AML - Associate
iCapital Network is powering the world’s alternative investment marketplace. Our financial technology platform has transformed how advisors, wealth management firms, asset managers, and banks evaluate and recommend bespoke public and private market strategies for their high-net-worth clients. iCapital services approximately $70 billion in global client assets invested in close to 750 funds across more than 125,000 underlying accounts.
iCapital was named Solutions Provider of the Year at the 2020 MMI/Barron’s Industry Awards and selected to the 2018, 2019 and 2020 Forbes FinTech 50, a list of the top 50 innovative financial technology companies that are transforming finance through technology.
About the Role
The Compliance Team within the Legal & Compliance department is seeking a candidate to help administer iCapital’s anti-money laundering compliance program. This is an ideal role for someone looking to focus on AML/KYC in a fast-paced environment, leveraging new technology.
Responsibilities
- Perform first-line and second-line account reviews where needed for both onboarding and continued monitoring across private equity funds, hedge funds, and register fund offerings.
- Perform testing among high-risk and politically exposed client populations.
- Assist in reviewing and updating AML-related agreements.
- Assist in audit and testing of AML/KYC programs.
- Maintain library of relevant policies, procedures, FAQs and checklists.
Qualifications
- Bachelor’s Degree, with 2-4 years of AML/KYC onboarding or screening experience in the Financial Services/Alternative Investments industry
- Strong knowledge of the Bank Secrecy Act, the USA PATRIOT Act, and OFAC/related sanctions laws
- Willingness to learn and an interest in technology
- High level of integrity; able to handle sensitive and confidential material
- Prior experience with Lexis-Nexis, WorldCheck, or similar software is required
- Experience with Cayman Islands and/or European AML/KYC laws preferred
- CAMS preferred
Benefits
iCapital offers a comprehensive benefits package that includes a competitive total compensation program consisting of salary, equity for all full-time employees, annual performance bonus, and an employer matched retirement plan; generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling; and generous paid time off (PTO) featuring unlimited sick time and parental leave.
As we plan to re-enter our offices in 2021, iCapital will offer most employees the flexibility to work remotely one to two days a week. Every department has different needs, and some positions will be designated in-office jobs, based on their function.
While we are currently working remotely due to COVID-19, this position will be based in our New York, NY or Greenwich, CT offices.
For additional information on iCapital Network, please visit https://www.icapitalnetwork.com/about-us Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc
iCapital Network is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.