HC Global Fund Services, LLC | Full time
AML Associate Director Makati, Philippines | Posted on 01/31/2024
HC Global Fund Services, LLC ("HC Global") is aprivately owned fund administrator serving fund managers and investmentadvisors in the alternative investments industry.
Job Description Duties and Responsibilities: Handles/Reviews subscription documents/redemption notices and transfer requests received from investors;
Performs/reviews Know Your Client (KYC) and Anti-Money Laundering (AML) procedures in accordance with the Firm's policies and the jurisdiction of the fund;
Ensures that the potential investor is not considered high risk by checking the US Office of Foreign Assets Control (OFAC) List;
Ensures that the potential investor does not have any financial crime by running the World Check software;
Discusses the results with the Firm's Compliance Officer and communicates directly with investors and investment managers;
Thoroughly reviews related reports to ensure accurate and timely submission of FATCA requirements;
Conducts training on AML, KYC, CRS, FATCA and related regulatory and Firm policies and procedures;
Comply with regulatory requirements, company and group policies; maintain compliance awareness.
Escalate issues to the Risk Management Head and provide risk evaluation if need be;
Conducts audits of policy and compliance to standards with internal and external auditors;
Directly deals with investment managers, custodians, lawyers, auditors and investors;
Reviews the redemption notices and ensures that the redemption is within the terms of the limited partnership agreements and approved by the investment management/general partner;
Perform a verbal confirmation for any redemption notices received verifying the amount, date of redemption and wiring instructions;
Coordinates with the Fund Administration Team and Treasury Team for any new monies or redemption notices received;
Identifies opportunities to improve processes within the Investor Relations department;
Ensures tasks and any pending matters from investors are being monitored regularly to ensure outstanding work and timely turnaround;
Writes or amends procedure manuals where applicable;
Oversees completion of ad hoc projects within the team;
For Cash Management, reviews all cash disbursement received from the Fund Administration or from the fund managers;
Coordinates any payments scheduled to be made with the respective Director of the Fund Administration Team to ensure that payments are valid and amounts are accurate;
Reviews the wires entered by the team and ensures that the information on the wires are the same with the wiring instructions received.
Requirements Job Specifications: Graduate of any Business-related courses;
5 or more years' experience and knowledge in AML/KYC with Fund Services (Review of AML documents and requirements / World Check Screening/strong knowledgeable of Risk Based Approach Methodology);
Strong Leadership and Communication skills;
Provide performance feedback and be able to continuously evaluate resources needed by the team;
Keen to details and strong critical thinking analysis.
Able to work in a fast-paced environment, with high volume of work;
Strong interpersonal skills with exemplary work ethic and behavior;
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