments clients, we operate from more than 80 offices spread across six continents. As a Fortune 100, Nasdaq-listed provider, we connect 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, StoneX Group is made up of four business segments that offer endless potential for progression and growth.
Institutional: Immerse yourself in the best-in-class institutional-grade technology, working alongside industry experts and gaining exposure to various asset classes, such as equities, options, fixed income securities, and advanced trading, research, and management technology.
Responsibilities
Role Purpose: The AML Department manages the anti-money laundering, sanctions, and financial crime compliance and regulatory obligations applicable to the Firm's businesses. We are looking for an experienced Anti-Money Laundering/Financial Crime Compliance subject matter expert specifically dedicated to supporting the Chief AML Officer covering the Broker-Dealer (BD) Securities Division. In this role, the AML Advisory Team Lead will be responsible for handling day-to-day coverage associated with the AML Compliance Program (AML Program), factoring in industry best practices and providing guidance to the front office and cross-department stakeholders. This position will involve, among other tasks, responding to front office inquiries regarding customer-related matters; advising on CIP/KYC/CDD and other AML requirements; analyzing enhanced due diligence (EDD) reviews to evaluate customer risk and providing clearance; performing transaction monitoring reviews and investigations; reviewing and approving wire and third-party fund requests; handling activity and adverse media alert escalations for further review; and working with independent auditors and regulators to provide requested information. The role will also include evaluating current policies and processes on a periodic basis and working with other AML team members on joint projects to enhance the overall AML Program as needed.
Responsibilities
- Maintaining an in-depth understanding of how Bank Secrecy Act (BSA)/USA PATRIOT Act, OFAC/Sanctions, FinCEN, and FINRA/SEC requirements apply in practice to all aspects of the Clearing (Direct and Indirect) and Wealth Management business lines in the BD Securities Division
- Supporting the AML advisory function for the respective business line coverage (CIP/KYC/CDD onboarding, front office, operations/treasury, etc.)
- Handling and resolving AML escalations from the front office, CIP/KYC/CDD onboarding, operations/treasury teams
- Conducting EDD reviews on new accounts for high-net-worth individuals, including complex account structures such as offshore trusts and personal holding companies
- Performing transaction monitoring reviews on client base, assess key risks, conduct deeper investigations as needed, prepare and file SARs when necessary
- Conducting periodic EDD reviews on existing higher risk customers and activity lookbacks
- Ensuring timely completion of assigned cases and escalation of issues that require AML management attention and/or review
- Assisting with updating relevant policies and procedures
- Compiling and providing materials requested during independent audits and regulatory exams
- Reviewing and providing feedback on complex or high-risk KYC cases, ensuring adherence to internal policy, regulatory standards, and quality benchmarks
- Acting as a point of escalation for CIP/KYC/CDD escalations
- Performing other duties as assigned by your line manager
- Providing ad hoc training & guidance on CIP/KYC/CDD requirements as needed; establish escalation path
- Collaborating with other AML stakeholders and first line functions connection with projects to enhance the existing AML Program
Qualifications
- Strong knowledge of AML and related regulatory requirements, including BSA/AML, OFAC sanctions, FinCEN, and FINRA/SEC obligations
- Minimum 5–7 years of direct experience in AML/Financial Crime Compliance (2nd line), with a primary focus on ML Advisory, Enhanced Due Diligence (EDD), and/or AML Investigations
- Direct experience supporting broker-dealer businesses, with a strong understanding of relevant products, services, customer types, and AML regulatory requirements, including FINRA Rule 3310
- Demonstrated experience providing AML advisory support to front office and business stakeholders on complex AML matters, including those involving HNW and UHNW clients, intricate corporate and beneficial ownership structures, and other elevated-risk customer relationships
- Strong partnership, collaboration, and relationship-building skills, with the ability to work effectively across AML, Compliance, Risk, Operations, and business teams
- Excellent written and verbal communication skills, with the ability to effectively communicate complex AML risks, regulatory requirements, and recommendations to business, compliance, and senior management stakeholders
- Strong execution and organizational skills, with a focus on accuracy, attention to detail, and delivery against defined action plans and timelines
- Sound judgment and decision-making abilities, with the capacity to identify, assess, and appropriately mitigate AML and financial crime risks
Hiring Salary Range $110,000 - $150,000 (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.