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Company: Stifel
Location: Saint Louis, MO
Career Level: Associate
Industries: Banking, Insurance, Financial Services

Description

The AML- Client Intelligence Unit (CIU) Enhanced Due Diligence (EDD) Analyst holistically reviews high-risk brokerage and banking clients from a risk-based approach. The EDD Analyst conducts surveillance reviews to identify potential high-risk transactional activity, Politically Exposed Persons (PEPs) reviews, sanction reviews, individual Negative News/ Derogatory information reviews, potential Office of Foreign Control (OFAC) match reviews, beneficial ownership reviews, Marijuana Related Business (MRB) reviews, new foreign account reviews, law enforcement/subpoena reviews, FinCEN 314(b) reviews, and internal/external escalation reviews.



What We're Looking For

  • Perform a holistic transactional/trade review of high-risk customers. Use customer risk scoring models per departmental processes and procedures.
  • Perform transactional monitoring for possible money laundering and terrorist financing using automated AML software monitoring systems, reports, and other methods for high-risk clients.
  • Effectively identify, investigate, and document suspicious activity and use seasoned judgment to determine if a SAR should be filed.
  • Review and conduct adverse media searches and suggest account restrictions and/or account closures based on risk to the institution.
  • Review new account opening documentation for high-risk entity accounts to ensure the beneficial ownership obligations are met.
  • Perform extensive background investigations using public and private databases per AML and other regulatory standards to help prevent operational and reputational risk.
  • Write Suspicious Activity Reports (SAR) for the EDD team.


What You'll Bring

  • Understanding of AML BSA Compliance for CIP, KYC, CDD, EDD, and Transaction Monitoring.
  • Understanding of the financial industry, including operational and risk/control, financial markets, products, and an understanding of complex transaction life cycles.
  • Ability to produce accurate work in a timely fashion while managing their time and priorities to ensure meeting deadlines.
  • Working knowledge of brokerage and banking compliance analysis and reporting with the ability to identify and affect appropriate risk and control mechanisms.
  • Strong logical communication skills with the ability to verbally and electronically present information.


Education & Experience

  • Minimum Required: Bachelor's Degree in a related field or equivalent combination of education and experience.
  • Minimum Required: 2+ years of experience in the financial industry, related experience, or an advanced degree in a related field.
  • Experience in AML or related fields is preferred.


Systems & Technology

  • Proficient with Microsoft 365 (Outlook, Word, Excel, and PowerPoint).
  • Familiarity with AML software and SQL Server.
  • Familiarity with Actimize AML Solutions.


About Stifel

Stifel is more than 130 years old and still thinking like a start-up.  We are a global wealth management and investment banking firm serious about innovation and fresh ideas.  Built on a simple premise of safeguarding our clients' money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.

 

While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations.  Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more.  Let's talk about how you can find your place here at Stifel, where success meets success.

 

At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.

 

Stifel is an Equal Opportunity Employer.


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