Location: Saint Petersburg, Florida, United States
Job Description Summary
The AML/FCM Senior Analyst is responsible for conducting end-to-end investigations to monitor transactional activity and ensure adherence to regulatory expectations across one or more lines of business, leveraging specialized knowledge of securities and/or banking products developed through experience, training, and/or certification.
In addition, this role involves leading projects of moderate scope and complexity, resolving or recommending solutions to complex issues, and collaborating with internal stakeholders, Financial Advisors, branch personnel, and external partners to identify, research, and resolve potential concerns.
Key Responsibilities
Conduct routine to complex investigations of potentially suspicious activity identified through transaction monitoring surveillance, branch escalations, regulatory inquiries, or referrals from Compliance, Legal, Risk, or other business units.
Analyze client background information, securities transactions, and fund movements to identify potential money laundering, terrorist financing, or other financial crimes.
Utilize internal systems and external research tools, including negative news screening, to analyze activity and determine whether escalation is warranted.
Submit 314(b) requests and Requests for Information (RFIs) to branches, as needed.
Prepare detailed, accurate, and timely Suspicious Activity Reports (SARs) for submission to regulators and/or law enforcement when suspicious activity is identified.
Perform continuing activity reviews and identify/report any ongoing suspicious activity.
Communicate the findings and outcomes of complex investigations to senior leadership (AML Officers) through clear, well-written narratives, including risk analysis and supporting evidence, to support risk-based retention or termination decisions; ensure follow-through on account closures for terminated relationships.
Administer AML policies and procedures in alignment with regulatory requirements, including the USA PATRIOT Act.
Monitor regulatory developments and industry trends and support their integration into the firm’s AML program.
Train and mentor team members on AML policies, procedures, and regulatory requirements.
Deliver presentations during team and departmental meetings.
Perform other duties as assigned.
Job description provided by Raymond James Financial.
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