AML Compliance Analyst

Alpaca is a US-headquartered, global leader in agent-first brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more. Alpaca is a licensed financial services company, serving hundreds of financial institutions across 40 countries with institutional-grade APIs. The global team is a diverse group of experienced engineers, traders, and brokerage professionals working to open financial services to everyone on the planet.

• Collaborate with globally-distributed teams to implement and strengthen the firm’s Financial Crimes program and identify risks across CIP/KYC, AML, Anti-Fraud, and Fraud Monitoring initiatives
• Investigate potentially suspicious activity through transaction monitoring alerts, escalations, and referrals
• Ensure that transaction monitoring alerts, regulatory submissions, and case investigations are completed/submitted within the established deadlines and SLAs
• Screen individuals, entities, and transactions to assess potential matches against OFAC, global sanctions, PEP, enforcement, and adverse media watchlists.
• Review and respond to time-sensitive escalations, FinCEN 314(a) and 314(b) requests, law enforcement queries, and other regulatory inquiries
• Support ongoing enhancements to transaction monitoring rules, policies, procedures, controls, and risk frameworks
• Maintain audit trails with thorough, defensible documentation of investigations, alert dispositions, and compliance decisions
• Proactively identify and escalate critical risks, emerging trends, and compliance gaps to management
• Prepare clear, accurate, and timely SAR recommendations and narratives for management review, and support the filing of approved SARs with FinCEN
• Partner with internal stakeholders and assist during risk assessments, remediation efforts, external audits, examinations, and regulatory engagements
• Maintain strong knowledge of regulatory developments, financial crime typologies and red flags, trading behaviors, and regulatory expectations applicable to Alpaca’s business
• Conduct comprehensive CIP/KYC, CDD, and EDD reviews to identify, manage, and mitigate customer and firm-wide risk
• Evaluate source of funds, source of wealth, occupation, expected activity, and customer purpose
• Review and disposition assigned AML, sanctions, and securities-surveillance alerts from beginning to end
• Assist with due diligence and ongoing monitoring of introducing brokers, omnibus partners, correspondents, and other intermediaries

• 3-5 years of experience in Financial Crime/AML investigations (AML Alert Investigation related to retail, institutional, foreign financial firms)
• Strong understanding of U.S. regulatory requirements (e.g., BSA/AML, USA PATRIOT Act, SEC/FINRA regulations)
• Familiarity with trading activity and a variety of financial crime typologies, including spoofing, layering, wash trading, front-running, insider trading, fraud (deposit/withdrawals, account takeover/transfers) and manipulative order behavior
• Demonstrated ability to identify and escalate unusual activity and document investigations in a clear, concise, and audit-ready manner
• Strong investigative writing skills, including the ability to prepare clear, concise, and audit-ready case narratives and SAR recommendations
• Strong analytical skills, sound judgment, attention to detail, and ability to prioritize multiple tasks and deadlines effectively
• Experience using transaction-monitoring, sanctions-screening, case-management, fraud-monitoring, or securities-surveillance systems
• Ability to work independently and adapt to a rapidly changing business and regulatory environment
• Experience conducting open-source intelligence research and evaluating public records, adverse media, corporate information, and other investigative sources.
• Working knowledge of domestic and international payment systems

• This position reports to the AML Manager for Securities & Crypto or the AMLCO's designee.
• The role supports U.S.-based operations and requires daily working-hour overlap with U.S. Eastern Time, generally 4:00 p.m.–8:30 p.m. IST, subject to U.S. daylight saving time adjustments.