Job Description

Wealthfront is seeking a talented, passionate, and detail-oriented Anti-Money Laundering (AML) compliance professional to join its Transaction Monitoring team. As the newest member of transaction monitoring, the ideal candidate will enjoy hands-on investigative work, possess strong intellectual curiosity, and have an interest in applying technology to improve business processes. This role offers an opportunity to develop AML skills in an individual contributor capacity. The individual will collaborate closely with the Financial Intelligence Unit and other departments such as Fraud Operations, Product Support, Legal and Compliance, and Engineering.

Responsibilities

1. Conduct in-depth reviews of transactional activity, KYC records, and open-source research to identify AML and fraud typologies in accordance with regulatory requirements.
2. Monitor reports to identify suspicious activity and refer alerts to the Financial Intelligence Unit.
3. Assist in identifying unusual financial activities indicating potential money laundering, terrorist financing, or fraud.
4. Support and enhance the company's suspicious activity detection, transaction monitoring, and reporting programs, including updates to controls, policies, and procedures.
5. Assist with adverse media and PEP watchlist screening.
6. Partner with Engineering teams to develop and improve transaction monitoring processes.
7. Support investigative and regulatory reporting processes within the Financial Intelligence Unit.

Expertise

1. Deep understanding of money laundering typologies and red flags.
2. Experience developing and reviewing transaction monitoring parameters.
3. Excellent analytical, organizational, and deadline management skills.
4. Knowledge of BSA/AML, FINRA, MSRB, and SEC regulations.
5. Experience leading cross-functional projects, especially with engineering teams.
6. Strong communication skills.
7. Curiosity and interest in leveraging technology to improve processes.
8. Broad analytical skills with problem-solving and creative solution capabilities.

Minimum Requirements

• BA/BS degree
• 1-2 years of relevant experience in AML or fraud transaction monitoring
• Willingness to obtain necessary licenses or registrations

Preferred Qualifications

• CAMS or CFE certification
• Experience with SQL
• Product experience with ACH/wires and debit cards
• Understanding of broader financial services, including investment advisory and banking

Estimated annual salary range: $85,065 - $102,000 USD, plus equity and discretionary bonus.

Benefits include medical, vision, dental, 401K, generous time off, parental leave, wellness reimbursements, professional development, employee investing discounts, and more!

Seniority level

• Entry level

Employment type

• Full-time

Job function

• Finance and Sales

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