Job Description:

Senior Analyst – AML and OFAC

This role requires a person with extensive financial service experience and a thorough knowledge of the policies and procedures govern Fidelity OFAC and Adverse Agency policies. The Senior Analyst must perform these tasks while being cognizant of the real and potential risk and liability to Fidelity and its customers. The Senior Analyst should also have strong communication skills to articulate Fidelity's policy for handling the above mentioned situations while maintaining a professional demeanor when dealing with demanding clients. In addition, the role requires the person to collaborate with different business partners and on projects that will ensure Fidelity have a prompt and complete response to all issues pertaining to AML and OFAC Policy questions and concerns.

The Expertise We’re Looking For

• Bachelor’s Degree required
• Strong brokerage operations background
• 3 plus years of experience in financial services, banking or other highly regulated industry
• Ability to work as a team player as well as work independently
• Excellent communication skills, both written and oral, as communicating with internal business units, customers, and correspondents will be required

The Purpose of Your Role

To support Fidelity’s Anti Money Laundering and Sanctions programs and maintain compliance with USA PATRIOT Act and OFAC regulations. You will be responsible for examining the severity of reported negative media and consider next steps, which may include account restriction/closure, escalation for further review and notification. This role will also serve as back-up for a variety AML/OFAC processes and will be expected to learn and master these functions as well.

The Skills You Bring

• You have strong research and investigation skills
• You are highly effective through attention to detail while maintaining a broad view of business objectives
• You have good written and verbal communication skills and are able to handle tough conversations regarding account closures.
• You are highly motivated, flexible, quality focused, team player.
  • You have Working knowledge of Fidelity systems including FBSI, CACTUS, IRF, XTRAC, FDOT
• You have the ability to manage multiple cases and prioritize accordingly.

The Value You Deliver

• Review incoming Adverse Agency incidents and perform research to determine positive or negative matches between end-clients and reported media.

• Collaborate with Financial Intelligence Unit (FIU) colleagues on the Suspicious Account Activity Monitoring Team (SAAM), Investigations Evaluation & Response team (E&R) and External Investigations group as needed.
• Responsible for the detection and restriction of all applicable accounts as well as working with internal and external partners and customers directly to obtain proper documentation to service accounts when applicable.
• Responsible for educating internal Risk colleagues and may provide advice to business partners on a scope of work consistent with subject matter expertise.

• Document activities related to reviewing, researching and resolving risk issues
• Communicate restrictions to Correspondents/CSM’s/AE’s or contact PWI customers directly and have the ability to explain the reasons behind the restrictions.
• Review transactional applications to disposition potential OFAC hits. The Senior Analyst should be able to research and review these transactions and escalate when necessary.
• Analyze false positive hits to determine which search criteria can be eliminated without causing undue risk and possible non-compliance with OFAC and Patriot Act. Non-compliance can lead to serious sanctions
• The Senior Analyst will also be tasked to handle various OFAC screening processes, including but not limited to, account level, transaction and security level screening.

Your Work Impacts the Organization

This role plays a critical role in the identification of potential adverse public and industry information regarding Fidelity’s customers and helps reduce financial and reputational risk to the firm.

Certifications:

Category:

Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.

Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.