AML Compliance Analyst-CDD-CIP

Why Stifel

Stifel strives for a culture that puts its clients and associates first: a culture where everyone belongs, everyone is welcome, and everyone contributes to the success of our clients, their careers, and the firm as a whole.

Let’s talk about how you can find your place here at Stifel, where success meets success.

What You'll Be Doing

The AML Customer Due Diligence (CDD)/Customer Identification Program Analyst is responsible for a holistic review of high-risk clients from a risk-based approach. The Analyst conducts surveillance reviews to identify potential high-risk transactional activity, PEPs reviews, sanctioned individual Negative News/ Derogatory information reviews, potential OFAC match reviews, beneficial ownership reviews, MRB reviews, and new foreign account reviews. The AML-CIU CDD Analyst is also responsible for working with the Customer Identification Program (CIP) process to ensure the client's identity adequately satisfies CIP requirements.

What We're Looking For

• Per departmental processes and procedures, perform a holistic review of high-risk customers using customer risk scoring models.
• Perform transactional monitoring for possible money laundering and terrorist financing using automated AML software monitoring systems, reports, and other methods for high-risk clients.
• Effectively identifies, documents, and escalates suspicious activity to senior analysts for investigation for potential SAR reporting.
• Review and conduct adverse media searches, and based on the risk to the institution, suggest account restrictions and/or account closures.
• Assist in CDD reviews for PEPs, sanctioned individuals, Negative News/ Derogatory information potential OFAC matches, and MRB reviews.
• Review new account opening documentation for new entity accounts to ensure the beneficial ownership obligation is met.
• Per AML and other regulatory standards, perform background investigations to help prevent operational and reputational risk.
• Review CIP fail records to determine underlying CIP issues and work with branches to resolve the issue.
• Request appropriate account restrictions on CIP fails to minimize potential risk.
• Review and monitor open CIP fail records to ensure a resolution is obtained promptly.

What You'll Bring

• A general understanding of the financial industry, including operational and risk/control, financial markets, products, and the transaction life cycle.
• Working knowledge of Compliance analysis and reporting with the ability to identify and affect appropriate risk and control mechanisms.
• Excellent analytical, communication, and problem-solving skills.
• Detail-oriented, able to work independently and as part of a team, and comfortable working in a fast-paced, deadline-driven environment.
• Ability to identify and seek needed information/research skills.

Education & Experience

• Minimum Required: Bachelor's Degree in a related field or equivalent combination of education and experience.
• Minimum Required: 2+ years of experience in the financial industry, related experience, or an advanced degree in a related field.
• Experience in AML or related fields is preferred.

Licenses & Credentials

• Minimum Required: None.

Systems & Technology

• Proficient in Microsoft Excel, Word, PowerPoint, and Outlook.
• Proficient in AML software and Capital Markets surveillance.
• Experience with SQL Server.

About Stifel

Stifel is more than 130 years old and still thinking like a start-up.  We are a global wealth management and investment banking firm serious about innovation and fresh ideas.  Built on a simple premise of safeguarding our clients’ money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.

While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations.  Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more.  Let’s talk about how you can find your place here at Stifel, where success meets success.

At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.

Stifel is an Equal Opportunity Employer.