Regulatory and Compliance, AML - Associate

iCapital
New York, NY
On-siteCareer-pivot friendly

Who this role is best for

Best suited to candidates with 1-4 years of alternatives experience and a background in private fund compliance working in New York.

Best fit for

  • Candidates with 1-4 years of experience in private funds and a compliance-focused mindset
    — “1-4 years of alternatives experience, preferably with both broker dealer and registered investment advisor experience”
  • Individuals with technical knowledge of AML/KYC regulations and screening tools
    — “Experience with AML screening resolution vendor tools (i.e. LexisNexis, Worldcheck, ComplyAdvantage)”
  • Professionals who thrive in collaborative environments and support cross-functional initiatives
    — “Collaborate across various business lines on new initiatives, providing compliance guidance.”

Things to consider

  • The role requires in-office work on four days of the week despite offering some remote flexibility
    — “Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday.”

How to stand out

  • Highlight prior work with private fund investors in AML/KYC processes
    — “lead the review and approval process for investor AML and KYC with a strong private fund focus”
  • Demonstrate familiarity with Cayman Islands AML regulations and U.S. securities laws
    — “Strong knowledge of the Investment Company Act of 1940, Securities Act of 1933 and Cayman Islands Anti-Money Laundering Regulations”
  • Showcase project management and process development experience in compliance contexts
    — “Self-motivated with robust project management and process development skills”
  • Emphasize direct communication skills and ability to interact personally with stakeholders
    — “Excellent verbal communication skills with the ability for personal interaction”
  • Include ACAMS certification or express intent to pursue it if not already held
    — “ACAMS certification is preferred”
Pace · SteadyCollaboration · MediumAutonomy · MediumDecision Impact · Team

Derived from job-description analysis by Serendipath's career intelligence engine.

What success looks like

  • successful compliance reviews
  • effective collaboration with business lines
Typical background
compliancelegal

Skills & requirements

Required

AML And KYC ComplianceRegulatory RequirementsCompliance Review And ApprovalAML Screening

Preferred

Acams CertificationLegal Background

Stack & domain

AMLKYCInvestment Company Act Of 1940Securities Act Of 1933Cayman Islands Anti-money Laundering RegulationsAML Screening Resolution Vendor ToolsLexisnexisWorldcheckComplyadvantageCommunicationTeamworkProblem SolvingProject ManagementAcamsFinanceRegulatory Compliance

About the role

Original posting from iCapital via Greenhouse

About the Role

iCapital is looking to hire a Compliance Associate to join its Regulatory and Compliance team to lead the review and approval process for investor AML and KYC with a strong private fund focus. This role will be responsible for ensuring compliance with all AML and KYC regulatory requirements and generally assisting the Legal and Compliance teams with various compliance-focused tasks.    

Responsibilities

Review of investor and client AML and KYC documentation, client communications, quarterly reporting and ongoing monitoring

Perform third party reliance testing and monitoring.

Collaborate across various business lines on new initiatives, providing compliance guidance.

Conduct AML screening review and dispositions.

Assist in preparing for and responding to inquiries and audits. 

Qualifications

1-4 years of alternatives experience, preferably with both broker dealer and registered investment advisor experience

Strong knowledge of the Investment Company Act of 1940, Securities Act of 1933 and Cayman Islands Anti-Money Laundering Regulations

AML and KYC knowledge of regulatory requirements for private fund investors

Experience with AML screening resolution vendor tools (i.e. LexisNexis, Worldcheck, ComplyAdvantage)

Excellent verbal communication skills with the ability for personal interaction

Thrives in a fast-paced environment with a continuous learning mindset

Self-motivated with robust project management and process development skills

ACAMS certification is preferred

JD is a plus

Benefits

The base salary range for this role is $85,000 to $110,000. iCapital offers a compensation package which includes salary, equity for all full-time employees, and an annual performance bonus. Employees also receive a comprehensive benefits package that includes an employer matched retirement plan, generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling, parental leave, and unlimited paid time off (PTO).

We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday.

For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/

iCapital 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.

Source: iCapital careers (Greenhouse)

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