Manager, AML Ongoing Due Diligence Investigations

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/year

 

Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!

 

Company 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 flexibili