Address
Form of workSummary
The AML- Client Intelligence Unit (CIU) Enhanced Due Diligence (EDD) Analyst is responsible for a holistic review of high risk brokerage and banking clients from a risk-based approach. The EDD Analyst 1 conducts surveillance reviews to identify potential high risk transactional activity, PEPs reviews, sanctioned individual Negative News/ Derogatory information reviews, potential OFAC match reviews, beneficial ownership reviews, MRB reviews, new foreign account reviews, law enforcement/subpoena reviews, FinCEN 314(b) reviews, and internal/external escalation reviews.
Essential Duties & Responsibilities
- Perform a holistic transactional/trade review of high risk customers. Use customer risk scoring models in accordance with departmental processes and procedures
- Perform transactional monitoring for possible money laundering and terrorist financing using automated AML software monitoring systems, reports and other methods for high risk banking clients.
- Effectively identify, investigate, and document suspicious activity and use seasoned judgment to determine if a SAR needs to be filed.
- Review and conduct adverse media searches and suggest account restrictions and/or account closures based on risk to the institution.
- Review new account opening documentation for new entity high risk accounts to ensure the beneficial ownership obligations are met.
- Perform extensive background investigations using public and private databases in accordance with AML and other regulatory standards to help prevent operational and reputational risk.
- Write Suspicious Activity Reports (SAR) for the EDD team.
Qualifications
- Good understanding of AML BSA Compliance for CIP, KYC, CDD, EDD, and Transaction Monitoring
- Good understanding of the financial industry including operational and risk/control, financial markets, products, and an understanding of complex transaction life cycles.
- Ability to produce accurate work in a timely fashion while managing their time and priorities to ensure the meeting of deadlines.
- Working knowledge of brokerage and banking compliance analysis and reporting with the ability to identify and affect appropriate risk and control mechanisms.
- Strong logical communication skills with the ability to present information both verbally and electronically.
Education & Experience
- Bachelor’s Degree in related field or equivalent experience
- 1+ years’ related experience, 3-5 years of Financial Services Industry or AML experience
Systems & Technology
- Experience using Actimize AML Solutions is preferred
- Proficient in Microsoft Office including Outlook, Word, Excel and PowerPoint.
- AML software, Capital Markets surveillance and SQL Server
About Stifel
Stifel is a more than 130 years old and still thinking like a start-up. We are a global wealth management and investment banking firm serious about innovation and fresh ideas. Built on a simple premise of safeguarding our clients’ money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.
While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations. Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more. Let’s talk about how you can find your place here at Stifel, where success meets success.
At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.
Stifel is an Equal Opportunity Employer.
