EDD associate
Posted on: 14 Sep 2021
Denver, CO
Job Description
About the Role
The EDD Associate will be responsible for running EDD processes and controls. This includes implementing scalable processes and identifying potential areas of EDD compliance vulnerability. The associate will support the team in managing regulatory risk, ensuring deadlines and service levels agreements are met, and for compliance with Firm policy, BSA, FinCEN guidance, SEC rules, and FINRA regulations.
As a EDD Associate you will:
Implement and execute EDD Procedures to comply with all, BSA, SEC, and FINRA rules
Manage and resolve escalated EDD issues, high risk customer, exception report monitoring, and other compliance assignments
Investigate and make determinations on EDD reviews and escalations
Develop and implement process improvements to increase quality and scalability
Conduct internal testing of EDD compliance in functional areas such as CDD, PEP, fraud prevention and communicating trends and findings to AMLCO
Manage ad hoc priorities dealing with EDD compliance and subsequent determinations
Some things we consider critical to being a EDD Associate:
Bachelor’s Degree or equivalent work experience
3+ years working in EDD compliance or AML compliance experience with focus on EDD
Certified Anti-Money Laundering Specialist (CAMS) designation or pursuing certification
Strong understanding of broker/dealer operations and/or financial services compliance functions
Superior expertise, investigative skills, and strong knowledge of BSA, AML, USA Patriot Act, OFAC and privacy laws as they apply to financial institutions
Self-starter with ability to work independently
Good communication and analytical skills
Ability to effectively manage multiple priorities and adapt to a changing environment
Bonus Points:
Broker/dealer experience in an EDD compliance or KYC environment
Management experience in EDD Operations, Compliance and/or Controls
Robinhood
Menlo Park, CA
Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California, known for offering commission-free trades of stocks and exchange-traded funds via a mobile app introduced in March 2015. Robinhood is a FINRA-regulated broker-dealer, registered with the U.S. Securities and Exchange Commission, and is a member of the Securities Investor Protection Corporation.The company's revenue comes from three main sources: interest earned on customers' cash balances, selling order information to high-frequency traders (a practice for which the SEC opened an investigation into the company in September 2020) and margin lending. As of 2020, Robinhood had 13 million users.
Robinhood is on a mission to democratize finance for all. We believe it should work for everyone and not just a few. We offer commission-free trading in one, user-friendly platform. Trading in stocks, ETFs and options is offered through Robinhood Financial LLC, member SIPC. Cryptocurrency trading is offered through Robinhood Crypto, LLC. Keep in mind other fees may still apply to your brokerage account. Please see Robinhood Financial’s Fee Schedule at rbnhd.co/fees to learn more. All investments involve risk, including the possible loss of principal. Past performance of a security, or financial product does not guarantee future results or returns. Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services and is not a member of FINRA or SIPC. Cryptocurrencies are not stocks and your cryptocurrency investments are not products protected by either FDIC or SIPC. Robinhood Financial LLC and Robinhood Crypto, LLC are wholly-owned subsidiaries of Robinhood Markets, Inc.
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IndustryBanking/Financial Services
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No. of Employees1,281+
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Website
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Jobs Posted99
