Financial Crimes & Fraud Prevention Compliance- Compliance Consultant
The Financial Crimes & Fraud Prevention Compliance team sits within the Compliance & Ethics Department and is responsible for our fraud prevention, anti-money laundering and economic sanctions, anti-corruption, privacy and information security, and elder financial exploitation compliance strategies and programs.
Working as an integrated team of subject matter experts, Financial Crimes & Fraud Prevention Compliance aligns various compliance efforts to manage financial crimes and fraud compliance risk. The team is organized according to the risks it monitors (anti-money laundering and economic sanctions, privacy and information security, anti-corruption, elder financial exploitation and fraud), but integrating these various functions within the same team enables the Financial Crimes & Fraud Prevention Compliance team to effectively manage financial crime and fraud compliance risk across the organization. This is accomplished by greater and consistent coordination and communications with business lines and other control functions, development of an overall financial crimes and fraud risk assessment and risk appetite, data sharing and analytics across financial crimes and fraud prevention activities and efficient work flow and case management activities.
The long-term vision of the Financial Crimes & Fraud Prevention Compliance team is to develop a program that owns a portfolio of financial crimes and fraud-related compliance risks managed across common strategies, with shared resources, greater coordination within the team, and greater coordination, communication and consultation with our fellow Compliance & Ethics Department colleagues, control functions and business partners.
As part of the Financial Crimes & Fraud Prevention Compliance teams ongoing initiative to assess strategies, existing structure, activities and the technologies it utilizes, we have identified the need for an Anti-Money Laundering and Seniors and Vulnerable Adults Compliance Consultant.
We are seeking candidates who have compliance, legal, risk, or operations experience, or who have the passion, interest, and necessary skills to grow in this field. This position will report to the Head of Anti-Money Laundering, Economic Sanctions, and Seniors and Vulnerable Adults Compliance.
Specific responsibilities include:
Researching and monitoring Anti-Money Laundering and Customer Identification cases.
Reviewing and resolving various potential senior/vulnerable adult cases.
Formally investigating and analyzing risks associated with the processing of cash and cash equivalents for policy/contract/account activity associated with the Companys products and services.
Providing guidance and training to Home Office business units regarding various Company policies and procedures involving AML.
Assisting in responses to AML regulator and internal audit requests. Assisting in preparation and evaluation of external reviews and regulatory inquiries, including state and FINRA/SEC examinations.
Performing routine and ad-hoc surveillance activity for field and home office operations in response to regulatory requirements and as determined by management, drawing appropriate conclusions and developing solutions to bring issues to escalation/closure.
Monitoring applicable laws and regulations relating to Anti-Money Laundering as well as seniors and vulnerable adults.
Developing and monitoring seniors/vulnerable adults compliance risk assessments, metrics, business awareness and education needs.
Work with other business constituencies to address Compliance issues.
Core Competencies & Values:
Risk Awareness & Management - Identifies, assesses and mitigates compliance risk in order to support the organizations strategic goals. Provides the right advice, using the right approach, at the right time
Drives Change - Seeks out new opportunities, asks bold questions, and embraces new ideas and methods
Includes Others - Creates a welcoming environment that values peoples differences and contributions
Improves and Innovates - Understands how work impacts our business and constantly looks for ways to create a better customer experience
Develops People - Gives and receives feedback consistently and takes action to improve oneself and help others
Gets Things Done - Works collaboratively to move work forward and deliver on commitments
Focuses on the Customer - Understands our customers and put their needs first
Acts with Integrity - Is fair, honest and empathetic
Champions Diversity - Embraces and reflects diverse cultures, backgrounds, experiences and perspectives
FINRA Series 7 and 24 or ability to obtain within 6 months of hire.
Meaningful experience in a regulatory compliance, legal, risk, or related function, ideally within the insurance or Broker Dealer; or who have the passion, interest, and necessary skills to grow in this field.
Knowledge or experience with state, FINRA and other regulatory bodies regulations relating to seniors and vulnerable adults issues
Strong written and verbal communication skills with the ability to generate precise and thorough documentation. This is a critical competency due to investigations and reports prepared by team may be subject to careful review by regulatory authorities.
Must have the ability to maintain accuracy when under tight time constraints and be able to maintain a detail-orientated approach.
Strong analytical skills, with the ability to effectively identify and communicate and address the full range of potential compliance exposures.
Willingness to learn and ability to adapt to change driven by regulatory, industry, and business developments.
Ability to meet deadlines.
Exhibits strong work ethic.
Exhibits highest ethical standards.
Bachelors degree or higher.
Must be eligible to work in the United States without sponsorship now or in the future
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