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Wealth Enhancement · 2 days ago

Anti-Money Laundering Associate (Remote Work Option)

United States

Full-time

Remote

Entry Level

$65K/yr - $75K/yr

2+ years exp

Wealth Enhancement is an independent wealth management firm dedicated to enriching the lives of clients through personalized financial planning. They are seeking an Anti-Money Laundering Associate who will act as a subject matter expert in AML regulations, assist with compliance obligations, and work to strengthen AML controls while mitigating financial crime risk.

Financial ServicesRisk ManagementWealth Management

Responsibilities

Ensure compliance with regulatory requirements under the Bank Secrecy Act (BSA), USA PATRIOT Act, FINRA Rule 3310, and other applicable laws impacting the firm

Coordinate AML activities across the organization to identify areas for program improvement, assist with issue resolution, and implement policies and procedures to mitigate financial crime risk

As new AML-related rules are passed and existing rules evolve, work with partners to research, interpret, and develop recommendations regarding their impact on the firm’s broker-dealer platforms

Demonstrate AI literacy by evaluating, adopting, and optimizing artificial intelligence tools to strengthen AML controls, improve transaction monitoring, and support regulatory compliance. Stay informed on AI-driven advancements relevant to financial crime detection and compliance processes

Coordinate regulatory training materials related to AML compliance for employees and registered representatives

Maintain a thorough and up-to-date understanding of AML regulations through ongoing education

Collaborate and consult with stakeholders to make recommendations on documentation and information necessary to achieve AML compliance goals

Assist with development, testing, and oversight of AML-related controls for trading and operational platforms

Apply AI literacy to assess, recommend, and document AML workflows, automate routine compliance tasks, and enhance data analysis capabilities. Provide guidance to team members on responsible and effective use of AI tools

Contribute to AML risk assessments and customer risk rating processes

Develop, analyze, and recommend policy and procedure changes based on business line reviews

Facilitate periodic reviews of AML processes with content owners to ensure execution aligns with policy

Support compliance operations related to trade surveillance, sanctions screening, and suspicious activity investigations

Assist in compliance department functions as needed

Identify opportunities to improve efficiency in AML workflows

Document and maintain standard operating procedures (SOPs)

Collaborate with compliance leadership to implement best practices and technology solutions

Proactively identify emerging risks and adjust priorities as needed

Generate reports on AML status and timelines

Track metrics related to turnaround times and error rates for continuous improvement

Qualification

AML complianceBSA regulationsFINRA Rule 3310AI literacyMicrosoft Office SuiteFINRA Series 7FINRA Series 66Verbal communicationWritten communicationIndependent work skills

Required

2+ years' experience in financial services compliance, or related

Experience with AML/BSA programs

Experience and understanding of 314A process

Understanding of SAR reporting requirements

Superior verbal and written communication skills

Proficient with Microsoft Office Suite or related software

Independent work-skills with ability to prioritize competing projects and deadlines

Self-starting, proactive person who demonstrates initiative, ownership, and leadership

Drive, enthusiasm, and strong work ethic

Ability to influence and interface with all levels of employees and leaders at WEG

Preferred

FINRA Series 7 & 66 preferred

Benefits

Training and professional development

Medical, dental and vision coverage (Available to full-time employees and their families)

Health Savings Account (HSA) with employer contribution and Flexible Spending Accounts (FSA) for medical, dependent, and transit expenses

Life and AD&D insurance – employer paid and voluntary options

Short-term and long-term disability, workers compensation – employer paid

401k with match and profit sharing

Wellness programs and resources

Voluntary benefits, including pet insurance

18 days of paid time off (PTO), accrued annually (25 PTO days after 4 years of service)

12 paid holidays each year (10 pre-determined and 2 floating days)

Paid parental leave and paid caregiver leave (Caregiver leave available after 6 months of tenure)

Reimbursement for tuition, licensing, and other credentials (Available after meeting service requirements)

Company

Wealth Enhancement

In 1997, four advisors sharing an office space discovered they also shared an essential belief: The financial services industry needed a new and better way to provide advice to clients—one that would help relieve stress from their clients’ financial lives.

Founded in 1997

Plymouth, Minnesota, USA

1001-5000 employees