Anti-Money Laundering Monitoring Analyst, Wealthfront

• The ideal candidate will be someone who enjoys hands-on investigative work, possesses a strong degree of intellectual curiosity, holds an interest in applying technology to enhance business processes, and will be looking to continue developing their AML skillset in an individual contributor capacity
• Deep, wide, and practical understanding of money laundering typologies and related red flags
• Adept at conducting triage or initial assessments of potentially suspicious activity referrals, including determining whether escalation to an investigations team is warranted
• Experience reviewing potentially suspicious activity spanning cash management, automated investment advisory, brokerage, and home lending products
• Familiarity with subpoenas as well as requests received under Section 314(a) and 314(b) of the USA PATRIOT Act
• Adept at developing, refining, and reviewing transaction monitoring parameters designed to surface suspicious activity
• Excellent analytical and organizational skills, able to set and meet deadlines in a fast-paced environment
• Strong working knowledge of BSA/AML, FinCEN, FINRA, and SEC regulations
• Experience leading cross-functional projects, including collaboration with engineering teams
• Strong verbal and written communication skills
• Intellectually curious and interested in applying technology to enhance business processes
• Broad analytical skills, with experience identifying and quantifying problems while providing creative, effective solutions
• BA/BS degree
• 2 - 4 years of direct or relevant experience conducting Anti-Money Laundering (AML), Sanctions, or Follow-the-Money related analysis and/or investigations
• Willingness to obtain applicable registrations and/or licenses as necessary

Desirable

• Wealthfront is seeking a talented, passionate, and detail-oriented Anti-Money Laundering (AML) compliance professional to join its AML Monitoring team
• As the newest member of AML Monitoring, this individual will play a key role in Wealthfront’s newly formalized triage function, through which all referrals of potentially suspicious activity — including requests under Section 314(a) and 314(b) of the USA PATRIOT Act, subpoenas, and internal referrals from across the firm — are assessed prior to escalation to the Financial Intelligence Unit (FIU)
• This individual will work closely with other members of the Legal and Compliance division and collaborate with other departments across the firm including Fraud Operations, Product Support, and Engineering
• Review and disposition transaction monitoring alerts in accordance with established procedures, determining whether escalation to the FIU is warranted
• Conduct in-depth reviews of transactional activity, internal KYC records, and open source research in support of triage and monitoring functions
• Maintain accurate and well-documented records of triage decisions and alert dispositions to ensure consistency, auditability, and stakeholder transparency
• Partner with Engineering teams to develop new and enhance existing transaction monitoring processes
• Leverage expertise to assist in the identification of unusual financial activity indicating potential money laundering, terrorist financing, and fraud
• Conduct deep-dives into account and transaction activity to identify and expand upon existing Fraud and AML typologies
• Support Wealthfront's suspicious activity detection, transaction monitoring, and reporting programs and drive enhancements to the program, including updates to related controls and accompanying policies and procedures
• Assist with Wealthfront's adverse media and PEP watchlist screening
• Maintain awareness of and provide thought leadership on impending regulatory changes