Private Markets AML/KYC Director

The Director, Private Markets AML/KYC is responsible for maintaining and updating all Anti-Money Laundering and Know Your Counterparty (“AML/KYC”) internal processes and procedures within the team. The responsibilities of this role include assisting in developing, implementing, maintaining and enhancing the AML/KYC policies, procedures, and controls of the global Private Markets organization. In this role of Director, you will work closely with Compliance, Operations, Finance and Investor Relations to help ensure complete AML/KYC is conducted on all prospective investors subject to acceptance by the general partner or manager, across all Private Markets products, including open-end and closed-end funds.

Responsibilities:

• Responsible for the administration of the AML/TF program within Private Markets to ensure compliance with all applicable internal MFC policies and external regional, federal and state laws, regulations and industry best practices across multiple product lines (AML onboarding, screening, monitoring & reporting requirements)

• Responsible for the management of Investor Services AML/KYC onboarding due diligence (processes, controls, data & document mgmt.)

• Provide guidance regarding AML/TF risks related to their new products, services, domiciles of operations or various types of investors & channels used for capital fundraising

• Acts as the SME with respect to MFC’s AML/KYC outsourcing arrangement with third party providers

• Partner with internal stakeholders (Investor Relations & Client Service Teams, Finance, Compliance, Legal and Risk) on required AML/TF compliance program requirements and other initiatives  

• Conduct routine AML/TF risk assessments including the evaluation of any external regulatory changes and/or changes to internal MCF policies and manage the implementation and effectiveness of any changes to affected business processes

• Ensure that any AML/TF compliance issues/concerns are appropriately evaluated, investigated, documented, and resolved in a timely manner

• Lead various AML risk awareness and training initiatives within Private Markets to ensure staff understand their roles and responsibilities in mitigating risk

• Provide quarterly, annual & any ad hoc AML program reporting on KPI’s/KRI’s, trends, high risk relationships & AML/TF/KYC incidents/events escalation to Corporate & Business level MLRO’s/CCO’s as necessary

• Identify continuous improvement opportunities to enhance the efficiency and effectiveness of the ATF/TF program

• Other duties as assigned

Knowledge and Experience:

• Minimum of 5-7 years of relevant experience required

• Experience in a legal, banking, broker dealer, regulatory, private equity fund or asset management firm is highly desirable (Canada, the United States, EMEA & APAC)

• Strong preference for candidates with experience in anti-money laundering and Know Your Client onboarding activities and knowledge of relevant rules applicable to financial services firms (AMLTF, PCMLTF, U.S. Title 31, FINTRAC/FINCEN, OSFI, OFAC and regional EMEA & APAC laws)

• Critical thinking and analytical skills and the ability to evaluate risk. This includes the ability to evaluate and eliminate any false positives accurately while providing documented rationales during the AML/TF screening process

• Problem-solving and decision-making skills including the ability to analyze complex information to identify key issues and drive resolution

• Working knowledge of Foreign Account Tax Compliance Act (FATCA) and Organization for Economic Cooperation and Development (OECD) Common Reporting Standards (CRS)

• Working knowledge of sanction risk, industry best practices and alignment objectives to corporate risk goals

• Strong project management skills and ability to multi‐task and work across multiple groups in demanding, fast-paced environment

• Service-oriented: ability to balance regulatory and policy standards along with a business perspective

• Superior work ethic, strong organizational skills and attention to detail

• Excellent communication skills – both verbal and written

• Flexibility to juggle multiple and changing priorities

• Resourcefulness in executing projects

• Collaborative/teamwork approach and skills a must

Education:

• Bachelor’s Degree required. Experience should include exposure to regulatory compliance framework management and risk management best practices

• AML designation (CAMS) is preferred<