Sr Specialist, AML Enhanced Due Diligence (EDD)
Join to apply for the
Sr Specialist, AML Enhanced Due Diligence (EDD)
role at
Charles Schwab .
At Schwab, you’re empowered to make an impact on your career. Innovative thought meets creative problem solving, helping us challenge the status quo and transform the finance industry together.
The position is within the Financial Crimes Risk Management (FCRM) Department. FCRM assists across all Schwab enterprises in assessing BSA/AML/Sanctions/Fraud risks presented to our business units and is committed to complying with all laws and regulations governing the identification and reporting of suspected money laundering activities, as well as activities prohibited by OFAC laws and regulations.
We are offering the opportunity for a dynamic AML professional to join our team as an FCRM Senior Specialist. The core function is to perform risk‑based reviews, including investigating and researching source systems for possible money laundering attempts or other financial crimes and writing detailed client memorandums.
What You Will Do The Senior Specialist will work with a diverse team responsible for performing and executing the firm’s Enhanced Due Diligence process. The position will report to the Sr. Team Manager and is an individual contributor role.
Additional Responsibilities
Conduct periodic risk‑based investigative searches
Create risk memorandums and supporting documentation for each client
Work with third‑party sources and perform research to understand the nature and purpose of the client’s accounts and transactions
Manage a daily batch of alerts with monthly production goals
Identify and recommend solutions to issues impacting Risk and Controls
Build and manage relationships with internal and external business partners
Note:
This position is only open to the corporate office locations in Southlake, TX and Orlando, FL. Candidates must reside or be willing to relocate on their own to these areas. It will be a hybrid schedule of 4 days a week in office and 1 day from home.
Required Qualifications
1–2 years’ experience in Financial Services / Risk Management
Strong written, oral, and interpersonal communication skills
High level of attention to detail with the ability to solve problems
Analytical thinking
Strong ability to prioritize and maintain SLA while coordinating multiple processes
Experience in transaction analyses, utilizing research tools, and report writing
Solid understanding of various corporate structures and purposes behind such structures
Flexible and adaptable in handling change
Experience with MS Word, MS Excel, and SharePoint sites
Preferred Qualifications
AML, Enhanced Due Diligence, KYC and/or Brokerage experience
Professional AML related certifications
Knowledge of the laws and regulations applicable to money laundering, including the Bank Secrecy Act (BSA), the USA PATRIOT Act, Suspicious Activity Report (SAR) filing requirements, the Anti‑Money Laundering Act of 2020, and the CDD Final Rule
Bachelor’s degree preferred
Benefits
401(k) with company match and Employee Stock Purchase Plan
Paid time for vacation, volunteering, and a 28‑day sabbatical after every 5 years of service for eligible positions
Paid parental leave and family building benefits
Tuition reimbursement
Health, dental, and vision insurance
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Information Technology
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Sr Specialist, AML Enhanced Due Diligence (EDD)
role at
Charles Schwab .
At Schwab, you’re empowered to make an impact on your career. Innovative thought meets creative problem solving, helping us challenge the status quo and transform the finance industry together.
The position is within the Financial Crimes Risk Management (FCRM) Department. FCRM assists across all Schwab enterprises in assessing BSA/AML/Sanctions/Fraud risks presented to our business units and is committed to complying with all laws and regulations governing the identification and reporting of suspected money laundering activities, as well as activities prohibited by OFAC laws and regulations.
We are offering the opportunity for a dynamic AML professional to join our team as an FCRM Senior Specialist. The core function is to perform risk‑based reviews, including investigating and researching source systems for possible money laundering attempts or other financial crimes and writing detailed client memorandums.
What You Will Do The Senior Specialist will work with a diverse team responsible for performing and executing the firm’s Enhanced Due Diligence process. The position will report to the Sr. Team Manager and is an individual contributor role.
Additional Responsibilities
Conduct periodic risk‑based investigative searches
Create risk memorandums and supporting documentation for each client
Work with third‑party sources and perform research to understand the nature and purpose of the client’s accounts and transactions
Manage a daily batch of alerts with monthly production goals
Identify and recommend solutions to issues impacting Risk and Controls
Build and manage relationships with internal and external business partners
Note:
This position is only open to the corporate office locations in Southlake, TX and Orlando, FL. Candidates must reside or be willing to relocate on their own to these areas. It will be a hybrid schedule of 4 days a week in office and 1 day from home.
Required Qualifications
1–2 years’ experience in Financial Services / Risk Management
Strong written, oral, and interpersonal communication skills
High level of attention to detail with the ability to solve problems
Analytical thinking
Strong ability to prioritize and maintain SLA while coordinating multiple processes
Experience in transaction analyses, utilizing research tools, and report writing
Solid understanding of various corporate structures and purposes behind such structures
Flexible and adaptable in handling change
Experience with MS Word, MS Excel, and SharePoint sites
Preferred Qualifications
AML, Enhanced Due Diligence, KYC and/or Brokerage experience
Professional AML related certifications
Knowledge of the laws and regulations applicable to money laundering, including the Bank Secrecy Act (BSA), the USA PATRIOT Act, Suspicious Activity Report (SAR) filing requirements, the Anti‑Money Laundering Act of 2020, and the CDD Final Rule
Bachelor’s degree preferred
Benefits
401(k) with company match and Employee Stock Purchase Plan
Paid time for vacation, volunteering, and a 28‑day sabbatical after every 5 years of service for eligible positions
Paid parental leave and family building benefits
Tuition reimbursement
Health, dental, and vision insurance
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Information Technology
#J-18808-Ljbffr