Job Description

DriveWealth is an API-driven global brokerage infrastructure platform powering both traditional and innovative investment experiences for more than 50 partners in over 150 countries. DriveWealth's mission is to reshape the world of retail investing by enabling banks, global brands, and Fin-techs to provide investment access and advice to underbanked and underserved customers that was previously only available to the wealthy.

We are pioneering embedded finance and fractional investing in US equities with a modern and award winning API-driven brokerage infrastructure. We've built a patent-pending technology to fractionalize US equities and were the first to receive a license to do so in 2015. DriveWealth makes it as easy to buy Starbucks stock as it is to buy a Starbucks latte.

DriveWealth has raised over $100M in Series C funding. The recent round was led by Point72 Ventures, LLC, a current investor, with participating investment from Raptor Group, SBI Holdings, Inc. and Route 66 Ventures, LLC. DriveWealth also welcomed two new investors — Mouro Capital and Fidelity International Strategic Ventures. The investment will strengthen our current technology stack, make strategic acquisitions, and grow the organization to scale its business.

The AML Team is responsible for ensuring the firm's adherence to the BSA (Bank Secrecy Act) by effectively demonstrating CIP, Customer Due Diligence and Ongoing Monitoring through the use of Transaction Monitoring and KYC platforms aimed to detect and deter Financial Crime risks

The AML Analyst will investigate and analyze potential anti-money laundering, fraudulent transactions, and potential OFAC screening matches. Findings will be properly documented, up to and including, filing Suspicious Activity Reports and escalating cases to the proper government enforcement authorities.

• Knowledgeable with broker dealer transactional activity 
• Efficiently Manage a caseload of investigations.
• Review and investigate Alerts generated by the system. Recognize and mitigate the risk and red flags
• Writing a comprehensive analysis of the account activity to support the disposition to close a case or escalate for further action.
• Document and report the investigation findings and prepare case files for review (e.g. media search results, PEP search, review and analysis wire data, results from internal system searches etc.)
• Conduct additional research/review of transactional history as necessary in determining the correct disposition for the Alerts and/or request additional information from the TM Investigator if gaps exist in the documentation or research submitted with their recommended disposition.
• Provide the final disposition of the Alerts and close or escalate to a case.
• Provide support in the development, design and implementation of changes to the monitoring rules.
• Monitor and escalate anomalies and areas of notable deficiencies in the transaction monitoring space 
• Assist BSA/AML Compliance Officer to ensure that the firm's BSA/AML procedures, manuals, and programs are kept current and relevant for Ongoing Monitoring
• Perform due diligence on new and existing accounts 
• Communicate effectively with internal and external partners.

Benefits

• 401k plan
• EquityStock Options
• Insurance – Health, Dental, Vision, Life, Legal. HSA and FSA options.
• Flexible working hours and work from home
• Paid time off and holidays
• Reimbursement for continuing education and conferences
• Snacks and beverages available in the office
• Pet-friendly workplace

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

TO ALL AGENCIES: Please, no phone calls or emails to any employee of DriveWealth outside of the Talent organization. DriveWealth's policy is to only accept resumes from agencies via Workable (ATS). Agencies must have a valid services agreement executed and must have been assigned by the Talent team to a specific requisition. Any resume submitted outside of this process will be deemed the sole property of DriveWealth. In the event a candidate submitted outside of this policy is hired, no fee or payment will be paid.