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Anti-Money Laundering Compliance Officer

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About Altruist

Altruist is the modern custodian built exclusively for independent financial advisors that combines a self-clearing brokerage firm with intuitive software for account opening, trading, reporting, and billing — all in one streamlined solution. Financial advisors across the U.S. have partnered with Altruist to reduce costs, save time, grow their business, and provide better outcomes for their clients. Our mission is to make financial advice better, more affordable, and accessible to everyone — but we can’t do it alone. We’re seeking exceptional talent to join our team. That’s where you come in!

If you’re passionate about challenging the status quo and making a meaningful impact in the financial advice industry, we’d love to meet you!

But first, our values

Kindness - Kindness doesn’t just equal niceness. We listen to understand. We embrace, and encourage healthy debate and diverse perspectives. We approach conflict openly, honestly, and respectfully.

Brilliance - Humility is the skill we’re most proud of and possessing a growth mindset is always top of mind. We take ownership in everything we touch; regularly using our unique superpowers to reach a common goal as a team. We succeed and fail as one.

Grit - When challenges arise, we stay laser focused on achieving our mission and finding a way forward, even when it’s hard. We are nimble and maintain a sense of urgency, swiftly adapting to change and overcoming obstacles.

The opportunity

Altruist is entering an exciting phase, and we're looking for an Anti-Money Laundering Compliance Officer to join our Compliance team.

Your impact

Play a critical role in safeguarding our institution against financial crime and ensuring compliance with relevant regulations.
Develop and implement transaction monitoring systems to identify and investigate suspicious activities.
Oversight of the trade market abuse detection systems.
Continuously enhance detection algorithms to stay ahead of evolving risks.
Enhance the customer risk rating methodology to ensure accurate risk assessment.
Collaborate with the IT department to automate and streamline risk rating processes.
Monitor customer risk profiles and adjust as necessary based on changing circumstances.
Serve as the head of the financial crimes functions, overseeing a team of analysts and investigators.
Develop, implement and maintain the enterprise fraud program.
Develop and implement fraud prevention strategies and controls.
Investigate and report on suspected fraudulent activities.
Manage and maintain the CIP, ensuring compliance with all regulatory requirements.
Stay current with industry trends and regulatory changes related to CIP.
Serve as the escalation point for client onboarding approval reviews for Operations.
Develop, implement and maintain the Anti-Bribery and Corruption program.
Serve as the escalation point for AML related whistle blower escalations.
Oversight of gifts and entertainment review system.
Stay abreast of relevant AML, fraud prevention and trade market regulations.
Ensure the firm's compliance with all applicable laws and regulations.
Prepare and submit required reports to regulatory authorities.

What you bring

Experience - At least 10 years of experience in AML compliance within a broker-dealer or financial institution.
- Strong knowledge of AML and fraud prevention regulations and industry best practices.
- Experience with transaction monitoring and trade market abuse detection systems.
- Proven leadership and management skills.
Certifications - CAMS certification required, Certified Fraud Examiner is a plus
Technical aptitude - You’re technologically savvy and can easily get up to speed on modern tech stacks
Ownership - The pride you put into every aspect of your work is unparalleled and undeniable
Superb communication - Intentional dialogue is a superpower. You listen as well as you share your perspective with others.
Resilience - We’re inspired by your unwavering determination to achieve success, no matter the adversity you face along the way.
Assurance - Your confidence is brilliant, yet ego-less. You possess a strong knowledge base, the ability to discover the unknown, and are open to differing perspectives.
Creative problem solving - Identifying the problem is simply not enough. You’re instinctually creative with your approach in finding solutions to roadblocks.
Bonus points if you bring
- Certified Fraud Examiner (CFE) credential

Dallas, TX salary range

$170,000—$220,000 USD

What we bring

Attracting and retaining top-tier talent is a priority. We are proud of the culture we’ve built and are cognizant of the ever-changing professional landscape. Our dynamic offering of perks and benefits are tailored for you to feel your best while doing your best.

A hybrid work schedule for most positions to promote strong, in-person collaboration and a healthy work-life-balance.
Stunning, amenity-filled office spaces in Culver City, CA, San Francisco, CA, and Dallas, TX. Our offices are intentionally designed for comfort, collaboration, and productivity.
Competitive pay, as well as equity for eligible positions
Premium healthcare, dental, and vision insurance plans
401k savings plan with matching contributions and immediate vesting
Generous paid parental leave
Professional growth and development opportunities including an employee mobility program and an annual L&D budget allocation for each employee
Physical and emotional wellness programs that nurture both your mind and body
Company perks program (includes discounts on pet insurance, fitness, cell phone plans, entertainment and travel, etc.)
Financial guidance program (includes counseling on navigating debt, tracking personal spend, saving and planning goals, home-purchasing preparedness, etc.)

Total compensation includes a competitive benefits package along with equity in the form of Stock Options (ISOs) for eligible roles. For salaried positions, a salary offer will be determined by a number of factors including experience, skill level, internal pay equity, geographic location, and other relevant business considerations. We review all employee pay and compensation programs regularly to ensure fair, equitable, and competitive pay. At Altruist, we are committed to providing fair, equitable, and competitive compensation by leveraging market data to inform our pay bands. Base salaries will be reviewed at regular intervals throughout the year, typically in conjunction with performance review cycles. By evaluating compensation on a regular basis, we are able to reward high performance and ensure all employees have opportunities for growth.

Don’t meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Altruist we are dedicated to building a diverse, inclusive, and authentic workplace, so if you’re excited about this role, but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.

Average salary estimate

$195000 / YEARLY (est.)

min

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$170000K

$220000K

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What You Should Know About Anti-Money Laundering Compliance Officer, Altruist

Altruist, the modern custodian designed exclusively for independent financial advisors, is looking for a passionate Anti-Money Laundering Compliance Officer to join our dynamic team in Dallas, TX. If you’re excited by the opportunity to challenge the status quo in the financial industry while making a real impact, this role might be the perfect fit for you! In this position, you will play a pivotal role in protecting our institution from financial crime and ensuring compliance with regulations. You will be developing and implementing transaction monitoring systems to identify suspicious activities, staying ahead of evolving risks, and leading a dedicated team responsible for combating financial crimes. Your expertise will empower you to enhance customer risk rating methodologies and collaborate with our IT department to streamline processes. With your knowledge and experience in AML compliance within financial institutions, you'll bring a holistic approach to safeguarding our clients. At Altruist, we value kindness, brilliance, and grit, all of which foster a nurturing environment for innovative thinking and meaningful collaboration. We offer competitive pay, a hybrid work model, and numerous benefits that prioritize your professional growth and well-being. So if you’re ready to make a difference and contribute to our mission of providing exceptional financial advice, we can’t wait to hear from you!

Frequently Asked Questions (FAQs) for Anti-Money Laundering Compliance Officer Role at Altruist

What are the key responsibilities of an Anti-Money Laundering Compliance Officer at Altruist?

As an Anti-Money Laundering Compliance Officer at Altruist, your primary responsibilities will include monitoring and investigating suspicious activities through transaction monitoring systems, enhancing fraud prevention strategies, and overseeing the financial crimes function. You will also manage the enterprise fraud program, conduct risk assessments, and ensure compliance with relevant regulations. Your role is crucial in maintaining the integrity of our financial operations.