FIU Enhanced Due Diligence Manager
FIU Enhanced Due Diligence Manager
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Job Description
Required Qualifications:
5 years of industry experience in insurance or broker dealer service operations compliance or audit with a focus on anti-money laundering fraud or other financial crime. - Proficient skills in Microsoft Office applications particularly Word and Excel.
Preferred Qualifications:
- Knowledge of life annuity brokerage and investment advisory products and operations
- Knowledge of Equitables products processes and controls of the organization activities
Demonstrated ability to influence others in a team environment - Highly analytical with a controls mindset
- Flexible and willing to respond to unanticipated issues and constantly reprioritize based on business demands
- Self-motivated with excellent time management skills
- Ability to work independently on a multitude of projects and ensure that both internal and external deadlines are met.
- Possess leadership skills and can successfully work alone and to maintain a team player attitude.
- Excellent written and verbal communication and presentation skills.
Skills
Accuracy and Attention to Detail: Understand the necessity and value of accuracy; ability to complete tasks with high levels of precision.
Data Gathering and Reporting: Knowledge of tools techniques and processes for gathering and reporting data; ability to practice them in a particular department or division of a company.
Data Integrity: Knowledge of objectives terminologies and approaches of data integrity; ability to ensure the accuracy and consistency of data in various business environments.
Document Management: Knowledge of document management; ability to categorize integrate update document and distribute business information in a secure effective way.
Effective Communications: Understanding of effective communication concepts tools and techniques; ability to effectively transmit receive and accurately interpret ideas information and needs through the application of appropriate communication behaviors.
Knowledge of Organization: Knowledge of the organizations vision structure culture philosophy operating principles values and code of ethics; ability to understand the value of aligning capabilities with business goals to support optimal performance.
ABOUT EQUITABLE
At Equitable were a team committed to helping our clients secure their financial well-being so that they can pursue long and fulfilling lives.
We turn challenges into opportunities by thinking working and leading differently where everyone is a leader. We encourage every employee to leverage their unique talents to become a force for good at Equitable and in their local communities.
We are continuously investing in our people by offering growth internal mobility comprehensive compensation and benefits to support overall well-being flexibility and a culture of collaboration and teamwork.
We are looking for talented dedicated purposeful people who want to make an impact. Join Equitable and pursue a career with purpose.
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Equitable is committed to providing equal employment opportunities to our employees applicants and candidates based on individual qualifications without regard to race color religion gender gender identity and expression age national origin mental or physical disabilities sexual orientation veteran status genetic information or any other class protected by federal state and local laws.
NOTE: Equitable participates in the E-Verify program.
If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position please contact Human Resources at or email us at .
At Equitable our power is in our people.
Were individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here youll work with dynamic individuals build your skills and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential
At Equitable we have reimagined how we want to work and are guided by principles of inclusivity flexibility and connection. Come join Equitables Financial Intelligence Unit and enjoy working for a leading financial company with an amazing and diverse culture! We offer a flexible hybrid office/remote work environment and this position is based in our Charlotte NC office.
The AML Enhanced Due Diligence Manager (EDD Manager) will support the maintenance and control design strategy of the Sanctions Anti-Money Laundering and Enhanced Due diligence programs and assessing risks associated with high-risk clients identified during onboarding and customer life cycle. This position will comply with all state and federal rules regulations and laws while utilizing sound judgment and the highest degree of confidentiality.
The individual must be an independent worker that is self-driven and be able to work collaboratively with the team and business partners.
Specific responsibilities include but are not limited to:
- Enhance and manage a risk identification strategy that continually identifies new business risks and lessons learned from applicable regulatory enforcements.
Execute AML and Sanctions annual risk assessment program including control inventory and risk typology mapping. Coordinate as needed with enterprise risk programs. Manage the companys customer screening process and procedures in place to detect high risk activities requiring enhanced due diligence. Conduct reviews of client documentation/information submitted by business units. - Responsible for collecting and analyzing documents related to account opening requirements in order to identify control persons and underlying beneficial owners; a good understanding of Corporate Formation Documents is needed.
- Execute high-risk customer refresh process and ongoing enhanced due diligence procedures.
Manage the Sanctions Program to ensure compliance with the US Treasury Departments Office of Foreign Asset Control (OFAC) laws including maintaining and revising screening process against various other governments sanctioned or restricted lists. - Assist with oversight of Equitable s investment business; including due diligence reviews conducted on borrowers for higher risk transactions collecting and validating quarterly sub certifications from asset managers and periodic reviews of loan representations to ensure sufficient AML/Sanctions compliance verbiage.
- Lead the maintenance of the FIU internal and New Business watch list comprised of known and current high-risk customers.
Support the Customer Risk Committee through review of Client Risk Scoring methodology Client Identification/KYC documentation and Know Your Country updates. Monitor review and report unusual client/ policy activity to lead investigator. Assist AML investigations with analysis as needed. Maintain policy of OFAC regulations to remain compliant with U.S. laws and ensure that issues are reported on in a timely manner. Work closely with FIU Tech team on any issues or new processes to be implemented with respect to the FCO Monitoring Programs. Assist with reviews of FinCen 314a and other screening regulatory required functions and processes start to finish including coordination responsibilities with business unit personal in performing this responsibility. Acts as a BSA AML and OFAC subject matter expert to identify process improvements: Identifying recommending and executing potential solutions that monitor detect or prevent sanctions violations money laundering or terrorist finance activity. - Respond to inquiries from internal business partners; and develops and presents content to various audiences.
Handle other duties as assigned to assist with the effective administration of the FIU Programs.
The base salary range for this position is $56000 - $70000. Actual base salaries vary based on skills experience and geographical location. In addition to base pay Equitable provides compensation to reward performance with base salary increases spot bonuses and short-term incentive compensation opportunities. Eligibility for these programs depends on level and functional area of responsibility.
For eligible employees Equitable provides a full range of benefits. This includes medical dental vision a 401(k) plan and paid time off. For detailed descriptions of these benefits please reference the link below.
Equitable Pay and Benefits: Equitable Total Rewards Program
Required Experience:
Manager
Employment Type
Full-Time
