The AML Compliance Director, Ally Invest reports to the Ally Executive Compliance Director/BSA Officer and is responsible to develop, execute and oversee the AML and Sanctions programs across Ally Invest Group, Inc and subsidiaries (includes Securities and Advisors, collectively \"Ally Invest\"). The position is the named AML Compliance Officer for Ally Invest. This role will implement policy and programs to prevent and detect money laundering. Through direct reports or through delegation of authority, as appropriate, this may include communication with business executives, other Compliance groups, vendors, and regulatory bodies (FINRA, SEC and FRB), researching and investigating closure of accounts, detailed case analysis, and extensive case documentation. This role directly and indirectly manages a team of AML Compliance employees who support the Ally Invest AML Program and is responsible for FINRA supervision of relevant employees. The role also provides central oversight and counsel to the Ally Invest Chief Compliance Officer (CCO) and other Ally Invest Business Line leaders. This position utilizes compliance experience and overall knowledge of the industry to work across departments in areas of AML. Exceptional customer service, relationship building, communication and writing skills are essential in this role. The ideal candidate will have 7-10 years of experience of relevant AML experience, including experience specifically related to the Financial Brokerage Services industry.. Job Responsibilities. Effectively implements and periodically reviews Ally Invest's AML Programs, including the Program's policies, procedures, management information systems and money laundering detection systems.. As named AML Officer for Ally Invest, responsible for ensuring that all aspects of Ally Invest's AML program meet regulatory requirements, including the timely filing of Suspicious Activity Reports (SARs).. Revises Programs when necessary to reflect changes in the Ally Invest business operations, relevant risk factors, or obligations under applicable laws.. Ensures that the Ally Invest AML Program harmonizes and aligns with the overall policy and requirements of the Ally Enterprise Program, while balancing broker/dealer specific regulations, guidance and industry practices.. Maintains current knowledge of relevant rules, regulations, and policy initiatives regarding the elements of the program, and develops and maintains relationships with key regulators and industry colleagues to be able to leverage best practices to ensure that the program meets industry standards and regulatory expectations.. Provides training to, and meets regularly with, the Business Line to discuss all relevant risks and issues regarding the Business Line, including business or customer risks and execution of the AML Program.. Partners with senior management and others to surface, investigate, and resolve potential compliance issues.. Interacts with the Management Committee, Brokerage and Wealth Management Steering Committee, Legal and government agencies and industry associations to include but not limited to SEC, Treasury Department, Department of Justice, and FINRA.. Provides subject matter expertise relating to Ally Invest new product initiatives and provides Invest-specific feedback on Ally enterprise products or initiatives that may impact Invest.. Reports no less than annually to the Brokerage and Wealth Management Steering Committee of the Ally Invest Board of Directors any issues of compliance with the Program, including the sufficiency of the resources provided to fulfilling the Program.. Maintains a thorough understanding of all relevant AML, CTF, Sanctions Compliance and Anti-Bribery laws and regulations.. Oversees Ally Invest training relating to AML, Anti-Bribery, and Sanctions Programs.. Participates on the Firm's Brokerage and Wealth Management Steering Committee.. Reviews FINRA audit or regulatory issues and reports, researching and engages departments to investigate and replies to FINRA with appropriate response.. Understands, complies, maintains and reinforces regulatory and firm policies and procedures/guidelines.. Supervisory Responsibilities:. Supervises the day-to-day workload of a team of AML Compliance employees and reviews work product, as appropriate.. Evaluates the performance of employees and assists in the development goals and objectives to enhance professional development that encourages them to develop their professional capabilities and supports their career objectives.. Delivers periodic performance feedback and completes annual performance evaluations.. Supervises the quality and timeliness of any AML-related process outsourced to the Ally Enterprise team.. Provides Principal supervision of any licensed employees supporting centralized AML functions for Ally Invest.. Qualifications. FINRA Series 7 and24 licenses required or the ability to obtain within 120 days of assuming role. 7-10 years of experience in AML Risk Management with superior knowledge of AML practices and prior investment or financial operations related experience.. Solid understanding and exposure to financial service/trading industry.. Solid relationship building and ability to deal with internal/external resources.. Able to work independently and with a team to handle all issues while working under strict time constraints.. Extensive experience interacting with federal and state regulators. Executive presence, with proven ability to interact successfully with senior management. Experience managing a team of professionals. Experience influencing and leading organizational change and excellent project management skills. Excellent written and oral communication skills, as well as highly detail-oriented. Excellent relationship building skills, and ability to work collaboratively. Ability to think and act both strategically and tactically.. Strong communicator who can effectively process constructive feedback while always keeping the corporate and end user goals in mind.. Ability to exercise independent thought and judgment and adapt to new tasks with little notice.. Strong interpersonal skills are required.. Experience with Microsoft Office Suite (Word, Excel, Outlook, Power Point). Bachelor's Degree or equivalent business experience. CAMS certified. Ally Overview. Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients. Ally's legacy dates back to 1919, and the company was redesigned in 2009 with a distinctive brand, innovative approach and relentless focus on its customers. Ally has an award-winning online bank (member FDIC), one of the largest full service auto finance operations in the country, a complementary auto-focused insurance business, a growing digital wealth management and online brokerage platform, and a trusted corporate finance business offering capital for equity sponsors and middle-market companies.. Business Unit/Enterprise Function. Compliance and Regulatory Affairs is responsible for driving compliance with laws, regulations and company policies set forth by federal regulators and stakeholders.. Total Rewards Information. Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. Plus, we have a flexible paid-time-off program including time off for volunteer opportunities. Ally's Total Rewards Program is designed to enrich your life at work - and outside of it and includes:. Industry-leading 401K retirement savings plan with matching and company contributions. Wellness program encouraging healthy living with financial rewards. Flexible health insurance options including dental and vision. Pre-tax Health Savings Account with generous employer contributions. Pre-tax commuter benefits. Other work-life integration benefits including parental and caregiver leave, adoption assistance, backup child and adult/elder day care program, child care discounts, tuition reimbursement, LifeMatters(r) Employee Assistance Program, subsidized and discounted Weight Watchers(r) program and other employee discount programs. Ally is an Equal Opportunity Employer. We extend equal employment opportunities to qualified applicants and employees on an equal basis regardless of an individual's age, race, color, sex, religion, national origin, disability, sexual orientation, gender identity or expression, pregnancy status, marital status, military or veteran status, genetic disposition or any other reason protected by law.. Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering fin... Associated topics: chief financial officer, director, director finance, financial director, general manager, operation, organizational culture, president, recruit, supervise
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