AML Compliance Officer – FINRA Broker-Dealer

Location: New York, NY (Hybrid)

Employment Type: Full-Time

Compensation: Competitive Package ABOUT THE OPPORTUNITY A New York City–based FinTech company, operating as a FINRA-member broker-dealer, is seeking an experienced and highly qualified Anti-Money Laundering (AML) Compliance Officer to oversee and administer all aspects of its AML compliance program. Preference will be given to candidates currently serving as an AML Compliance Officer at another FINRA-member broker-dealer, or who have previously held that position. The position requires comprehensive knowledge of U.S. securities regulations, anti-money laundering requirements, and regulatory compliance practices applicable to FINRA-member broker-dealers. The AML Compliance Officer will provide supervisory oversight of the firm's AML compliance framework, including transaction surveillance, customer onboarding, ongoing due diligence of customers, suspicious activity investigations, and regulatory reporting. The officer will also supervise and manage staff responsible for carrying out these compliance functions, ensuring that appropriate procedures, controls, and supervisory processes are consistently followed. The position is primarily responsible for ensuring that these processes are properly established, administered, supervised, and documented, rather than personally performing all underlying operational activities.

KEY RESPONSIBILITIES: AML Compliance Program Management Oversee and administer the firm's AML compliance program in accordance with the Bank Secrecy Act (BSA), USA PATRIOT Act, applicable FinCEN regulations, and FINRA Rule 3310.Oversee the development, implementation, maintenance, and periodic updating of AML policies, procedures, and internal controls. Supervise the firm's AML risk assessment processes, including the evaluation of customer relationships, securities transactions, products, services, and geographic exposure. Coordinate independent AML testing and oversee remediation of identified deficiencies. Monitor regulatory developments and oversee appropriate enhancements to the firm's AML compliance program. Staff Management and Supervision Supervise and oversee compliance personnel responsible for transaction surveillance, customer onboarding, customer due diligence, periodic account reviews, and other AML-related activities. Establish appropriate responsibilities, supervisory procedures, escalation protocols, and performance expectations for staff carrying out AML compliance functions. Ensure that compliance personnel receive appropriate training, guidance, and supervision and that assigned responsibilities are performed accurately, consistently, and in accordance with applicable regulatory requirements. Oversee staff workloads, review procedures, quality-control processes, and the timely resolution of identified compliance issues. Transaction Surveillance, Monitoring, and Investigations Provide supervisory oversight of the firm's AML transaction surveillance and monitoring processes, including securities trading activity, customer money movements, and securities transfers. Oversee procedures for monitoring securities purchases, sales, deposits, withdrawals, and transfers to identify potentially suspicious activity and financial crime risks. Supervise monitoring processes relating to customer money movements, including deposits, withdrawals, incoming and outgoing wire transfers, and other cash transactions. Oversee surveillance procedures relating to incoming and outgoing securities transfers, deliveries, receipts, and other securities movements. Ensure that appropriate surveillance procedures, exception reporting, investigation protocols, and escalation processes are established and consistently followed. Supervise the review and investigation of potentially suspicious activity, ensuring that identified exceptions and red flags are appropriately evaluated, documented, and escalated. Oversee the firm's Suspicious Activity Report (SAR) evaluation, approval, and filing processes, including appropriate supervisory review and timely regulatory submissions. Ensure appropriate documentation and recordkeeping of surveillance reviews, investigations, findings, and regulatory filings. Oversee the effectiveness and ongoing enhancement of automated AML transaction monitoring and surveillance systems. Customer Onboarding, Due Diligence, and Periodic Reviews Provide supervisory oversight of the firm's customer onboarding and account-opening processes to ensure compliance with applicable AML, Customer Identification Program (CIP), Know Your Customer (KYC), and Customer Due Diligence (CDD) requirements. Supervise staff and procedures responsible for customer identification, verification, risk classification, and due diligence conducted during account opening. Oversee the application of Enhanced Due Diligence (EDD) procedures for higher-risk customers and relationships. Ensure that applicable beneficial ownership identification and verification procedures are properly implemented and followed. Oversee the firm's ongoing customer due diligence and periodic customer review programs, ensuring that customer information, risk classifications, and account activity are reviewed and updated in accordance with established risk-based procedures. Supervise the periodic review process for higher-risk customer relationships, including the identification, escalation, and remediation of potential deficiencies. Ensure that appropriate procedures are maintained for evaluating customer account activity against established customer profiles and anticipated business activity. Provide oversight of applicable Office of Foreign Assets Control (OFAC) sanctions screening and compliance procedures. Monitor the effectiveness of customer onboarding, due diligence, and periodic review controls and oversee remediation of identified deficiencies. Regulatory Compliance and Examinations Oversee compliance with applicable FINRA, SEC, FinCEN, and other relevant regulatory requirements. Coordinate and supervise responses to AML-related regulatory examinations, inquiries, and information requests. Ensure that appropriate regulatory records and supporting documentation are maintained. Identify potential compliance deficiencies and oversee the implementation of appropriate corrective actions. Provide periodic AML compliance reports, risk assessments, and program updates to senior management. Training and Internal Coordination Oversee the development and administration of AML training programs for relevant personnel. Coordinate with compliance, operations, trading, and technology departments to ensure effective implementation and supervision of AML compliance procedures. Provide oversight of technology-based AML monitoring and compliance solutions. Promote adherence to established regulatory policies and internal compliance standards.

