AML - Associate

at iCapital (View all jobs)
Greenwich, CT, United States

iCapital 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 $159 billion in global client assets invested in 1,288 funds, as of May 2023.

iCapital has been named to the Forbes Fintech 50 for six consecutive years (2018 - 2023); a back-to-back selection by Forbes to its list of Best Startup Employers; and a two-time winner of MMI/Barron's Solutions Provider award (See link below).

About the Role

iCapital is looking to hire an AML Associate to join the Compliance team. The ideal candidate will help administer iCapital's Anti-Money Laundering (AML) compliance program. This role will 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 2-5 years of AML/KYC onboarding or screening experience in the financial services or 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

The base salary range for this role is $85,000 to $115,000. 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. We offer most employees the flexibility to work in the office three or four days. Every department has different needs, and some positions will be designated in-office jobs, based on their function.

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.

iCapital is the leading global fintech company and has transformed how wealth management and asset management companies access private markets for clients. We do this through intuitive, end-to-end technology that provides education about private investments and analytical tools to evaluate them.