Do you have a passion for researching and combating Money Laundering, Economic Sanctions and Fraud? Would you like to review Negative news and Politically Exposed Persons to identify and escalate suspicious activity? Are you detail oriented and work well in a high functioning faced paced environment?

Excited to learn more? If so, then this could be the role for you!

LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 23,000 financial advisors, 1,100 institution-based investment programs, and 500 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.

Job Overview:

The AML Compliance Due Diligence and Monitoring Team is looking for a driven and self-motivated individual to join the team.

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 want strong collaborators who can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement.

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.

• Ability to provide mentorship and guidance to more junior team members

• Strong knowledge of the brokerage and advisor industry.

• 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.

• Strong 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.

• Strong 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:

$71,700.00 - $119,500.00

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!

Why LPL?

At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation’s leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential.

We are one team on one mission. We take care of our advisors, so they can take care of their clients.

Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees. We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.

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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.