Compliance Associate

Job Description

Wealthfront is seeking a talented, passionate, and experienced compliance professional to support the Financial Intelligence Unit (FIU). This individual will report directly to the Head of the Financial Crimes Compliance Team, work closely with other members of the Legal and Compliance division, and collaborate with other departments across the firm including Fraud Operations, Product Support, and Engineering.

Responsibilities:

• Conduct in-depth investigations that include thorough reviews of transactional activity, internal KYC records, and open source research and file Suspicious Activity Reports (SARs) in accordance with regulatory reporting requirements
• Maintain accurate metrics for FIU investigations and SAR filings to ensure stakeholders are well-informed in decision-making processes
• Leverage expertise to assist in the identification of unusual financial activity indicating potential money laundering, terrorist financing, and fraud
• Conduct deep-dives into account and transaction activity to identify and expand upon existing Fraud and Anti-Money Laundering (AML) typologies
• Support the Company’s suspicious activity detection, transaction monitoring, and reporting programs and drive enhancements to the program, including updates to related controls and accompanying policies and procedures
• Maintain awareness of and provide thought leadership for impending regulatory changes

Expertise:

• Deep, wide, and practical understanding of money laundering typologies and related red flags
• Experience conducting investigations related to subpoenas and requests under Section 314(a) and 314(b) of the USA PATRIOT Act
• Adept at conducting investigations, filing SARs, and managing a large caseload with minimal guidance
• Excellent analytical and organizational skills, able to set and meet deadlines in a fast-paced environment
• Strong working knowledge of BSA/AML, FINRA, MSRB, and SEC regulations
• Experience leading cross-functional projects, including collaboration with engineering teams
• Strong verbal and written communication skills, including formal writing and presenting to senior leadership
• Intellectually curious, and interested in applying technology to enhance business processes
• Broad analytical skills, with experience identifying and quantifying problems while providing creative, effective solutions
• Product experience including mutual funds, money market funds, ETFs, margin products and 529 plans, preferred
• Experience with or general understanding of broader financial services including investment advisory and banking is a plus

Required:

• BA/BS degree (Required)
• 4+ years direct experience conducting Anti-Money Laundering (AML), Sanctions or Follow-the-Money related analysis and/or investigations
• Willingness to obtain applicable registrations and/or licenses as necessary

Preferred:

• CAMS certification
• Certified Fraud Examiner certification
• Experience at a Broker-Dealer, including FINRA Series 7 and 24 registrations

Estimated annual salary range: $110,000-144,000 USD plus equity. Benefits include medical, vision, dental, 401K plan, generous time off, parental leave, wellness reimbursements, professional development, employee investing discount, and more! About Wealthfront Wealthfront started with the ambition to transform the investment advisory business, with the goal to unlock access to high quality investment advice for millions who were underserved by the traditional institutions. We built one of the first automated investment products that allows you to invest in a personalized portfolio of thousands of companies in seconds for a remarkably low fee. We then expanded. We now work with partner banks to offer exceptional banking features through a Wealthfront Brokerage Cash Account, which makes it remarkably easy for people to automate their finances end-to-end and eliminated the hassle of money management, all of which resulted in attracting more than $50 billion of our client’s hard earned money, pioneering the robo-advisor category and transforming the broader industry. And yet, we have a long way to go to achieve our mission to build a financial system that favors people, not institutions. Wealthfront’s vision is to make it delightfully easy to build long-term wealth on your own terms. This vision is more relevant than ever because millions more people are getting into the market early and investing their hard earned savings in a handful of stocks. While this is a great way to start, it is inconsistent with building long-term wealth. We want to empower young investors to expand their horizon, and easily explore and execute on a wider range of investing strategies, make informed investment decisions that are consistent with their values and beliefs while also making it effortless to grow and compound their savings exponentially in a way that’s transformational to their lives and their long-term future. For more information please visit www.wealthfront.com . We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. Please review our candidate privacy notice . Apply for this job