Compliance Associate, AML & Regulatory Oversight

The Role: About Lord Abbett: Founded in 1929, Lord Abbett is an independent firm with a singular focus on the management of money. Over the course of our history, weve earned a sterling reputation for our leadership, influence, and innovation in the asset management industry. Today, our independent perspective, our commitment to active management, and our intelligent product design continue to make us relevant to individual and institutional investors. From the very beginning, weve recognized that our people are our greatest asset. As an investment-led, investor-focused firm, we value intellectual curiosity, teamwork, and collaboration across the organization. Were looking for people with a keen interest in working for a trusted leader in the asset management industry, a desire to expand their knowledge, and a passion for delivering a client experience that exceeds expectations. Now that you know our history, are you ready to be part of our future? The Compliance Associate is responsible for ensuring there are strong controls, effective policies, and clear procedures in place to meet all regulatory requirements. The ideal candidate will coordinate and execute regulatory filings, oversee Lord Abbetts AML and financial crimes program, and identify and monitor for suspicious activities as they relate to AML and financial crimes. If AML cases are generated, the Compliance Associate will handle by conducting research, documenting the investigations, and providing initial recommendations to the Compliance Leadership team. In addition to AML, the Compliance Associate will assist in other key Compliance areas such as electronic communications reviews, branch exams, and regulatory exams and inquiries. Well trust you to:: Review AML & CIP programs of key service providers Collect and review documentation for Client Identification Program (CIP) processes and ongoing updates Conduct AML and CIP investigations as necessary Determine investigative and data analytics approach, use sound decision-making and discretion in mitigating corporate risk at each decision point throughout the investigation Provide recommendations for Suspicious Activity Reports (SARs) filing by presenting documentation to support findings and prepare SAR as needed Coordinate regulatory exams, submit filings, and respond to inquiries for all Lord Abbett entities Maintain Written Supervisory Procedures and Compliance Manual for the Broker Dealer Manage responses for money laundering related queries/questionnaires such as DDQs and RFPs Handle electronic communications exceptions as generated and escalate to leadership if required Conduct OSJ and Branch exams for the broker dealer Provide back up support for all broker dealer licensing and registrations requirements Perform ad hoc projects or tasks as assigned by the Team Leader You'll need to have:: Four Year College Degree or equivalent experience in the industry At least 5+ years experience in working at an asset manager (preferably within AML, KYC and/or Regulatory Management) Experience reviewing customer transactions for potentially suspicious activity and performing AML related investigations using an AML automated monitoring software Knowledge of the laws applicable to money laundering, including the Bank Secrecy Act (BSA), The USA Patriot Act, FinCEN requirements, and SAR requirements Some experience in drafting and maintaining policies and procedures with an Asset Manager Excellent research skills, including experience with online research tools Advanced proficiency in Microsoft Office (i.e., MS-Word, MS-Excel, MS-Access, MS-PowerPoint and MS-Outlook) Strong writing, analytical, decision making/problem solving and communication skills Able to multitask and complete projects in a timely fashion Strong organizational and time management skills Why Lord Abbett?: Lord Abbett is a leading global independent, privately held investment management company. We are active managers and invest where we believe we have a repeatable edge and can deliver alpha for our clients. Our vision is to be the most respected asset manager in the world, admired for our people, our performance, our relationships, and our organizational agility. This inspires the three pillars of our culture. Principles-Led - We empower our leaders to create an environment of trust. Performance-Oriented - We inspire our people to embody our values, excellence, responsibility, transparency & collaboration. Purpose-Driven - We instill a passion for always putting our clients' interests first. We are honored to have earned recognition as one of the Best Places to Work in Money Management by Pensions & Investments and scored 100% on the Human Rights Campaigns Corporate Equality Index, a measure of LGBTQ+ workplace equality. Compensation Information: Annual base salary for this role is $120,000 - $145,000. Salary is estimated for this role. Actual pay may be different. Discretionary Bonus: Role may be eligible to receive an annual discretionary bonus. Discretionary bonuses are determined by several factors including, but not limited to, firm, team, and individual performance. Benefits: Lord Abbett is committed to offering a competitive total rewards package to all eligible employees. Offerings include competitive total compensation, retirement plans, competitive health and well-being plans. To learn more about what we offer, please visit Careers | Lord Abbett Lord Abbett is an equal employment opportunity employer. We are committed to providing equal employment opportunities to all qualified individuals without regard to the following legally protected characteristics: race, color, religion, sex, pregnancy, national origin, age, physical or mental disability, marital status, sexual orientation, sexual identity, caregiver status, military/veteran status, or any other characteristic protected by local, state or federal law. All employment decisions at Lord Abbett are based solely on the applicants relevant experience, skills and qualifications. Important notice to Search Firms - Please Read Carefully Without prior written agreement, Lord Abbett does not accept unsolicited submissions from employment agencies, search firms, placement services, or any similar provider (Search Firms) for employment opportunities. All candidates submitted by Search Firms to any employee or partner at our company without a written Search Firm agreement in place will be deemed the sole property of our company. In such circumstances, no fee, commission, or other compensation will be paid to such Search Firm in the event a candidate is hired by our company. To the extent a Search Firm has a written agreement in place, all introductions are position specific and should be directed to HR or the hiring manager, so we kindly request no unsolicited phone calls or emails.

Created: 2024-10-29