Vice President, AML Compliance Officer

Job Description

Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Investment Banking & Capital Markets, and Multi Asset Clearing and Prime services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.

The Vice President, AML Compliance Officer is responsible for developing, implementing, administering, and maintaining all aspects of the BSA/AML Compliance Program. This position reports directly into the Chief Compliance Officer.

Responsibilities Include, But Are Not Limited To

• Coordinate and execute a dynamic AML Compliance Program in compliance with current industry best practices, regulatory guidance and requirements
• Develop and administer the AML transaction monitoring systems to ensure appropriate parameters are in place to identify suspicious transactions and activity
• Develop an effective AML surveillance reporting program including a program to identify and detect suspicious transactions
• Administer the AML training program for management and all associates and provide detailed guidance on the AML program as well as related firm-wide policies and procedures
• Establish an effective global sanctions monitoring program including OFAC and other relevant jurisdictions
• Conduct periodic risk assessments with considerations to customers, products, services, members and geographies that may present AML risks
• Provide strategic direction to the AML team that monitor and analyze trends, patterns, and external factors impacting firm’s money laundering risk
• Respond to periodic examinations/audits by FINRA, SEC and independent
• Perform other tasks and duties as required and assigned
  
  

Experience And Skills

• Bachelor's Degree from an accredited university
• Advanced knowledge of AML and sanctions compliance rules and regulations in the banking and securities industry
• Experience as an AML Compliance Officer for a bank or large broker dealer with a variety of businesses including wealth management
• Proficient in Microsoft Office (Outlook, Word, Excel, PowerPoint)
• 7+ years of supervisory or management experience required
• ACAMS certification or equivalent required
• Series 7/24 licenses preferred
• Strong decision making and investigative skills, analytical skills as well as problem-solving, and critical-thinking skills
• Highly organized and able to multi-task and manage multiple projects and competing priorities without sacrificing accuracy or efficiency
• Excellent communication and presentation skills with the ability to communicate effectively across various departments and levels of the organization
• Executive-level business acumen in the areas of business operations, industry practices and emerging trends
• Strong management and supervision skills
  
  

What We Offer

As part of our overall compensation package, Wedbush Securities offers an array of diverse benefits to all our colleagues. We believe that providing competitive benefit options yields the advantageous reward of establishing a healthy and inclusive foundational work culture.

• Comprehensive medical, dental, and vision coverage with multiple health plan options
• Health Savings Account (HSA) with company-sponsored contributions
• Flexible Spending Accounts (FSA) traditional and dependent care
• Pre-Tax Commuter Benefits
• 401(k) Plan: competitive discretionary company matching and profit-sharing contributions
• Tuition reimbursement ($5,250 max per year)
• Paid Vacation, Sick Time, Holidays, Volunteer Time Off
• Paid Leave: Parental Bonding, Jury Duty, Military, Disability, etc.
• FINRA and Professional License Sponsorship
• Charitable Donation Matching Contributions
• Travel & Employee Assistance and Employee Discount Programs
• Discretionary compensation based on the colleague's and the firm's performance
  
  

The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. A reasonable estimate of the current hiring range is $175,000 to $225,000. Colleagues may be eligible for additional, discretionary incentive compensation based on the colleague's and the firm's performance. At Wedbush, decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors, including but not limited to skill sets, experience and training, licensure and certifications, and other business and organizational needs.

Wedbush Securities (WS) is proud to be an Equal Employment Opportunity employer. WS does not discriminate based on race, religion, color, creed, sex, sexual orientation, gender, gender identity or expression, national origin, ancestry, citizenship status, registered domestic partner status, uniform service member status, marital status, pregnancy, age, medical condition, disability, genetic information, family care or medical leave status, or any other consideration made unlawful by applicable federal, state, or local laws, or on the basis that an applicant or Colleague is perceived to have these characteristics or is associated with someone who is perceived to have these characteristics. WS aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm as well as provided equal opportunities to succeed.

Wedbush uses E-Verify, an Internet-based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify, including your rights and responsibilities here https://www.e-verify.gov/employees/e-verify-overview

This position is subject to various laws or regulations that impose restrictions or prohibitions for employment with Wedbush due to criminal history. Those laws or regulations include but are not limited to, the following: Securities Exchange Act of 1934 (SEA) Rule 17a-3, et. seq., Financial Industry Regulatory Authority (FINRA) Rules 3110(e), Rule 4530(a), etc., and FINRA Regulatory Notice 07-55.