Job Description

Join to apply for the Private Markets AML/KYC Director role at Manulife Wealth & Asset Management1 week ago Be among the first 25 applicantsJoin to apply for the Private Markets AML/KYC Director role at Manulife Wealth & Asset ManagementThe 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.ResponsibilitiesResponsible 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 fundraisingActs as the SME with respect to MFC’s AML/KYC outsourcing arrangement with third party providersPartner with internal stakeholders (Investor Relations & Client Service Teams, Finance, Compliance, Legal and Risk) on required AML/TF compliance program requirements and other initiativesConduct 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 processesEnsure that any AML/TF compliance issues/concerns are appropriately evaluated, investigated, documented, and resolved in a timely mannerLead various AML risk awareness and training initiatives within Private Markets to ensure staff understand their roles and responsibilities in mitigating riskProvide 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 necessaryIdentify continuous improvement opportunities to enhance the efficiency and effectiveness of the ATF/TF programOther duties as assignedKnowledge And ExperienceMinimum of 5-7 years of relevant experience requiredExperience 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 processProblem-solving and decision-making skills including the ability to analyze complex information to identify key issues and drive resolutionWorking 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 goalsStrong project management skills and ability to multi‐task and work across multiple groups in demanding, fast-paced environmentService-oriented: ability to balance regulatory and policy standards along with a business perspectiveSuperior work ethic, strong organizational skills and attention to detailExcellent communication skills – both verbal and writtenFlexibility to juggle multiple and changing prioritiesResourcefulness in executing projectsCollaborative/teamwork approach and skills a mustEducationBachelor’s Degree required. Experience should include exposure to regulatory compliance framework management and risk management best practicesAML designation (CAMS) is preferredWhen You Join Our TeamWe’ll empower you to learn and grow the career you want.We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.As part of our global team, we’ll support you in shaping the future you want to seeAbout Manulife And John HancockManulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit is an Equal Opportunity EmployerAt Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact recruitment@manulife.com.Referenced Salary LocationBoston, MassachusettsWorking ArrangementHybridSalary range is expected to be between$120,750.00 USD - $217,350.00 USDIf you are applying for this role outside of the primary location, please contact recruitment@manulife.com for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.Manulife/John Hancock offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension/401(k) savings plans and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time (or more where required by law) each year, and we offer the full range of statutory leaves of absence.Know Your Rights I Family & Medical Leave I Employee Polygraph Protection I Right to Work I E-Verify I Pay TransparencyCompany: John Hancock Life Insurance Company (U.S.A.)Seniority levelSeniority levelMid-Senior levelEmployment typeEmployment typeFull-timeJob functionJob functionSales and Business DevelopmentIndustriesInsuranceReferrals increase your chances of interviewing at Manulife Wealth & Asset Management by 2xSign in to set job alerts for “Market Specialist” roles.Boston, MA $180,000.00-$200,000.00 4 days agoBoston, MA $180,000.00-$200,000.00 4 days agoBoston, MA $55,000.00-$65,000.00 4 days agoSales Specialist (Full-Time) - Newbury StreetFounding GTM Specialist - Digital HealthCare (100% REMOTE)Boston, MA $80,000.00-$110,000.00 6 days agoBoston, MA $75,000.00-$85,000.00 2 weeks agoGreater Boston $70,000.00-$80,000.00 1 day agoGreater Boston $180,000.00-$200,000.00 3 weeks agoTechnical Sales Specialist, East District (MA)Greater Boston $100,000.00-$160,000.00 3 weeks agoCardiovascular Account Specialist - U.S. Sales, Boston East, MAFish Market/Take Out Associates - Chestnut HillCardiovascular Account Specialist - U.S. Sales, Boston West, MAWe’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI. #J-18808-Ljbffr Manulife Wealth & Asset Management

Job Tags

Similar Jobs