Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management Investment Banking & Capital Markets and Multi Asset 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.
Our team is looking for a Vice President, AML Compliance Officer. The role is responsible for developing, implementing, administering, and maintaining all aspects of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Compliance Program. This position reports directly into the Chief Compliance Officer.
Responsibilities include but are not limited to:
• Coordinate and execute a dynamic AML Compliance Program in compliance with current industry best practices, regulatory guidance, and requirements. • Develop and administer the AML transaction monitoring systems to ensure appropriate parameters are in place to identify suspicious transactions and activity. • Develop an effective AML surveillance reporting program, including a program to identify and detect suspicious transactions. • Administer the AML training program for management and all associates, and provide detailed guidance on the AML program, as well as related firm-wide policies and procedures. • Establish an effective global sanctions monitoring program, including OFAC and other relevant jurisdictions. • Conduct periodic risk assessments, considering customers, products, services, members, and geographies that may present AML risks. • Provide strategic direction to the AML team, monitoring and analyzing trends, patterns, and external factors impacting the firms money laundering risk. • Respond to periodic examinations and audits by FINRA, SEC, and independent bodies. • Perform other tasks and duties as required and assigned.
Requirements:
• Bachelors Degree from an accredited university. • Advanced knowledge of AML and sanctions compliance rules and regulations in the banking and securities industry. • Experience as an AML Compliance Officer for a bank or large broker-dealer with a variety of businesses, including wealth management. • Proficient in Microsoft Office, Outlook, Word, Excel, PowerPoint. • 7 years of supervisory or management experience required. • ACAMS certification or equivalent required. • Series 724 licenses preferred. • Strong decision-making and investigative skills, analytical skills, problem-solving, and critical-thinking skills. • Highly organized and able to multi-task and manage multiple projects and competing priorities without sacrificing accuracy or efficiency. • Excellent communication and presentation skills, with the ability to communicate effectively across various departments and levels of the organization. • Executive-level business acumen in the areas of business operations, industry practices, and emerging trends. • Strong management and supervision skills.
As part of our overall compensation package, Wedbush Securities offers an array of diverse benefits to all our colleagues. We believe that providing competitive benefit options yields the advantageous reward of establishing a healthy and inclusive foundational work culture.
Comprehensive medical, dental, and vision coverage with multiple health plan options. Health Savings Account (HSA) with company-sponsored contributions. Flexible Spending Accounts (FSA) - traditional and dependent care. Pre-Tax Commuter Benefits. 401(k) Plan, competitive discretionary company matching, and profit-sharing contributions. Tuition reimbursement, up to $5,250 per year. Paid Vacation, Sick Time, Holidays, Volunteer Time Off, Paid Leave, Parental Bonding, Jury Duty, Military Disability, etc. FINRA and Professional License Sponsorship. Charitable Donation Matching Contributions. Travel & Employee Assistance and Employee Discount Programs. Discretionary compensation based on the colleagues and the firms performance.
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 hiring range is $175,000 to $225,000. Colleagues may be eligible for additional discretionary incentive compensation based on the colleagues and the firms performance. At Wedbush, 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.
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.
Wedbush uses E-Verify, an Internet-based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify, including your rights and responsibilities, here: https://www.e-verify.gov/employeese-verify-overview.
This position is subject to various laws or regulations that impose restrictions or prohibitions for employment with Wedbush due to criminal history. Those laws or regulations include but are not limited to the following:
• Securities Exchange Act of 1934, SEA Rule 17a-3 et seq. • Financial Industry Regulatory Authority (FINRA) Rules 3110e, Rule 4530a, etc. • FINRA Regulatory Notice 07-55.