Commonwealth Financial Network

  • Anti-Money Laundering Analyst

    Job Locations US-MA-Waltham
    Job ID
    W-2019-020
    # of Openings
    1
    Category
    Legal
    Type
    Full-Time
  • Overview

    Do you have financial services, investigations, brokerage, or banking operations experience under your belt, coupled with knowledge of anti-money laundering (AML) rules and regulations? We are looking for an AML analyst who is a strong communicator and problem solver with this experience and more to join our Legal team.

     

    As an AML analyst, you will be responsible for analyzing potentially suspicious activity. You will review reports and alerts, research customer information regarding accounts and activity suspected of being related to money laundering, keep current on Office of Foreign Assets Control issues. This role is crucial for ensuring compliance with the Bank Secrecy Act, AML regulations, and the USA PATRIOT Act.

     

    Key responsibilities 

    • Conducting periodic customer due diligence reviews
    • Compiling and assessing customer due diligence research and documentation
    • Analyzing and monitoring suspicious transactional activity to identify potential money laundering
    • Evaluating suspicious trading with or without money movement, including insider, pre-arranged, wash, and securities deposits/transfers
    • Analyzing large data sets and looking for patterns and trends
    • Drafting Suspicious Activity Reports (SARs)
    • Conducting other research projects and investigations; participating in special departmental projects as requested by the AML manager

    Core strengths 

    • Excellent interpersonal skills and ability to communicate effectively both verbally and in writing
    • Ability to handle highly confidential information professionally and with appropriate discretion
    • Comfortable working independently, as well as collaboratively, within a team environment
    • Ability to work well under pressure and demonstrate flexibility
    • Demonstrated initiative and creativity in problem solving 

    Additional skills and knowledge 

    • Bachelor’s degree required, as well as the FINRA Series 7 or CAMS designation
    • At least 2–4 years of relevant experience with BSA/AML regulations within the financial services industry or at a financial services regulator
    • Ability to analyze and interpret information critically and present findings
    • Proficient with Microsoft Office (including Word, Excel, and PowerPoint), database management systems, and internet research engines

    Have we piqued your curiosity? Can you see yourself thriving in this opportunity? Let’s introduce ourselves. 

     

    About Commonwealth—and Our Anything but Common® Culture 

     

    Commonwealth Financial Network® is the largest privately held Registered Investment Adviser–independent broker/dealer in the U.S., with offices in Waltham, Massachusetts, and San Diego, California. Since 1979, we’ve been delivering indispensable service to independent financial professionals so they, in turn, can put their clients first. Our technology, research, resources, and support—plus a variety of affiliation models—deliver what today’s independent advisors need to thrive. 

     

    That being said, we are a financial services company with a unique mission—one that encompasses purpose, vision, and core values in equal measure. Staying true to these guiding principles is the reason we are recognized so often and by so many for the quality of life we enjoy here. We believe it directly translates to a better experience for everyone: employees, advisors, clients, and our communities. 

     

    Creating a supportive culture where everyone can thrive is a mission we take seriously. From professional development to comprehensive benefits, grassroots leadership opportunities, generous bonus and stock option incentive plans, opportunities to unwind and connect, and so much more, Commonwealth is not just a great place to work—it’s a place that, for many, feels like home. 

     

    Commonwealth Financial Network® is an equal opportunity employer that is committed to a diverse workforce. 

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