Compliance Specialist I

Job description

Job Details

• Job Category: AVP
• Requisition Number: COMPL001859
• Posted: August 20, 2025
• Full-Time
• New York
• New York, NY 10022, USA

Job Description

The Compliance Officer is responsible for conducting risk and compliance reviews as part of the Anti-Money Laundering (AML) and Know-Your-Client (KYC) objectives of Itaú BBA USA Securities ("IUST"), an institutional broker-dealer and FINRA member firm.

The Compliance Officer will support the Chief Compliance Officer and Senior Compliance Officer in all day-to-day functions and broker-dealer compliance projects and will be instrumental in maintaining an appropriate compliance culture within Itaú BBA USA Securities.

Tasks and responsibilities

• Review and verify all new client accounts (e.g. KYC, CBP, AML, OFAC, Worldcheck, RIA certificate, update information on file) and direct responsibility for maintaining the Compliance Department client database.
• Update company AML policies and procedures, including regular testing for effectiveness and compliance with company policies.
• Oversee the transaction review process for eligibility, accuracy and potential suspicious activity; daily monitoring of the InfoReach system related to suspicious activity and transaction monitoring.
• Monitoring of legal and regulatory requirements in connection with the Bank Secrecy Act, the Patriot Act and OFAC regulations as well as guidelines from US and foreign regulatory authorities.
• Processing FinCEN314(a) requests, including self-verification of all FinCEN314a requests and documentation.
• Assistance with AML reviews/investigations of account activity.
• Documentation and reporting of case reviews/investigations and preparation of case files for review.
• Communication between different business areas in the procurement of information for internal committees, such as the Internal Risk Committee (IRC).
• Plan and assist in the preparation of materials for the bi-annual IUSI Board meetings.
• Ensuring that regulatory certifications are submitted on time.
• Working with middle office and trade support teams for Itaú BBA USA Securities, Itaú Corretora de Valores SA and other Itaú BBA affiliates in Latin America, Lisbon and London in relation to client onboarding and KYC renewal and maintenance.
• Creation and distribution of the KYC dashboard to track the renewal progress of on-boarded customers.
• Ensure that all new employees are properly on-boarded.
• Process employee U4 registrations and U5 employee appointment requests with FINRA.
• Oversee the administration of employee continuing education requirements, including FINRA CE, Firm Element training and other FINRA-required training.
• Assist with annual compliance training and ad hoc training required by the Firm Element Training Program.
• Ongoing participation in responding to internal audit requests.
• Review of daily transactions, equity, fixed interest and derivative transactions.
• Support in the development, implementation and dissemination of written supervisory procedures.
• Monthly review of all employee personnel trading accounts.
• Support the Chief Compliance Officer and Senior Compliance Officer in other day-to-day functions and compliance projects.

Requirements

• 3+ years of experience reviewing client information and conducting AML or financial investigations.
• In-depth knowledge of US securities regulations, FINRA/SRO/NAC/FDIC/OCA rules