Senior Specialist, AML Enhanced Due Diligence (EDD)
Pay range: USD $28.70 - $43.27 / Hour
Your opportunity
At Schwab, you're empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us "challenge the status quo" and transform the finance industry together.
The position is within the Financial Crimes Risk Management (FCRM) Department. FCRM assists across all Schwab enterprises in the assessment of BSA/AML/Sanctions/Fraud risks presented to our business units, and is committed to complying with all laws and regulations governing the identification and reporting of suspected money laundering activities, as well as activities prohibited by OFAC laws and regulations.
We are currently offering the opportunity for a dynamic and engaging AML professional to join our team as an FCRM Senior Specialist. The core function of the position is to perform risk based reviews, which includes investigating and researching source systems for possible money laundering attempts or other financial crimes and writing detailed client memorandums.
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What you will do:
The Senior Specialist will work with a diverse team responsible for performing and executing the firm's Enhanced Due Diligence process. The position will report to the Sr. Team Manager and is an individual contributor role.
Additional responsibilities:
- Conduct periodic risk based investigative searches
- Create risk memorandums and supporting documentation for each client
- Work with third-party sources and perform research to understand the nature and purpose of the client's accounts and transactions
- Manage a daily batch of alerts with monthly production goals
- Identify and recommend solutions to issues impacting Risk and Controls
- Build and manage relationships with internal and external business partners
What you have
Required Qualifications
- 1 - 2 years' experience in Financial Services / Risk Management
- Strong written, oral, and interpersonal communication skills
- High level of attention to detail with the ability to solve problems
- Analytical thinking
- Strong ability to prioritize and maintain SLA while coordinating multiple processes
- Experience in transaction analyses, utilizing research tools, and report writing
- Solid understanding of various corporate structures and purposes behind such structures
- Flexible and adaptable in handling change
- Experience with MS Word, MS Excel, and SharePoint sites
Preferred Qualifications:
- AML, Enhanced Due Diligence, KYC and/or Brokerage experience
- Professional AML related certifications
- Knowledge of the laws and regulations applicable to money laundering, to include Bank Secrecy Act (BSA), the USA PATRIOT Act, Suspicious Activity Report (SAR) filing requirements., The Anti-Money Laundering Act of 2020 and the CDD Final Rule.
- Bachelor's degree preferred
What's in it for you
At Schwab, we're committed to empowering our employees' personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you'll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.
We offer a competitive benefits package that takes care of the whole you - both today and in the future:
- 401(k) with company match and Employee stock purchase plan
- Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
- Paid parental leave and family building benefits
- Tuition reimbursement
- Health, dental, and vision insurance
Perks and Benefits
Health and Wellness
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- FSA
- FSA With Employer Contribution
- HSA
- HSA With Employer Contribution
- Pet Insurance
- Mental Health Benefits
Parental Benefits
- Birth Parent or Maternity Leave
- Non-Birth Parent or Paternity Leave
- Fertility Benefits
- Adoption Assistance Program
- Family Support Resources
- Adoption Leave
Work Flexibility
- Hybrid Work Opportunities
Office Life and Perks
- Commuter Benefits Program
- Snacks
- Company Outings
- On-Site Cafeteria
- Holiday Events
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Personal/Sick Days
- Sabbatical
- Leave of Absence
- Volunteer Time Off
Financial and Retirement
- 401(K) With Company Matching
- Stock Purchase Program
- Performance Bonus
- Financial Counseling
Professional Development
- Tuition Reimbursement
- Promote From Within
- Shadowing Opportunities
- Access to Online Courses
- Internship Program
- Work Visa Sponsorship
- Leadership Training Program
- Associate or Rotational Training Program
Diversity and Inclusion
- Employee Resource Groups (ERG)
- Diversity, Equity, and Inclusion Program