Job Description Summary

Monitor and analyze the organization's risk exposure, and contribute to the development of risk policies. Analyze existing processes, procedures and systems and advise on improvements.

Job Description

Job Summary:

Under limited supervision, uses specialized knowledge and skills in securities and/or banking industry compliance obtained through experience, specialized training and/or certification to implement Customer Identification Program (“CIP”) requirements in compliance with AML rules and regulations. Leads projects of moderate scope and complexity and serves as a technical advisor to various business lines. Resolves or recommends solutions to complex problems. Extensive contact with internal customers is required to identify, research and resolve problems.

Essential Duties and Responsibilities:

• Manage customer onboarding verification process, including documentation collection and validation, to ensure compliance with AML rules and regulations.

• Review existing and prospective client accounts for potential matches to designated sanctions targets and prohibited persons lists.

• Investigate potential negative media alerts to identify whether a true match to a prospective or existing client and escalate, as appropriate to Management.

• Conduct Enhanced Due Diligence for various business lines on all high risk accounts opened and/or subject to Management approval.

• Perform client due diligence reviews utilizing internal and third-party research tools.

• Prepare and lead AML trainings of targeted divisions within the Firm.

• Abide by policies and procedures to ensure compliance with regulations related to money laundering included in the US PATRIOT Act.

• Mentor colleagues/peers on internal AML policies, rules and regulations.

• Inform senior management about issues that may involve rule violations or potential liability.

• Maintain currency in laws and regulations pertaining to anti-money laundering compliance.

• Perform other duties and responsibilities as assigned.

Knowledge, Skills, and Abilities:

Knowledge of:

• Customer Due Diligence, Enhanced Due Diligence and other KYC policies and procedures

• Concepts, practices and procedures of securities industry and/or banking compliance reviews.

• Rules and regulations of the US PATRIOT Act.

• Fundamental investment concepts, practices and procedures used in the securities industry.

• Principles of banking and finance and securities industry operations.

• Financial markets and products.

Skill in:

• Administering anti-money laundering policies and procedures.

• Planning and scheduling work to meet regulatory organizational and regulatory requirements.

• Identifying and applying appropriate compliance monitoring procedures and tests.

Ability to:

• Interpret and apply anti-money laundering regulations and identify and recommend compliance changes as appropriate.

• Work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities.

• Communicate effectively, both orally and in writing.

• Independently research and resolve issues while working across teams to acquire information.

• Provide a high level of customer service.

• Establish and maintain effective professional working relationships at all levels of the organization.

• Handle highly confidential information professionally and with appropriate discretion.

• Maintain currency in anti-money laundering rules and regulations and compliance examination techniques and best practices.

Educational/Previous Experience Requirements:

• Bachelor’s Degree from a four-year college or university in a related field and one (1) to three (3) years of experience in AML customer onboarding and investigatory experience.

~or~

• Any equivalent combination of education, training and/or experience approved by Human Resources.

Licenses/Certifications:

• CAMS preferred or ability to obtain.

Education

Bachelor’s: Business Administration

Work Experience

General Experience - 3 to 6 years

Certifications

Travel

Less than 25%

Workstyle

Hybrid

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

We expect our associates at all levels to:
• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

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