Sr. Specialist, Anti-Money Laundering Surveillance

Your Opportunity

At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together.

We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified location.

Financial Crimes Risk Management (FCRM) is part of Corporate Risk Management and is comprised of Fraud Risk Management; the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), and Sanctions Program; Conduct Risk Management; FCRM Shared Services; and Crime Prevention Technology & Analytics. FCRM assists across all Schwab enterprises in the assessment of Fraud, BSA/AML/Sanctions, and Conduct risk 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. FCRM’s vision is to execute a best-in-class financial crimes risk management program focusing on the detection and mitigation of financial crimes risk to protect our clients and the firm.

The AML Surveillance (AMLS) team is the group within FCRM responsible for reviewing transaction monitoring alerts for potentially suspicious activity related to money laundering and/or other financial crimes.

We are currently offering the opportunity for a dynamic, self-motivated and engaged AML professional to join our team as an AML Surveillance Senior Specialist. The AML Surveillance Senior Specialist will analyze and resolve transaction monitoring alerts through researching Client Central, Web CSR, and other source systems for possible money laundering attempts or other financial crimes, against CS&Co. and Charles Schwab Bank. 

WHAT YOU’LL DO

The AML Surveillance Senior Specialist is expected to conduct thorough reviews of alerted activity with the goal of identifying and escalating potentially suspicious activity with timely conclusions. This will include:

• Perform all core functions of the AML Surveillance Specialist, which includes review of alerts for potentially suspicious activity; research using Schwab systems, third party systems, and open-source media; maintain knowledge of AML red flags and industry trends; and demonstrate proficiency in meeting individual proficiency targets
• Responsible for reviews across a variety of subject matter. This may include involvement in basic trading-related analysis, international activity, third-party money movement, rapid movement of funds, etc.
• Conduct demonstrations of the AML Surveillance processes and systems for internal business partners, internal testing and auditing teams, and external regulators
• Make independent decisions regarding AML Surveillance alert handling and workload
• Participate in projects related to operational improvement and efficiency initiatives for the AML Surveillance team
• Demonstrate Schwab core values within the Financial Crimes Risk Management department

What you have

To ensure that we have fulfilled our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.

Required Qualifications:

• Minimum of 12 months AML-related experience or 5+ years Schwab experience
• A bachelor’s degree or equivalent work experience in the brokerage, bank, and/or AML Compliance industries
• In-depth knowledge of AML/BSA policies and regulatory requirements, transaction monitoring concepts, AML red flags and financial crime typologies

Preferred Qualifications:

• Strong understanding of various brokerage and/or banking products
• Strong analytical skills and demonstrated initiative and creativity in problem solving
• Strong critical thinking, decision-making, and organizational skills.
• Ability to work well under pressure, demonstrate flexibility, and stay motivated and positive in a repetitive and fast paced work environment
• Strong proficiency with Microsoft Office applications, data analysis tools, and case management systems
• Demonstrated ability to efficiently navigate and analyze data across multiple systems, databases, and research tools.
• Strong written and verbal communications skills
• FINRA Series 7 licensing
• Certified Anti-Money Laundering Specialist (CAMS), Certified Financial Crime Specialist (CFCS), or Certified Fraud Examiner (CFE)

In addition to the salary range, this role is also eligible for bonus or incentive opportunities