Job Information
Equitable FIU Enhanced Due Diligence Manager in Charlotte, North Carolina
FIU Enhanced Due Diligence Manager ( 240000NG )
Primary Location : UNITED STATES-NC-Charlotte
Organization : Equitable
Schedule : Full-time
Description
At Equitable, our power is in our people.
We're individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you'll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential?
The Equitable Law Department’s Mission is to Serve as Equitable’s trusted counsel empowering Equitable to pursue its noble purpose by upholding the highest standards, forging collaborative relationships and delivering creative solutions.
At Equitable we have reimagined how we want to work and are guided by principles of inclusivity, flexibility, and connection. Come join Equitable's Financial Intelligence Unit and enjoy working for a leading financial company with an amazing and diverse culture! We offer a flexible hybrid office/remote work environment, and this position is based in our Charlotte, NC office.
The AML Enhanced Due Diligence Manager ("EDD Manager") will support the maintenance and control design strategy of the Sanctions, Anti-Money Laundering and Enhanced Due diligence programs and assessing risks associated with high-risk clients identified during onboarding and customer life cycle. This position will comply with all state and federal rules, regulations and laws while utilizing sound judgment and the highest degree of confidentiality.
The individual must be an independent worker that is self-driven and be able to work collaboratively with the team and business partners.
Specific responsibilities include, but are not limited to:
Enhance and manage a risk identification strategy that continually identifies new business risks and lessons learned from applicable regulatory enforcements.
Execute AML and Sanctions annual risk assessment program, including control inventory and risk typology mapping. Coordinate as needed with enterprise risk programs.
Manage the company’s customer screening process and procedures in place to detect high risk activities requiring enhanced due diligence. Conduct reviews of client documentation/information submitted by business units.
Responsible for collecting and analyzing documents related to account opening requirements in order to identify control persons and underlying beneficial owners; a good understanding of Corporate Formation Documents is needed.
Execute high-risk customer refresh process and ongoing enhanced due diligence procedures.
Manage the Sanctions Program to ensure compliance with the US Treasury Department’s Office of Foreign Asset Control (OFAC) laws, including maintaining and revising screening process against various other governments sanctioned or restricted lists.
Assist with oversight of Equitable’ s investment business; including, due diligence reviews conducted on borrowers for higher risk transactions, collecting and validating quarterly sub certifications from asset managers and periodic reviews of loan representations to ensure sufficient AML/Sanctions compliance verbiage.
Lead the maintenance of the FIU “internal” and “New Business” watch list comprised of known and current high-risk customers.
Support the Customer Risk Committee through review of Client Risk Scoring methodology, Client Identification/KYC documentation and Know Your Country updates.
Monitor, review, and report unusual client/ policy activity to lead investigator. Assist AML investigations with analysis as needed.
Maintain policy of OFAC regulations to remain compliant with U.S. laws and ensure that issues are reported on in a timely manner.
Work closely with FIU Tech team on any issues or new processes to be implemented with respect to the FCO Monitoring Programs.
Assist with reviews of FinCen 314a and other screening regulatory required functions and processes start to finish, including coordination responsibilities with business unit personal in performing this responsibility.
Acts as a BSA, AML and OFAC subject matter expert to identify process improvements: Identifying, recommending and executing potential solutions that monitor, detect or prevent sanctions violations, money laundering or terrorist finance activity.
Respond to inquiries from internal business partners; and develops and presents content to various audiences.
Handle other duties as assigned to assist with the effective administration of the FIU Programs.
The base salary range for this position is $55,000 - $70,000. Actual base salaries vary based on skills, experience, and geographical location. In addition to base pay, Equitable provides compensation to reward performance with base salary increases, spot bonuses, and short-term incentive compensation opportunities. Eligibility for these programs depends on level and functional area of responsibility.
For eligible employees, Equitable provides a full range of benefits. This includes medical, dental, vision, a 401(k) plan, and paid time off. For detailed descriptions of these benefits, please reference the link below.
Equitable Pay and Benefits: Equitable Total Rewards Program (https://portal.equitable.com/appentry/EDoxRedirect?node_id=A2023013000001)
Qualifications
Required Qualifications:
- 5 years of industry experience in insurance or broker dealer service operations, compliance or audit with a focus on anti-money laundering, fraud or other financial crime
Preferred Qualifications:
Knowledge of life, annuity, brokerage and investment advisory products and operations
Knowledge of Equitable's products, processes and controls of the organization activities
Demonstrated ability to influence others in a team environment
Highly analytical with a controls mindset
Flexible and willing to respond to unanticipated issues and constantly reprioritize based on business demands
Possess leadership skills and can successfully work alone and to maintain a team player attitude. Candidate should be able to work independently on a multitude of projects and ensure that both internal and external deadlines are met.
Skills
Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.
Communicating Complex Concepts: Knowledge of effective presentation tools and techniques to ensure clear understanding; ability to use summarization and simplification techniques to explain complex technical concepts in simple, clear language appropriate to the audience.
Data Gathering and Analysis: Knowledge of data gathering and analysis tools, techniques and processes; ability to gather and analyze data on the learning needs of a target population.
Data Integrity: Knowledge of objectives, terminologies, and approaches of data integrity; ability to ensure the accuracy and consistency of data in various business environments.
Document Management: Knowledge of document management; ability to categorize, integrate, update, document and distribute business information in a secure, effective way.
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.
ABOUT EQUITABLE
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 .
Req ID: 240000NG
