AML & Sanctions Compliance Senior Manager


Company:: Macquarie
Location:: New York City, NY
Job Type:: Full Time
Category:: Accounting

Yrs of Exp:: 7+ to 10 years
Posted:: 2/12/2013

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Job Description

Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. We focus on areas of business where our particular skills and expertise deliver a real advantage for clients, concentrating resources where we can add the most value. Macquarie has been active in the United States for over a decade. Today we have more than 2,400 professionals in offices in 18 US locations. This team is complemented by the resources of Macquarie's international network of 13,400 people in 28 countries.

At Macquarie we offer you the experience and freedom to grow your career whilst making your mark within a highly successful organization. Key to our success is the entrepreneurialism we encourage in all our people. We give you the opportunity to progress your career as quickly as you can demonstrate your ability.

Macquarie's business is structured into six operating groups and four service groups.

Macquarie Compliance is a division within Macquarie's Risk Management Group that provides compliance support and advice to Macquarie's operating businesses, assisting them globally to manage their compliance risks.

The Compliance division has an opportunity for a AML and Sanctions Compliance Senior Manager to join the team in either Toronto or New York and report directly to the Americas AML & Sanctions Director (who is based in New York).

Americas AML & Economic Sanctions Compliance

The AML & Economic Sanctions Compliance team sits within RMG Compliance and directly supports Macquarie's AML and sanctions compliance activities in the Americas region.

This role will primarily support all of the Macquarie businesses operating in Canada. This includes: Macquarie Private Wealth Management Inc. (MPWI), Macquarie Private Wealth Management Corp. (MPWC), Macquarie Capital Markets Canada Ltd. (MCMCL), Macquarie Capital Markets North America (MCMNA), Macquarie Financial Ltd (MFL), and Macquarie Global Investments Canada (MGI).

You will be responsible for:

Strategic and tactical AML and sanctions compliance support to relevant businesses (e.g., enhancing compliance framework, providing guidance in resolving compliance and audit issues).
Completion of periodic business unit risk assessments.
Development, implementation and updating of country-wide and reporting entity policies and procedures for jurisdictional-specific requirements.
Development and delivery of an ongoing AML and sanctions employee training program (e.g., new starter, annual refresher, and supplemental / roles-based).
Routine and ad-hoc compliance reporting (e.g., high-risk accounts, SARs/STRs filed, number of PEP relationships, number of sanctions matches).
Development and execution of an annual compliance testing or quality assurance (QA) plan.
Advice on all AML, sanctions, and other financial crime-related matters.
Participate on global or enterprise-wide AML and sanctions risk management initiatives.

Key Skills

Possess strong communication and relationship building skills.
Highly motivated self starter with ability to work both independently and within a regional team framework.
Able to manage multiple projects simultaneously in a high pressure environment.
Tenacity to see things to completion.
Able to maintain strong attention to detail coupled with a sense of urgency
Commercial astuteness.

To be successful in this role you will have:

8-10 years of experience in the AML and sanctions subject matter.
Robust understanding of Canadian AML/ATF regulations and economic sanctions requirements.
Familiarity and experience with US AML and sanctions requirements is also preferable.
Experience in managing money laundering risk within private wealth management businesses, institutional businesses, and trading / investment banking products.
Experience in dealing with regulatory authorities (preferably US and Canadian).

Functional Relationships - Internal and External