Senior Specialist AML Surveillance & FAST

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. Please note: This position is M-F during standard business hours with a hybrid work model (4 days in-office, 1 day working from home). It is only available in the areas listed. Candidate must reside or be willing to relocate on their own to one of the listed areas. Applicants must be currently authorized to work in the United States on a full-time basis without employer sponsorship.

The Anti-Money Laundering Surveillance (AMLS) Team plays a critical role within the Financial Crimes Risk Management (FCRM) and Corporate Risk Management organizations (CRM). FCRM assists across all Schwab enterprises in the assessment of BSA/AML/Sanctions, Fraud, and Conduct risk presented to our business units. FCRM is committed to complying with all laws and regulations governing the identification and reporting of suspected money laundering and financial crime activities. Our vision is to be the industry leader in innovative financial crimes risk management practices, using talent, technology and training to advance excellence in detecting and mitigating Financial Crimes Risk.

AMLS is responsible for analyzing transaction monitoring alerts for possible money laundering attempts or other financial crimes, and escalating activity for further review as determined by the AMLS Analyst. Within AMLS, a portion of Surveillance Analysts are part of the FAST (Flex AML Surveillance and Triage) Team. FAST is a specialized team setup to cross-train on additional verticals outside of AMLS and provide support to partner FCRM Teams based on elevated volumes or other business needs.

We are currently offering the opportunity for a dynamic, motivated and engaged AML professional to join our Team as an AML Surveillance & FAST Senior Specialist. This position will work primarily within AML Surveillance, and may cross-train and rotate job responsibilities at various points between AML Surveillance and Investigations, Conduct Risk, Digital Asset Surveillance and Investigations, Enhanced Due Diligence, Global Sanctions, Senior Vulnerable Investigations, or Special Risk if a business need for FAST support arises.

What you’re good at:

The AML Surveillance & FAST Senior Specialist role is a job rotation position which requires flexibility and a passion for learning the various functions of our overall FCRM Program. You will be expected to effectively manage workloads and assigned responsibilities within AML Surveillance and FCRM Partner Teams, while demonstrating Schwab and FCRM’s core values of Teamwork, Effective Communication, Trust, and Stewardship.

When focusing on AML Surveillance work, primary responsibilities will include:

• Conduct thorough and timely reviews of alerted activity with the goal of identifying and escalating potentially suspicious activity
• Conduct research using Schwab platforms, third party systems, and open-source media
• Maintain knowledge of AML red flags, industry trends, and current events
• Conduct reviews across a variety of subject matters, including trading-related analysis, international activity, third-party money movement, and rapid funds movement
• Meet individual proficiency targets and service level agreements with minimal supervision
• Make independent decisions regarding AML Surveillance alert handling and workload
• Participate in projects related to operational improvement and efficiency initiatives
• Assist with alert remediations and ad-hoc specialized reviews

When on rotation with an FCRM Partner Team, responsibilities will depend on the business and triage needs of that team, and may include:

• AML Investigations: Investigate suspect client behavior and transactional activity involving retail or advised accounts, based on referrals from incident reports, escalated surveillance alerts, and inquiries from law enforcement and regulatory agencies; file Suspicious Activity Reports (SARs) as necessary
• Conduct Risk: Perform data analysis for reporting, as well as operational support for Conduct Risk Management functions
• Digital Asset Surveillance and Investigations: Investigate suspect client behavior and activity related to cryptocurrency transactions and transfers; file SARs as necessary
• Enhanced Due Diligence: Review clients and entities that pose heightened risk based on AML risk scoring
• Global Sanctions: Review and decision alerts of potential OFAC or sanctions list matches
• Senior & Vulnerable Surveillance / Investigations: Operational support on investigations of potential financial exploitation of senior or vulnerable clients
• Special Risk: Perform screening and assess the risk of politically exposed persons, negative or adverse media, 314(a) inquiries, and prohibited businesses

What you have

Required Qualifications:

• At least 3+ years of professional experience working in AML, financial crimes risk management, or compliance within the financial services industry
• Strong working knowledge of BSA/AML policies, red flags, and regulatory requirements
• Strong understanding of various brokerage and banking products
• Expertise conducting financial investigations and demonstrating risk-based judgment, problem solving skills and strong analytical ability
• Strong decision making and organizational skills
• Ability to work well under pressure, and demonstrate flexibility and positivity in a repetitive and fast-paced work environment
• Demonstrated ability to work independently and with minimal supervision on day-to-day operations and management of individual workload
• Collaborate with team members and internal business partners on projects or escalated risks as needed
• Excellent PC and technology skills with ability to learn and navigate numerous database and case management systems
• Excellent written and verbal communication skills

 Preferred Qualifications: 

• Certified Anti-Money Laundering Specialist (CAMS), Certified Financial Crime Specialist (CFCS), or Certified Fraud Examiner (CFE) a plus
• FINRA Securities licenses (SIE / Series 7) a plus
• Experience with emerging platforms and technology in crypto and automation/AI a plus
• BS/BA degree preferred