The Manager, AML Ongoing Due Diligence Investigations leads a team of Due Diligence Investigators responsible for conducting reviews of high-risk customers to identify any changes in their risk profile and escalate material changes for further investigation.
Responsibilities:
Manages a team of investigators by providing training (internal and external), support, and guidance to personnel (Engagement, Performance Coaching, Career Development, Process Changes/Updates, etc.)
Sets standards and maintains all procedures pursuant to On-Going Due Diligence
Maintains all support functions to include assignments, routine data validation, error corrections, metrics reporting, quality assurance and staffing assessments as well as setting clear production expectations and holding staff accountable to those goals
Conducts management review of completed work providing feedback to team members, as warranted/appropriate
Proactively identifies issues and works to develop solutions in conjunction with senior leadership that focus on both operational efficiency and risk mitigation
Responsible for maintaining team metrics as well as KRIs and KPIs and providing information to senior leadership as warranted and required
What are we looking for?
The ideal candidate will have a client-first customer service oriented mind-set from a financial background, with strong attention to detail, problem-solving skills, and excellent verbal and written abilities. Candidate will be able to contribute positively to a team-focused environment, driving both growth and innovation.
Requirements:
Bachelor's degree
5+ years of experience in financial crime in such activities as conducting suspicious activity alert reviews for money laundering or fraud, customer screening reviews, or testing controls related to money laundering or fraud
Previous experience as a people manager or functional team lead; providing mentorship, guidance, coaching and training to existing team members
Expert knowledge of relevant laws, regulations, and industry best practices related to AML compliance, such as the Bank Secrecy Act (BSA), USA PATRIOT Act, and Financial Action Task Force (FATF) recommendations
Strong analytic and problem-solving skills, attention to details, highly organized, and excellent communication skills (both written and oral)
Strong strategic thinking to understand how the work they do impacts the overall AML program and fits into the broader mission of the firm
Core Competencies:
Ability to identify risk issues related to financial crime, knowledge to provide guidance when warranted, and insight to appropriately escalate issues to others for further guidance
Ability to foster and develop relationships across the department and develop as a trusted advisor in their specific area of expertise and strong knowledge of LPL's business model and operational processes
Looks for opportunities to continually improve processes for efficiency without sacrificing quality
Fosters learning opportunities for team members in daily work; actively learns from mistakes with accountability
Preferences:
Certified Anti-Money Laundering Specialist (CAMs) Certification
Certified Fraud Examiner (CFE) Certification
FINRA License Series 7 or 24
#LPL-PA
Pay Range:
$79,688-$132,813/yearCompany Overview:
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace. LPL supports over 29,000 financial advisors and the wealth-management practices of 1,100 financial institution, servicing and custodying approximately $1.9 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses.
At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.
For further information about LPL, please visit www.lpl.com.
Join LPL Financial: Where Your Potential Meets Opportunity
At LPL Financial, we believe that everyone deserves objective financial guidance. As the nation’s leading independent broker-dealer, we offer an integrated platform of cutting-edge technology, brokerage, and investment advisor services.
Why LPL?
Innovative Environment: We foster creativity and growth, providing a supportive and responsive leadership team. Learn more about our leadership team here!
Limitless Career Potential: Your career at LPL has no limits, only amazing potential. Learn more about our careers here!
Unified Mission: We are one team on one mission—taking care of our advisors so they can take care of their clients. Learn more about our mission and values here!
Impactful Work: Our size is just right for you to make a real impact. Learn more here!
Commitment to Equality: We support workplace equality and embrace diverse perspectives and backgrounds. Learn more here!
Community Focus: We care for our communities and encourage our employees to do the same. Learn more here!
Benefits and Total Rewards: Our Total Rewards package goes beyond just compensation and insurance. It includes a mix of traditional and unique benefits, perks, and resources designed to enhance your life both at work and at home. Learn more here!
Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.
Information on Interviews:
LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card. Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at (855) 575-6947.
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