REQUIRED QUALIFICATIONS: Active FINRA Series 24 (General Securities Principal) registration. Minimum of five (5) years of professional experience at a FINRA-member broker-dealer. Strong knowledge of the Bank Secrecy Act, USA PATRIOT Act, FinCEN regulations, and FINRA Rule 3310.Demonstrated understanding of AML compliance programs, suspicious activity monitoring, regulatory reporting, and investigative procedures. Experience with, or a strong understanding of, supervisory oversight of transaction surveillance involving securities trading, customer money movements, and securities transfers. Familiarity with oversight of customer onboarding, CIP, KYC, CDD, EDD, and ongoing customer monitoring requirements. Strong understanding of broker-dealer operations, securities transactions, and regulatory compliance obligations. Demonstrated ability to supervise personnel, oversee compliance processes, and ensure effective execution of assigned responsibilities. Strong analytical, investigative, organizational, and problem-solving capabilities. Excellent written and verbal communication skills. Ability to exercise independent judgment and manage multiple regulatory responsibilities.

PREFERRED QUALIFICATIONS: Current or previous experience serving as the designated AML Compliance Officer at a FINRA-member broker-dealer, with a strong preference for candidates presently holding such a position. Demonstrated responsibility for the supervisory oversight and administration of a broker-dealer's AML compliance program. Direct experience supervising or overseeing securities transaction surveillance, customer money movements, securities transfers, customer onboarding, and periodic customer reviews. Experience managing and supervising AML compliance staff and coordinating the activities of personnel responsible for monitoring, investigations, and due diligence. Experience overseeing AML regulatory examinations, suspicious activity investigations, SAR filings, and regulatory reporting. Knowledge of equity trading, securities clearing and settlement, and trade surveillance. Familiarity with low-priced securities and associated financial crime risk indicators. Experience utilizing automated AML monitoring, surveillance, and regulatory reporting systems. Previous experience within a FinTech or technology-driven financial services organization. PROFESSIONAL ATTRIBUTES The ideal candidate will demonstrate a high degree of professionalism, regulatory expertise, sound judgment, leadership, and attention to detail. The position requires a proactive, supervisory approach to compliance oversight, the ability to exercise independent judgment, effectively manage and supervise compliance personnel, and collaborate with senior management and operational personnel.

APPLICATION PROCESS: Qualified candidates are invited to submit a résumé through LinkedIn detailing relevant broker-dealer experience, AML compliance responsibilities, supervisory and management experience, professional certifications, and FINRA registrations.