Financial Intelligence Unit, Enhanced Due Diligence Specialist

At Equitable, our power is in our people.

We're individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you'll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential?

The Equitable Law Department's Mission is to Serve as Equitable's trusted counsel empowering Equitable to pursue its noble purpose by upholding the highest standards, forging collaborative relationships and delivering creative solutions.

At Equitable we have reimagined how we want to work and are guided by principles of inclusivity, flexibility, and connection. Come join Equitable's Financial Intelligence Unit and enjoy working for a leading financial company with an amazing and diverse culture! We offer a flexible hybrid office/remote work environment, and this position is based in our Charlotte, NC office.

The AML Enhanced Due Diligence Specialist ("AML EDD Specialist") is responsible for assessing the AML and reputational risk associated with higher risk client types as escalated through the first line operations and business units during onboarding and supports customer due diligence processes.

Specific responsibilities include, but are not limited to:

• Assist with reviews of FinCen 314a and other screening regulatory required functions and processes start to finish, including coordination responsibilities with business unit personal in performing this responsibility.
• Supports the company's customer screening process and procedures in place to detect high risk activities requiring enhanced due diligence.
• Assist in the enhancement and review of Client Risk Scoring, Client Identification and KYC documentation oversight requirements. Conduct reviews of client documentation/information submitted by business units; A good understanding of Corporate Formation Documents is needed.
• Responsible for collecting and analyzing documents related to account opening requirements in order to identify control persons and underlying beneficial owners.
• Enhance and manage a risk identification strategy that continually identifies new business risks and lessons learned from applicable regulatory enforcements.
• Monitor, review, and report unusual client/ policy activity to lead investigator. Assist AML investigations with analysis as needed.
• Perform research and provide guidance to inquiries from employees, business managers, internal and external auditors by providing information and guidance in a timely manner.
• Handle other duties as assigned to assist with the effective administration of the AML and KYC Policies.

The base salary range for this position is $46,000 - $55,000. Actual base salaries vary based on skills, experience, and geographical location. In addition to base pay, Equitable provides compensation to reward performance with base salary increases, spot bonuses, and short-term incentive compensation opportunities. Eligibility for these programs depends on level and functional area of responsibility.

For eligible employees, Equitable provides a full range of benefits. This includes medical, dental, vision, a 401(k) plan, and paid time off. For detailed descriptions of these benefits, please reference the link below.

Equitable Pay and Benefits: Equitable Total Rewards Program
Preferred Qualifications:

• 2 year industry experience of service center, broker dealer and compliance with a focus on anti-money laundering and fraud
• Knowledge of life, annuity, brokerage and investment advisory products and operations
• Knowledge of Equitable's products, processes and controls of the organization activities
• Demonstrated ability to influence others in a team environment
• Highly analytical with a controls mindset
• Flexible and willing to respond to unanticipated issues and constantly reprioritize based on business demands
• Self-motivated with time management skills
• Proficient skills in Microsoft Office applications, particularly Word and Excel.

Skills:

Data Gathering and Reporting: Knowledge of tools, techniques and processes for gathering and reporting data; ability to practice them in a particular department or division of a company.

Data Integrity: Knowledge of objectives, terminologies, and approaches of data integrity; ability to ensure the accuracy and consistency of data in various business environments.

Document Management: Knowledge of document management; ability to categorize, integrate, update, document and distribute b