Senior Specialist, AML High Risk Accounts

Job Description

Your Opportunity

The position is within the Financial Crimes Risk Management (FCRM) Department. FCRM assists across all Schwab enterprises in the assessment of BSA/AML/Sanctions/Fraud risks presented to our business divisions, and is committed to aligning with all laws and regulations governing the identification and reporting of suspected money laundering activities, as well as activities prohibited by OFAC laws and regulations.

We are currently offering the opportunity for a dynamic and engaging AML professional to join the team as an FCRM Senior Specialist. The core function of the position is to perform risk based reviews, which includes investigating and researching source systems for possible money laundering attempts or other financial crimes and writing detailed client memorandums.

What you’re good at

The Senior Specialist will work with a team with varied strengths responsible for performing and executing the firm’s Enhanced Due Diligence process. The position will report to the Sr. Team Manager and is an individual contributor role.

Additional responsibilities:

• Conduct annual risk based investigative searches
• Create risk memorandums and supporting documentation for each client
• Work with third-party sources and perform research to understand the nature and purpose of the client’s accounts and transactions
• Handle a daily batch of alerts
• Identify and recommend solutions to issues impacting Risk and Controls
• Build and manage relationships with internal and external business partners

What you have

• 1 - 2 years’ experience in Financial Services is preferred
• AML and/or Brokerage experience is preferred
• Strong written, oral, and interpersonal communication skills
• Ability to work in a fast-paced and deadline focused environment
• High level of attention to detail with the ability to tackle problems and think analytically
• Strong ability to prioritize, while coordinating multiple processes
• Experience in transaction analyses, utilizing research tools, and report writing
• Experience working with AML policies and applicable regulatory requirements
• Solid understanding of various corporate structures and purposes behind such structures
• Flexible and adaptable in handling change and understanding how that change will affect the team as well as internal business partners
• Experience with MS Word, MS Excel, and SharePoint sites
• Bachelor’s degree