AVP, Enterprise Asset Management Compliance & MLRO

Sun Life U.S. is one of the largest providers of employee and government benefits, helping approximately 50 million Americans access the care and coverage they need. Through employers, industry partners and government programs, Sun Life U.S. offers a portfolio of benefits and services, including dental, vision, disability, absence management, life, supplemental health, medical stop-loss insurance, and healthcare navigation. We have more than 6,400 employees and associates in our partner dental practices and operate nationwide.

Visit our website to discover how Sun Life is making life brighter for our customers, partners and communities.  

Job Description:

Sun Life embraces a hybrid work model that balances in-office collaboration with the flexibility of virtual work.

The opportunity:  

We are seeking an AVP, Enterprise Asset Management Compliance to be part of our dynamic team. A member of the Enterprise Asset Management (EAM) Risk and Compliance team, the AVP, Enterprise Asset Management Compliance is a second line of defense role and will be embedded within Sun Life Capital Management (SLC Management) and engaged across the full platform including the affiliated entities of BGO, Crescent Capital, InfraRed Capital Partners and Advisors Asset Management (AAM). This role is critical in ensuring that the organization meets all regulatory requirements and maintains robust compliance practices.

The AVP, Enterprise Asset Management Compliance will also serve as the money laundering reporting officer (MLRO) working closely with Sun Life’s Financial Crimes team and SLC Management and affiliated entities.    

How you will contribute:  

•  Own the L2 Compliance compliance programs for Sun Life’s Alternatives Investment Management platform (SLC Management and affiliated entities (Bentall Green Oak, Crescent Capital, InfraRed Capital, and Advisers Asset Management)) primarily within the United States and Canada, including providing guidance to resolve issues, remediate exceptions, and implement new rules and product initiatives.
• Be the senior EAM compliance leader within the SLC business; proactively engage and work with the SLC Business Unit L1B Risk and Compliance team and business leaders to ensure issues are identified, reported and remediated transparently and effectively.
• Lead and manage the Compliance Testing and Assurance Program (including annual compliance reviews under SEC Rules 206(4)-7 Investment Advisors Act and 38(a)-1 Investment Company Act, and engagement with the external compliance consultant firm that conducts the detailed testing.
• Serve as the MLRO for SLC Management and work closely with Sun Life’s Financial Crimes team and SLC Management and affiliated entities to ensure a robust AML and Sanctions program and adherence with Sun Life policies, standards, and regulatory requirements. Including reporting, risk assessments, oversight and testing of AML programs.
• Be the Sun Life subject matter expertise lead in Mergers and Acquisition programs and the oversight of the product development lifecycle.
• Co-own and be a thought leader within the Global Sun Life Asset Management Compliance Community of Practice. Proactively contribute to the financial crime community, ensuring that the sector-specific investment risks within AML and Sanctions programs are appropriately addressed, and lead this community of financial crime specialists across Sun Life, its affiliates and engagement with MFS.  
• Responsible for compliance reporting for SLC into Sun Life Enterprise Compliance and the SLC Boards.
• Proactive engagement with Sun Life Enterprise Compliance, SLC Risk and Compliance, Business Stakeholders, Affiliated Entities to communicate Sun Life policies changes, standards and key matters.

 What you will bring with you:  

• Bachelor’s degree in Finance, Business, Law, or a related field; CFA or advanced degree a plus.
• Industry Certifications – Certified Anti-Money Laundering Specialist (CAMS) or equivalent certifications preferred.
• 10+ years of asset and investment management compliance experience; experience with AML and sanctions compliance experience is preferred.
• Strong knowledge of securities regulations (e.g. investment advisors act), including AML and Sanctions monitoring
• Ability to work independently, strong planning ability to prioritize work, manage multiple priorities, and complexity in a fast-paced environment.
• Excellent interpersonal, communication, change management, and influencing skills, and a team player mindset.
• Demonstrated ability to make recommendations to senior management and influence business decis