Assistant Vice President, Aml Compliance

Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth management, Capital Markets, Futures and Advanced Clearing and Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.

The Assistant Vice President, AML Compliance is responsible for assisting in the implementation and administration of all aspects of the AML compliance program working under the guidance of the AML Compliance Officer. This role can be hybrid or remote and reports directly into the CCO.

Responsibilities include, but are not limited to:

• Assist in the coordination and execution of the AML Compliance Program in compliance with current industry best practices, regulatory guidance, and requirements
• Assist in developing the requirements for the Firm's KYC processes and work with the AMLCO to update the AML Program and other onboarding policies/forms as necessary
• Perform QA processes on the various lines of business onboarding practices and document/track the closeout of any remediation
• Contribute to the design and administration of the AML training program for management and all associates; take the lead in producing the training decks with oversight from the AMLCO
• Assist in periodic risk assessment rollout with considerations to customers, products, services, members, and geographies that may present AML risks to the enterprise
• Assist and maintain the orderly record-keeping and filing of documents, spreadsheets, tracking items and other compliance-related material in the AML Shared folder
• Assist in the preparation of any AML-related presentations
• Take a lead role in compiling items for any independent audits and/or gap analysis
• Manage FinCEN filings including 314(a) requests from law enforcement agencies, and 314(b) requests from participating financial institutions, as warranted
• Prepare responses to third-party AML due diligence requests for the AMLCO
• Provide guidance to associates on AML and sanctions compliance risks and procedures; review exception reports related to sanctioned countries and high risk jurisdictions
• Update AML written communications and distribute to the Firm-at-large, including quick guides, high risk country alerts
• Prepare a monthly regulatory update for the AMLCO and AML team
• File regulatory filings including the annual FBAR filing
• Serve as a back up to other AML colleagues for transaction monitoring for BETA and P3 systems
• Serve as a point person for line of business personnel performing KYC functions and onboarding accounts
• Actively participate in and contribute to weekly, virtual team trainings and engagement points as a stakeholder with a focus on sharing best practices, support, and constant improvement.
• Perform other duties as required and assigned by the Chief Compliance Officer and/or AML Compliance Officer

• Bachelor's Degree from an accredited university
• 7+ years of AML Compliance experience 
• 1-3 years of Supervisory/Management experience 
• Active CAMS license required
• Comprehensive knowledge of AML compliance rules and regulations in the securities industry
• Strong investigative skills, including familiarity with public records research and database tools.
• Demonstrate transaction analysis skills that apply across numerous financial products, business lines and services
• Highly organized and able to multi-task and manage multiple projects and competing priorities without sacrificing accuracy or efficiency
• Excellent verbal and written communication skills
• Strong analytical, problem-solving, and critical thinking skills
• Proficient in Microsoft Office (Outlook, Word, Excel, PowerPoint)

What Wedbush Offers You

Wedbush Securities offers robust benefits to our colleagues:

• Comprehensive medical, dental, and vision coverage with multiple health plan options for you and your family
• Health Savings Account with company-sponsored contributions
• Flexible Spending Accounts (FSA) traditional and dependent care
• Paid Parental Leave (12 Weeks)
• 401(k) plan with discretionary, competitive company matching and profit-sharing contributions
• Tuition reimbursement up to $5,250/year
• 3 weeks of Paid Time Off
• 2 weeks of Paid Sick Time (may vary by location)
• 10 Paid Holidays
• Charitable Donation Matching Contributions
• Paid Leave (Military, Jury Duty, Volunteer Time Off, Disability, etc.)
• FINRA License Sponsorship
• Travel & Employee Assistance and Employee Discount Programs

The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. A reasonable estimate of the current range is $105,000 - $110,000. Colleagues may be eligible for additional, discretionary incentive compensation based on the individual and the firm's performance. At Wedbush, it is not typical for an individual to be hired at, or near, the top of the range for their role. Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs.

Wedbush Securities (WS) is proud to be an Equal Employment Opportunity employer. WS does not discriminate based on race, religion, color, creed, sex, sexual orientation, gender, gender identity or expression, national origin, ancestry, citizenship status, registered domestic partner status, uniform service member status, marital status, pregnancy, age, medical condition, disability, genetic information, family care or medical leave status, or any other consideration made unlawful by applicable federal, state, or local laws, or on the basis that an applicant or Colleague is perceived to have these characteristics or is associated with someone who is perceived to have these characteristics. WS aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm as well as provided equal opportunities to succeed.