Financial Crimes Analyst - Associate

About the role

We exist to make investing in the private markets as easy as Robinhood did for public stocks.More and more people invest in private equity and venture capital every day. Even though this asset class has been around for decades, it wasn't built to handle this volume of investors. Signing up for Robinhood? It takes 2 minutes. Investing in a VC fund? You've got to fill out a 200-question questionnaire each time that you make an investment. The forms aren't standardized and not every question applies to every investor. Investors miss questions or answer the wrong ones and then have to redo the entire thing.We built a TurboTax-style workflow for investors to only see the questions that matter to them and see every question that matters to them to make fund closing (i.e. the process of investing into a private fund) easy. Our world record document completion time is 6 minutes.

The impact you’ll have

We’ve had a lot of success innovating the onboarding process for investors and now we are looking to do the same thing for AML. You’d be an early hire on the AML team who will focus on providing confidence assurance to our clients they are in compliance with regulatory requirements. We’re looking for people that can grow with us and assist us with expanding our AML business. Our goal is to make our customers love us and their investors recommend us.

Responsabilities

• Conduct anti-money laundering due diligence screening on entities and individuals


• Propose risk ratings based on anti-financial crime factors (i.e., customer type, geography, etc.)


• Escalate high risk factors to the Head of Financial Crime for further review and Enhanced Due Diligence


• Draft and update anti-financial crime policies and procedures


• Provide feedback to product management and engineering to help improve Passthrough for internal and external users.

Qualifications

• Self-starter and self-motivated to hit deadlines without micromanagement


• Prior anti-financial crime experience with a regulated institution (i.e., Financial Institution, Broker Dealer, RIA, etc.)


• Strong knowledge of the Bank Secrecy Act, Anti-Money Laundering Act of 2020, Cayman Islands Anti-Money Laundering Regulations, Investment Company Act of 1940 and Securities Act of 1933


• Familiarity with due diligence screening tools (i.e., ComplyAdvantage, LexisNexis, World-Check, etc.)


• Certified Anti-Money Laundering Specialist certification is a plus, but not required

We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office 3 days a week with the flexibility to work remotely 2 days.

Benefits

iCapital offers a comprehensive benefits package that includes a total compensation program consisting of competitive salary, annual performance bonus, and equity for all full-time employees; healthcare with 100% employer-paid health and dental insurance.

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