Customer Due Diligence & Referral Management Senior Analyst – AML Compliance

Where Ambition Meets Innovation:

Build a career that matches all your initiative with an impressive dose of innovation. From cutting-edge resources and a collaborative environment to the freedom to make an impact and more, you’ll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals.

Job Overview:

The AML Compliance Customer Due Diligence & Referral Management Senior Analyst completes due diligence reviews on prospective customers to determine the nature and purpose of the customer relationship, completes Rapid Risk Assessments (RRA) and triages incoming referrals for assignment throughout the department.

Responsibilities:

• Conducts due diligence reviews on prospective customers to determine the nature and purpose of customer relationship and develop an understanding of the types of transactions in which a customer is likely to engage businesses, and other high other high-risk industries to determine if the alert is a match to a firm associated entity or individual.

• Upon completion of the review the team determines, the risk to the firm of onboarding the customer and provides a recommendation to on-board or not. As warranted, the team works directly with the AML Client Review Working Group to facilitate the prospect decline.

• Completes Rapid Risk Assessments for AML risks related to customers that might be considered towards a policy exception.

• Evaluates referrals to the department to determine the appropriate escalation point for resolution including, but not limited, to an investigation team for review or Advisory for consultation.

• Administer the Internal Watch List and responds to blocked customer referrals

• Assists management in the training of and providing guidance to more junior team members.    

What are we looking for?

We’re looking for strong collaborators and team players who thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.

Requirements:

• Bachelor’s Degree

• 3-5 years of experience in financial crime in such activities as conducting suspicious activity alert reviews for money laundering or fraud, customer screening reviews, or testing controls related to money laundering or fraud.

• Strong knowledge of AML laws, regulations, and industry best practices including, but not limited to the Bank Secrecy Act (BSA), USA PATRIOT Act, Financial Action Task Force (FATF) recommendations, and Office of Foreign Assets (OFAC) Regulations.

• Analytic and problem-solving skills, attention to details, highly organized, and excellent communication skills (both written and oral).

• Ability to identify risk issues related to financial crime, knowledge to provide guidance when warranted, and insight to appropriately escalate issue to others for further guidance.

• Strategic thinking to understand how the work they do impacts the overall AML program and fits into the broader mission of the firm.

• Ability to foster and develop relationships across the department and developing as a trusted advisor in their specific area of expertise and strong knowledge of LPL's business model and operational processes.

Preferences

• Certified Anti-Money Laundering Specialist (CAMs) Certification

• FINRA License Series SIE, 7 or 24

 

Pay Range:

$73,851.00 - $123,085.00

 

Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!

 

Company Overview:

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace(6) , LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.

For further information about LPL, please visit www.lpl.com.

Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.

Information on Interviews:

LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum.  During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card.  Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at (855) 575-6947.

EAC 5.19.26