Full Job Description
Compliance Analyst - Financial Crime-839955
At Franklin Templeton, everything we do is focused on one thing – delivering better client outcomes. We do that by partnering closely with our clients, assessing their strategic needs, and identifying the solution or solutions that can meet the challenge. Over 12,000 employees working in 34 countries around the world are dedicated to servicing investment solutions for our clients in more than 160 countries. For more than 70 years our success has been a direct result of the talent, skills and persistence of our people, and we are looking for a Financial Crime Compliance Analyst based in our New York Office.
What is Global Compliance Department responsible for?
The Financial Crime Compliance team is part of the Global Compliance department. Global Compliance has more than 100 compliance professionals located in in various countries worldwide. Our team helps mitigate compliance risks facing the company, including material loss, financial loss, or loss of reputation, as well as the possibility of regulatory sanctions that Franklin Templeton may suffer as a result of its failure to comply with laws, regulations, rules, industry standards and codes of conduct applicable to its activities.
FT is firmly committed to international efforts to combat money laundering and the funding of terrorist and criminal activities. We make every effort to remain in full compliance with all applicable anti-money laundering (“AML”) and anti-terrorist financing (“ATF”) laws, rules and standards adopted in the jurisdictions in which we do business. The Financial Crime Compliance team addresses Anti-Money Laundering, Anti-Corruption, and Sanctions risks.
The Compliance Analyst is responsible under the direct supervision of his or her manager, for supporting the overall corporate financial crime compliance program. He/she will independently perform compliance monitoring activities and perform other ongoing responsibilities described below.
What are the ongoing responsibilities the role?
Ensure that AML, Sanction and Anti-Corruption policies and procedures are adhered to and evidenced properly
Assist Financial Crime Compliance Manager in maintaining a corporate AML and sanction program
Assist with the administration and coordination of the corporate AML Committee
Perform basic and enhanced due diligence, including AML, KYC, Anti-Corruption, PEP, Sanction, and Negative News screening on new and existing relationships
Obtain and update beneficial ownership and control data on relationships where required
Determine materiality (i.e., true v. false positive matches), document review and escalate results appropriately
Perform ad hoc reviews
Administer confirmation process re: AML, OFAC, sanctions, etc. obligations
Work with business to request additional information from relationships (i.e., intermediaries/distributors, minority interest investments, clients, vendors) for escalated incidents
Identify and coordinate suspicious activity reporting
Assist in the administration of external tools used for review (i.e., Bridger, Orbis).
Assist in creating AML training materials
Participate in Financial Crime related projects and initiatives for overall efficiency
Participate in Industry forums and seminars
What qualifications, skills and experience would help someone to be successful?
3+ years of related experience, with at least 2 years in the financial industry
KYC or AML experience required
Strong interest in Financial Crime Compliance
Attention to detail and organized
Ability to communicate effectively (both verbally and written)
Ability to comprehend and follow written and verbal instructions with limited supervision
Strong analytical skills as well as ability to handle multiple tasks/requests at the same time
Proficient in MS Office applications such as Word, Excel, PowerPoint.
Experience in using digital solutions (data analytics etc.) would be a strong plus
Alternative distribution (e.g., digital, robo, model portfolios) experience a plus
What makes Franklin Templeton unique?
In addition to the dynamic and professional environment at Franklin Templeton, we strive to ensure that our employees have access to a competitive and valuable set of Total Rewards—the mix of both monetary and non-monetary rewards provided to you in recognition for your time, talents, efforts, and results. Highlights of our benefits include - contributory pension scheme, private healthcare plan, PHI, life insurance, Employee Stock Investment Program, incentive plans, purchase of company funds with no sales charge, educational reimbursement and on-site training.
We believe that being a good corporate citizen is good business. To us, corporate citizenship means being accountable, serving our clients, being an employer of choice, managing our environmental impact, and supporting our communities. An emphasis on corporate citizenship is embedded in our culture and values, and is an important element of how we achieve success.
We are also committed to your learning and development with resources focused around Experience, Exposure, and Education, to help you achieve your professional development goals. Take some time to, meet some of our people, and see what it means to say, “I AM Franklin Templeton.”
Franklin Templeton values diversity in its workforce and welcomes employees from different backgrounds, generations, capabilities, cultural identification, sexual orientations, and gender expression, in addition to other attributes that contribute to a truly diverse and inclusive community.
JOB FUNCTION: Legal & Compliance
PRIMARY LOCATION: United States-New York-New York
Job Level: Individual Contributor