Sr. Specialist, AML Investigations

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.

Money laundering is the criminal practice of filtering illegally obtained funds through one or more financial transactions so that the funds or assets are “cleaned” to look like proceeds from legal activities. It can also involve people using legally obtained funds for illicit purposes, such as terrorist

financing. The position is on the Anti Money Laundering (AML) Investigations team, which investigates suspicious activity potentially related to money laundering, as well as suspicious trading activity such as market manipulation and insider trading.

AML is part of the Financial Crimes Risk Management (FCRM) and Corporate Risk Management organizations. 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 be the best in class in the detection and mitigation of financial crime threats to protect our clients and the Firm.

We are currently offering the opportunity for a dynamic, self-motivated and engaged AML professional to join our team as an AML Investigations Senior Specialist. The AML Investigations Senior Specialist will investigate complex suspicious activity cases from receipt of the initial referral through the filing of Suspicious Activity Reports (SARs). The AML Investigations Senior Specialist will analyze transactional data and resolve investigation cases by researching internal client systems and other sources for possible money laundering activity or other financial crimes against CS&Co and Charles Schwab Bank.

What you’re good at:

The AML Investigations Senior Specialist is expected to conduct thorough and proactive investigations with the goal of developing cases to successful and timely conclusions. This will include:

• Perform all of the core functions of an AML Investigator, which includes: review of escalated cases for 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
• Summarize, in writing and verbally, investigation notes and conclusions/recommendations
• Deliver presentations to Sr. Leadership on outcomes of investigations
• Responsible for cases 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.
• Manage workload to ensure that all cases are decisioned within the service level agreement,  Work collaboratively with internal partners, other financial institutions, law enforcement authorities, and regulatory bodies to investigate suspicious activity
• Participate in projects related to operational improvement and efficiency initiatives for the AML Investigations 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

• A bachelor’s degree or equivalent work experience in the brokerage, bank, and/or

AML Compliance industries

•Knowledge of AML/BSA policies, regulatory requirements, AML red

flags, and trends within the brokerage and bank industries

Preferred Qualifications

• AML Investigations experience

• Strong understanding of various brokerage and/or banking products

• Strong decision making and organizational skills

• Strong analytical skills and demonstrated initiative and creativity in problem solving

• Ability to work well under pressure, demonstrate flexibility, and stay motivated and

positive in a repetitive and fast paced work environment

• Excellent PC skills including experience with spreadsheets and database

management systems

• Strong written and verbal communications skills

• FINRA Series 7 or other securities licensing

• Certified Anti-Money Laundering Specialist (CAMS) or Certified Financial Crime

Specialist (CFCS) certification (Preferred)

• Familiarity with securities trading strategies and illegal trading typologies (insider

trading, market manipulation)

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