We are currently seeking a Manager within AML Surveillance for the Financial Intelligence Unit (FIU), which is a part of LPL’s Governance, Risk & Compliance (GRC) organization.
The Transaction Monitoring Team Manager is responsible for assisting with the management of a large team of compliance professionals whose primary responsibilities include identification of patterns of potentially suspicious transactional activity, escalating as appropriate, and overseeing the alert closure process when warranted.
This position will report into the Head of the FIU Transaction Monitoring Team requiring strong leadership, prioritization skills and a willingness to tackle new and difficult challenges. The candidate will be expected to interact with senior FIU management. This position requires the individual to exercise sound judgment and to observe the highest degree of confidentiality in the handling of information received in the course of discharging responsibilities.
• Provide feedback, instruction, guidance and direction to a large staff of compliance professionals reviewing alerts from the FIU transactional monitoring system.
• Ensure direct reports are proactively developing and implementing standards, processes, methodologies, metrics and internal controls to support organizational objectives and mitigate exposure.
• Execute strategies and holds direct reports accountable for mitigating exposure by escalating activity to other areas where appropriate.
• Ensure staff is well trained and knowledgeable by developing and providing training on relevant topics.
• Identify policy and procedural enhancements based on business challenges and BSA, AML, Government Sanctions, including OFAC requirements.
• Enhance management reports, metrics' reports and operational reports to include Key Risk Indicators, Key Performance Indicators, trends and analysis.
• Support the development and/or enhancements affecting systems utilized for alert analysis.
• Present reports to senior management and other key stakeholders.
• Ensure proper process controls are continually identified and implemented to mitigate operational risk.
• Serve as a subject matter expert (SME) for the department as well as on a variety of projects related to new products and services.
• Keep abreast of important and relevant AML issues, laws and regulations that impact the business. Identifies trends and opportunities to further improve the company's AML compliance program.
• Conduct continuous analysis to ensure senior management understands AML trends and news in order to help mitigate risks.
• Perform other duties as assigned.
• Bachelor’s degree and/or equivalent experience.
• Professional certification (i.e., ACAMS) strongly preferred.
• At least 3-5 years broker-dealer experience preferred.
• 2-4 years of experience in a BSA/AML/OFAC compliance department preferred.
• Previous supervisory experience.
• Ability to prioritize and handle multiple activities simultaneously in a fast-paced and dynamic financial services environment.
• Strong subject matter knowledge of compliance risks and issues for a financial institution in BSA/AML/OFAC regulations.
• In-depth knowledge and understanding of BSA/AML/OFAC compliance practices and methodologies, including risk assessment, monitoring/surveillance, testing activities and project management.
• Mantas, Actimize or other prevalent transaction monitoring experience preferred.
• Working knowledge of anti-money laundering laws and rule, regulatory expectations, and industry best practices.
• Demonstrated experience making independent critical fact-based decisions while understanding the appropriate escalation points.
• Strong judgement and excellent written and oral communication skills with the ability to present information in differing degrees of details and form depending on the audience.
• Prior experience supporting strategic improvements and delivering measurable change.
• Comfortable working with all levels of management.
• Strong analytical skills, problem solving, good critical thinking and decision making skills.
• Strong attention to detail and quality assurance.
LPL Financial, the nation’s largest independent broker/dealer since 1996* and the fourth largest broker/dealer overall, serves as an enabling partner to more than 14,000 independent financial advisors and approximately 700 financial institutions. Since its formation decades ago, LPL has focused on one primary mission -- enabling independent financial advisors to bring objective and un-biased financial advice to millions of Americans.
Headquartered in Boston, San Diego, and Fort Mill, and powered by more than 3,300 client-centric employees, LPL is financially strong and growing.
If you join LPL, you will join a culture that believes in delivering a world-class client experience and looks to all employees to contribute to that goal by sharing their creativity, experience, and passion for continuous improvement. As a destination of choice, our top priorities are growth and development, social responsibility, and financial health for our employees.
We offer competitive compensation and industry leading benefits, including a wellness facility with onsite fitness classes, healthy meal choices, and a walk-in clinic. We support employee financial health through a 401k match, ESPP, and employee discounts. Work/life balance is our foundation and is supported through paid holidays, and paid time off (including time to volunteer). We foster a diverse work environment through Employee Resource Groups and diverse strategic partnerships.
Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please login or create an account to apply to this position. Principals only. EOE
*As reported by Financial Planning magazine, June 1996-2017, based on total revenue.