BBVA Global Wealth Advisors · 1 week ago
Anti-Money Laundering EDD & Monitoring Senior Associate
Miami, FL
Full-time
Onsite
Senior Level
5+ years expBBVA Global Wealth Advisors is an SEC-registered investment adviser seeking a motivated and detail-oriented AML EDD & Monitoring Senior Associate to join their growing Compliance Team. This role is responsible for executing and enhancing the Regulatory Compliance Program, focusing on Anti-Money Laundering and financial crime prevention, while ensuring strict adherence to applicable laws and regulations.
AdviceFinancial ServicesWealth Management
Hiring Manager
SALLY TORO
Responsibilities
Conduct initial and ongoing Enhanced Due Diligence (EDD) reviews in higher-risk clients, including PEPs, foreign clients, complex ownership structures, source of wealth verification, and adverse media, documenting conclusions in a clear, concise, and factual manner
Assess customer risk profiles determined by the firm’s risk-based methodology and maintain accurate, up-to-date risk ratings
Identify potential risks, escalate concerns, and propose effective operational improvements to help ensure that operation controls are in place for all key processes and that any control weaknesses are appropriately addressed and escalated
Performing periodic, risk-based reviews of client accounts across all client risk tiers, ensuring ongoing compliance with AML & KYC standards. This includes verifying client information, updating beneficial ownership details, and re-assessing client risk profiles in accordance with firm policy
Revalidate client information, transactional behavior, and adverse findings, and take actions accordingly, as dictated by AML Policies and Procedures
Document conclusions in a clear, concise, and factual manner
Analyzing transactional data for unusual patterns, red flags, and suspicious activities that may indicate money laundering, terrorist financing, or other financial crimes
Collaborate with operation and commercial teams to understand the transactional context and escalate matter when appropriate
Conduct timely investigations into potentially suspicious behavior, gather supporting documentation, and prepare well-supported recommendations to escalate activity, as needed
Manage the internal list name screening process, playing a key role in quality assurance and ensuring the process effectiveness
Oversee the accuracy, completeness, and regular updates of internal watchlists, including lists of high-risk individuals, entities, and jurisdictions. Collaborating with various departments to ensure timely inclusion or removal of names
Work with internal and external stakeholders to ensure system accuracy and proper calibration to reduce false positives and maintain industry standards
Assist in the drafting, review, and transposition of Compliance policies, procedures, and controls to ensure they are current, comprehensive, and effectively mitigate identified risks
Translate applicable regulatory requirements into actionable internal guidance
Support internal and external audits, regulatory examinations, and remediation plans, as applicable
Participate in and lead various special projects aimed at enhancing our AML Compliance program, such as system implementations, new product risk assessments, training initiatives, and internal audit responses
Responding promptly and accurately to various ad hoc requests from internal stakeholders (e.g., front office, operations, legal) and external parties (e.g., auditors, regulators) related to Compliance as required by business needs
Administer the systems used by the GWA Compliance program, especially those used for AML
Assist with the GWA AML Compliance and general Compliance testing program, ensuring compliance with SEC regulations, GWA internal policies, and Holding level requirements
Develop and deliver targeted training as required by the Compliance team initiatives
Qualification
Required
5+ years of experience at a financial institution (BD or RIA preferable)
Direct, hands-on experience with EDD, KYC, and transaction monitoring
Strong Familiarity of U.S. regulations, including the Bank Secrecy Act (BSA), USA PATRIOT Act, and OFAC sanctions programs
Proven ability to conduct thorough investigations, analyze complex data, and make well-reasoned decisions under pressure
Strong analytical skills with an ability to identify trends, patterns, and anomalies
Exceptional written and verbal communication skills, with the ability to articulate complex risk concepts clearly and concisely to diverse audiences
High degree of attention to detail and accuracy in all work
Ability to manage multiple priorities effectively and meet deadlines in a dynamic environment
A strong ethical compass and commitment to upholding the highest standards of compliance
Proficient in collaboration platforms like Google Workspace and Office 365
Preferred
Certified Anti-Money Laundering Specialist (CAMS) certification is a preferred (or willingness to obtain within 12 months)
Bilingual - Fluency in both English and Spanish (verbal and written)
Company
BBVA Global Wealth Advisors
BBVA Global Wealth Advisors offers wealth management and investment advisory services.
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase