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Equitable is currently looking to hire an Investigator within the Financial Crime Office (FCO), which is a part of Equitable's Legal and Compliance organization. The FCO Investigator is responsible to promote and ensure that the Business operates in accordance with all legal and regulatory requirements. Additionally, monitors all Firm standards relating to Anti-Money Laundering (AML), Sanctions and Anti-Bribery/Corruption, so as to protect and enhance the reputation of the Firm with its regulators and avoid significant financial loss or reputational damage.
The FCO Investigator is responsible for critical components of the enterprise AML program with significant focus on enhanced customer due diligence, activity monitoring & technology strategies. Conduct AML investigations by participating in all aspects of the investigative process. This includes analytical and technical review of documentation and information; detailed correspondence with all individuals who may assist in furtherance of investigation; interview of clients; agents and other parties who may provide information.
This position will comply with all state and federal rules, regulations and laws while utilizing sound judgment and the highest degree of confidentiality. Must partner with local, state and federal law enforcement to file cases and pursue perpetrators on behalf of the firm. The FCO Investigator must manage a case load in a fast paced team of Financial Crime investigators responsible for investigating and filing SARs regarding money laundering investigations, and other financial crimes. Must possess experience in conducting thorough research on higher risk customers, and using systems and databases for investigative purposes with the ability to review high risk client activity and identify unusual patterns. Previous experience covering Broker Dealer business in an AML capacity is needed.
Job Responsibilities include:
Responsible for performing complex investigations related to suspected criminal activity. Retain case documentation and provide analysis of findings in written format.
Research, analyze and investigate unusual client/ policy activity or potential market manipulation schemes, penny stock manipulation scenarios, elder financial exploitation, and other investment product risks that could be indicative of money laundering
Investigate suspicious activity involving suspected money laundering or structuring of financial transactions to avoid government reporting requirements.
Support the company's customer screening process and procedures in place to detect high risk activities requiring enhanced due diligence.
Assist in the enhancement and review of Client Risk Scoring, Client Identification and KYC documentation oversight requirements. Conduct reviews of client documentation/information submitted by business units; A good understanding of Corporate Formation Documents is needed.
Responsible for collecting and analyzing documents related to account opening requirements in order to identify control persons and underlying beneficial owners.
Enhance and manage a risk identification strategy that continually identifies new business risks and lessons learned from applicable regulatory enforcements.
Conduct interviews of a highly sensitive nature with customers, advisors and employees to determine facts and obtain statements.
Collaboration with trade surveillance units to investigate trade activity that could be indicative of money laundering/market manipulation on the brokerage platform.
Assist Management with inquiries from employees, business managers, internal and external auditors by providing information and guidance in a timely manner.
Prepare case files and draft timely narratives explaining the reasons to file or not file a Suspicious Activity Report (SAR).
Ensure that all investigations are handled in an efficient and timely manner to meet all regulatory guidelines and requirements.
Initiate and respond to 314(b) inquiries from financial institutions.
Research and verify the accuracy of information regarding cases
Develop contacts with federal, state and local law enforcement agencies and peers at other financial institutions to facilitate AML investigations.
Serve as a liaison with relevant law enforcement authorities and peer institutions in relation to FCO matters.
Complete other ad hoc requests and projects
Skills required to ensure your success include:
Data Gathering and Reporting: Knowledge of tools, techniques and processes for gathering and reporting data; ability to practice them in a particular department or division of a company.
Data Integrity: Knowledge of objectives, terminologies, and approaches of data integrity; ability to ensure the accuracy and consistency of data in various business environments.
Effective Communications: Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.
Internal Controls: Knowledge of concept, methods, and processes of internal control; ability to create, implement, evaluate and enhance processes in internal controls.
Managing Multiple Priorities: Knowledge of effective self-management practices; ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.
Diversity, Equity and Inclusion: Demonstrates a commitment to Diversity, Equity and Inclusion by treating everyone with respect and dignity, ensuring all voices are heard and advocating for change.
2+ years of broker dealer, compliance, legal, regulatory or law enforcement experience.
2+ years of investigative with specific emphasis on AML/BSA/fraud prevention.
Demonstrated knowledge of USA Patriot Act/Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) regulatory requirements required, including comprehensive understanding of OFAC sanctions and CDD/KYC requirements.
Thorough understanding of industry data trends/standards related to monitoring of market manipulation schemes, penny stock manipulation scenarios, elder financial exploitation, and other investment product risks that could be indicative of money laundering.
Ability to identify gaps and/or risk exposure in AML compliance programs.
Ability to explain new AML requirements and help to develop optimal processes to comply with those requirements.
Demonstrated familiarity/competency in using transaction monitoring software, screening applications, and various AML Investigative tools. Knowledge of Lexis Nexis, Bridger, and World-Check strongly preferred.
Strong analytical, problem solving and organizational skills.
Demonstrated ability to influence others in a team environment.
At Equitable, we're a team of over ten thousand strong; committed to helping our clients secure their financial well-being so that they can pursue long and fulfilling lives.
We turn challenges into opportunities by thinking, working, and leading differently - where everyone is a leader. We encourage every employee to leverage their unique talents to become a force for good at Equitable and in their local communities.
We are continuously investing in our people by offering growth, internal mobility, comprehensive compensation and benefits to support overall well-being, flexibility, and a culture of collaboration and teamwork.
We are looking for talented, dedicated, purposeful people who want to make an impact. Join Equitable and pursue a career with purpose.
Equitable is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.
NOTE: Equitable participates in the E-Verify program.
If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position, please contact Human Resources at (212) 314-2211 or email us at TalentAcquisition@equitable.com