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Manulife · 2 months ago

Director, GWAM Financial Crime Compliance, North America Lead

Boston, Massachusetts

Full-time

Hybrid

Mid, Senior Level

CAD$125K/yr - CAD$175K/yr

5+ years exp

Manulife is a leading international financial services provider committed to integrity and compliance in financial crime prevention. The Director for Financial Crime Compliance will oversee compliance programs in North America, manage AML, CTF, and ABC frameworks, and serve as the primary contact for compliance queries.

FinanceFinancial ExchangesFinancial Services

Responsibilities

Provide comprehensive quarterly management information reporting to Local Board of Directors and the Head of Global Financial Crime Compliance, ensuring timely and accurate analysis of compliance performance and risk exposure in North America

Oversee the implementation and management of the AML/CTF/ABC Risk Management Framework, including: Annual Management Company AML Policy and Annual Maintenance Gap Analysis. Annual Business Risk Assessment. Annual Fund Director AML Training Program and Records Management. Annual AML Delegate Due Diligence Oversight. Ongoing Monitoring and Registers of High-Risk Investors and Annual Monitoring Programs. Registration with GoAML/FIU/National Competent Authorities. Responsibility for Sanctions Compliance and Submission Appointment as MLRO

Conduct regular risk assessments to evaluate potential GWAM financial crime risks within North America, ensuring implementation of appropriate controls and mitigation strategies

Develop and deliver a comprehensive AML training program for key personnel, ensuring alignment with the latest regulatory changes and compliance obligations

Oversee all GWAM AML delegates for the funds under management of the management companies, ensuring compliance with Manulife's standards and regulatory expectations

Consistently review AML/CTF policies and desk procedures to comply with relevant regulations

Serve as the primary contact with local authorities and regulators in North America, ensuring open communication and timely responses to inquiries and regulatory requirements

Conduct annual reviews and horizon scanning of local regulatory AML programs, policies, and procedures

Analyze rules affecting the Management Company/AIFM business and monitor regulatory and financial crime-related legislative changes

Oversee the North America GWAM AML Program activities, acting as the first point of escalation for any AML-related issues from administrators, the Board, the company's investment manager, and distributors

Develop and maintain strong relationships with key industry participants and stakeholders to stay informed of best practices and industry developments

Review and update AML/CTF policies and procedures to ensure compliance with relevant regulations and alignment with Manulife's global standards

Review key performance indicators received from administrators, distributors, and investment managers

Engage with Business Unit Compliance Officers to identify and assess suspicious transactions, conduct thorough investigations, and recommend appropriate remediation actions

Qualification

AML ComplianceFinancial Crime Risk ManagementRegulatory EngagementC-Suite ReportingProject ManagementAnalytical SkillsRegulationsCommunicationTime ManagementConflict ResolutionTeam Collaboration

Required

Bachelor's degree or equivalent experience is required

Self-starter with clarity of analysis and expression, both written and oral

5-10 years of experience in asset management, fund administration, or relevant areas of financial services

Excellent personal time management skills, with the ability to work on own initiative and collaboratively to meet global organizational goals

Ability to project manage a portfolio of appointments, such as Collective Investment Schemes, ManCo, or group appointments

Prior experience in preparation and presentation of C-Suite executive reporting

Excellent communication skills, both written and verbal, with the ability to communicate precisely with senior executives

Ability to exert influence, arbitrate, and resolve conflicts between internal and/or external stakeholders

Ability to understand and interpret relevant law and regulations and assess their interdependence

Knowledge of complex distribution structures would be an advantage

Strong project and time management skills with the ability to multitask and work well under pressure

Preferred

AML-related qualification (e.g., ACAMS, ACOI/CI, QFA, ICA, CFCS, FIS)

Benefits

Health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans

Various retirement savings plans (including pension and a global share ownership plan with employer matching contributions)

Financial education and counseling resources

Generous paid time off program in Canada includes holidays, vacation, personal, and sick days

Full range of statutory leaves of absence