What are the responsibilities and job description for the AML (Anti-Money Laundering) Risk Associate position at Siebert Financial?
Benefits:
The AML (Anti-Money Laundering) Risk Associate is responsible for executing risk-relevant activities in accordance with the Firm’s AML protocols. This role focuses on assessing Bank Secrecy Act (BSA), money laundering, and reputational risks, with accountability for escalating identified issues. The Associate will also support ad-hoc initiatives, including remediation lookbacks, root cause analysis, and the implementation of solutions to enhance AML risk management processes.
Key Responsibilities
The ideal candidate is passionate about simplifying complex financial concepts and making them accessible to internal and external stakeholders. They are proactive, detail-oriented, and self-motivated, with a strong sense of ownership over their work. This individual thrives in a fast-paced, evolving environment and maintains a calm, solutions-oriented approach under pressure. They are committed to delivering premium service experience and understand the importance of building long-term relationships over purely transactional interactions. The candidate is also collaborative, adaptable, and values clear, effective communication across teams and functions.
- 401(k)
- 401(k) matching
- Bonus based on performance
- Health insurance
- Opportunity for advancement
- Paid time off
The AML (Anti-Money Laundering) Risk Associate is responsible for executing risk-relevant activities in accordance with the Firm’s AML protocols. This role focuses on assessing Bank Secrecy Act (BSA), money laundering, and reputational risks, with accountability for escalating identified issues. The Associate will also support ad-hoc initiatives, including remediation lookbacks, root cause analysis, and the implementation of solutions to enhance AML risk management processes.
Key Responsibilities
- Conduct enhanced due diligence (EDD) reviews on higher-risk customers by analyzing documents and information.
- Provide key support for remediation projects aimed at reducing money laundering and reputational risks.
- Develop end-to-end knowledge of AML review operations and offer subject matter expertise to project teams.
- Deliver timely feedback to stakeholders on operational gaps and risk issues.
- Collaborate with Global Financial Crimes, Compliance, and Business Units to identify, assess, control, and remediate AML-related risks.
- Ensure processes align with internal policies and contribute to the development of AML reporting for senior stakeholders.
- Engage proactively with Financial Advisors, Complex Management, and Risk Officers to manage client relationships and pipeline.
- Partner with Global Financial Crimes to ensure the AML program meets regulatory standards and expectations.
- Bachelor’s degree in Business, Finance, or a related field.
- 3–5 years of experience in BSA/AML regulations within the financial services industry or at a regulatory body (e.g., FINRA, OCC, SEC, Federal Reserve).
- Strong knowledge of Know Your Customer (KYC), Customer Identification Program (CIP), and Customer Due Diligence (CDD) requirements.
- Excellent verbal and written communication skills.
- Ability to manage sensitive information with discretion and professionalism.
- Strong organizational and time management skills, capable of working independently and collaboratively under tight deadlines.
- Comfortable operating in a high-volume, fast-paced environment.
- Previous experience in ad-hoc project work such as AML remediation initiatives, lookbacks, or root cause analysis.
- Familiarity with AML monitoring tools, reporting, or policy development.
- Demonstrated ability to collaborate across multiple business units and compliance functions.
The ideal candidate is passionate about simplifying complex financial concepts and making them accessible to internal and external stakeholders. They are proactive, detail-oriented, and self-motivated, with a strong sense of ownership over their work. This individual thrives in a fast-paced, evolving environment and maintains a calm, solutions-oriented approach under pressure. They are committed to delivering premium service experience and understand the importance of building long-term relationships over purely transactional interactions. The candidate is also collaborative, adaptable, and values clear, effective communication across teams and functions.