Compliance Associate S7 & 24- Boca Raton/Miami, FL

REKruiting Advisors; Boca Raton, Miami (FL, FL); On-site; USD 90,000 - 130,000; Full time

Job summary

Rekruiting Advisors LLC is seeking an experienced AML/Compliance professional to oversee new customer onboarding, KYC supervision, and CIP processes for a broker-dealer environment in the United States. The role involves monitoring transactions, investigating unusual activity, and ensuring adherence to FINRA/SEC rules.

The candidate should have 5+ years of AML/compliance experience, English and Spanish fluency, and relevant Series licenses or a plan to obtain them within six months.

Qualifications

• 5+ years of AML/Compliance experience for a broker-dealer.
• Training in BSA/AML and OFAC Compliance or equivalent.
• Strong working knowledge of FINRA and SEC rules.
• Excellent written and spoken English and Spanish.
• Series 7, 66 and 24; 66 can be passed within six months of hire.
• Ability to work in a team as well as independently.
• Experience with Pershing platform.

Responsibilities

• Approve new customer accounts including KYC supervision and CIP.
• Approve outgoing money movements.
• Monitor securities and money transactions (incoming wires) and review in particular for third party transfers.
• Participate in investigations of unusual activities and file SARs with FinCEN.
• Participate in testing/monitoring/adjustment of policies and procedures for surveillance and monitoring tasks.
• Review alerts for AML issues and sales practices.
• Review electronic communications via Global Relay and Smarsh.
• Review outside brokerage accounts.
• Periodic review of high-risk and PEP accounts.
• Review advisory accounts to assess fees and portfolios.
• Review Reg BI explanations provided by sales personnel.
• Assist in Form ADV Updates, Form CRS, and other disclosures.
• Assist in annual training planning and follow-up.
• Assist in annual compliance questionnaires and disclosures from associates.
• Review outside business activities and regulatory changes; advise management.
• Monitor TRACE, CAT and CAIS reporting.
• Assist in other compliance needs and supervise outside business activity.
• Perform initial due diligence and approve registered personnel.

Skills

AML / Compliance

KYC supervision

CIP process

Regulatory knowledge

Communication skills

Teamwork

Education

Bachelor’s degree

Tools

Pershing platform

Job description

Responsibilities

• Skill level - advanced knowledge
• AML / Compliance
• Approve new customer accounts including KYC supervision and CIP process
• Approve outgoing money movements
• Conduct regular monitoring of securities and money transactions (incoming wires) and complete
• appropriate review in particular when dealing with third party transfers
• Participate in investigations of unusual activities and file SARs with FinCEN, when and if
• applicable
• Participate in regular, annual and ad-hoc testing/monitoring/and adjustment of policies,
• procedures, and processes for surveillance and monitoring tasks for the broker dealer and
• investment adviser
• Review of alerts generated to monitor sales practices and AML issues
• Review of electronic communications via Global Relay and Smarsh
• Review of outside brokerage accounts
• Periodic review of accounts categorized as high risk and PEP/ PEP related
• Review of advisory accounts to assess accuracy of fees and overall portfolio
• Review of Reg BI explanations provided by sales personnel when recommending an investment product/ strategy
• Assist in the review of marketing letter
• Assist in Form ADV Updates, Form CRS, and other disclosures
• Assist in the planning, implementation and follow up of annual training
• Assist in the review of annual compliance questionnaires and any disclosures collected from associates
• Review and ongoing review of outside business activities
• Stay abreast of changes in regulatory environment providing guidance and advice to
• management including RegBI
• Assess risks and proactively propose solutions
• Monitor firm’s TRACE, CAT and CAIS reporting
• Assist in various other compliance needs and tasks as necessary
• Supervise outside business activity
• Perform initial due diligence and approve registered personnel

Minimum Qualifications

• 5+ years of experience in AML / Compliance for a broker-dealer
• Training in BSA/AML and OFAC Compliance or equivalent
• Strong working knowledge of FINRA and SEC rules
• Strong oral and written communication skills
• Ability to work in a team as well as independently
• Expertise with financial products of a broker dealer
• Series 7, 66 and 24; can pass 66 within six months of hire
• Bachelor’s degree Fluency in English and Spanish
• Plus: Experience with Pershing platform