Senior Associate - AML/KYC (Remote/Hybrid)

IQEQ is a preeminent service provider to the alternative asset industry. IQEQ works with managers in multiple capacities ranging from hedge fund, private equity fund, and mutual fund launches; private equity fund administration; advisory firm set-up, regulatory registration and infrastructure design; ongoing regulatory compliance (SEC, CFTC, and 40 Act); financial controls and operational support services; compliance and operational related projects and reviews; and outsourced CFO/controller and administration services to private equity fund investments – portfolio companies, real estate assets and energy assets. Our client base is growing, and our existing clients are engaging the firm across the spectrum of our services offerings.

The successful incumbent will be an extension of the first line of defense within US, with a focus on providing quality KYC & CDD work on both clients and investors. The tasks will be completed in accordance with internal AML/CFT policies and procedures, as well as international and domestic AML/CFT regulations and guidelines, across a wide spectrum of service offerings, which include Funds & Institutional, Debt, Capital Markets & Corporate, and Private Wealth.

• Perform AML/KYC onboarding & periodic reviews on clients and investors in accordance with scheduled cycles ensure compliance with OFAC, FinCEN and FINRA AML/CFT regulations.
• To conduct name screening, review of due diligence documents, and risk assessments within established timelines.
• To review source of wealth & funds background of clients and investors in line with regulatory requirements.
• To ensure KYC documents are up to date and properly recorded.
• To provide independent recommendations to mitigate the identified risks across the existing client & investor book where necessary, and/or be responsible for escalating the findings to the necessary stakeholders.
• To assist the wider US Teams with managing client data and trackers to see through completion of full cycles.
• To perform management reporting on key statistics and status updates in an efficient manner.
• Be the point of contact for clients to collect due diligence documents in relation to the fund’s investors periodic review and provide timely response to client.
• To assist and support the team in administrative tasks where required.
• Support the department as required within the confines of role.
• Undertake any additional reasonable duties as required the Firm.

Key competencies for position and level

• Strong analytical skills with excellent attention to detail
• Results oriented and ability to multitask and manage high volumes of priorities in a fast-paced environment
• Resourceful with good verbal and written communication skills I’d recommend breaking written communication skills in its own separate point and really underscoring the importance of this part. This would be the #1 thing I’d look for that we can’t easily teach to someone.
• Strong work ethic / self-motivator

Essential Criteria

• Bachelor’s degree 
• 3+ years of experience in KYC/AML roles, Client Onboarding, Periodic Risk Reviews and Remediation Process, AML/CFT Compliance or related function 
• Strong communication skills (written and verbal) and strong work ethic 
• Ability to work under pressure in a fast-paced environment

Desired Criteria

• Strong MS Office skills (especially Excel)
• Professional Certifications in Anti-Money Laundering (such as ICA or ACAMS) is not mandatory but would be an advantage
• Some knowledge on Fund Administration, Investor KYC/AML, Compliance or Corporate Services would be helpful
• Experiences in client facing roles or sitting in the first line of defense would be an advantage

FATCA (Foreign Account Tax Compliance Act) Standpoints:

• Maintain records of FATCA Tracker and forms for each fund / investor(s).
• Review CRS Self Certification forms from 400 plus funds and multiple investor(s) that we provide FATCA service to identify their FATCA / CRS Classification.
• Assist and liaise with Client Services Team regarding FATCA documents as per required.
• Monitoring FATCA mailbox.

• Review statuses correspond to forms provided and review internal consistency of forms collected (e.g. incomplete or missing sections).
• Verify declared status on form is consistent with AML documents.
• Validate GIINs provided by investors against IRS published information and flag any that cannot be verified for query or follow-up.
• Enter and check reportable / non reportable status of each investor based on whether investor or their Controller is Specified Person for the reportable jurisdiction.
• Provide guidance regarding FATCA and CRS regulatory deadlines.
• Monitoring of local regulations, deadlines, and FATCA / CRS regimes.
• Work closely with different jurisdictions to ensure the filing of regulatory reports are met.

All your information will be kept confidential according to EEO guidelines.

#LI-REMOTE

Salary based on experience and location ($65,000-$80,000) and full benefit package offered.