Company Description
IQ-EQ is a leading Investor Services group which combines global expertise with an unwavering focus on client service delivery.
We support fund managers, global companies, family offices and private clients operating worldwide.
**Job Description**:
**Responsibilities (how we will measure success)**
The successful incumbent will be an extension of the first line of defense within US, with a focus on providing quality KYC & CDD work on both clients and investors.
The tasks will be completed in accordance with internal AML/CFT policies and procedures, as well as international and domestic AML/CFT regulations and guidelines, across a wide spectrum of service offerings, which include Funds & Institutional, Debt, Capital Markets & Corporate, and Private Wealth.
- Perform AML/KYC onboarding & periodic reviews on clients and investors in accordance with scheduled cycles ensure compliance with OFAC, FinCEN and FINRA AML/CFT regulations.
- To conduct name screening, review of due diligence documents, and risk assessments within established timelines.
- To review source of wealth & funds background of clients and investors in line with regulatory requirements.
- To ensure KYC documents are up to date and properly recorded.
- To provide independent recommendations to mitigate the identified risks across the existing client & investor book where necessary, and/or be responsible for escalating the findings to the necessary stakeholders.
- To assist the wider US Teams with managing client data and trackers to see through completion of full cycles.
- To perform management reporting on key statistics and status updates in an efficient manner.
- Be the point of contact for clients to collect due diligence documents in relation to the fund's investors periodic review and provide timely response to client.
- To assist and support the team in administrative tasks where required.
- Support the department as required within the confines of role.
- Undertake any additional reasonable duties as required the Firm
FATCA (Foreign Account Tax Compliance Act) Standpoints:
- Maintain records of FATCA Tracker and forms for each fund / investor(s).
- Review CRS Self Certification forms from 400 plus funds and multiple investor(s) that we provide FATCA service to identify their FATCA / CRS Classification.
- Assist and liaise with Client Services Team regarding FATCA documents as per required.
- Monitoring FATCA mailbox.
- Review statuses correspond to forms provided and review internal consistency of forms collected (e.g.
incomplete or missing sections).
- Verify declared status on form is consistent with AML documents.
- Validate GIINs provided by investors against IRS published information and flag any that cannot be verified for query or follow-up.
- Enter and check reportable / non reportable status of each investor based on whether investor or their Controller is Specified Person for the reportable jurisdiction.
- Provide guidance regarding FATCA and CRS regulatory deadlines.
- Monitoring of local regulations, deadlines, and FATCA / CRS regimes.
- Work closely with different jurisdictions to ensure the filing of regulatory reports are met.
**Qualifications**:
**Key competencies for position and level**
- Strong analytical skills with excellent attention to detail
- Results oriented and ability to multitask and manage high volumes of priorities in a fast-paced environment
- Resourceful with good verbal and written communication skills
**Essential Criteria**
- Bachelor's degree in Law, Accounting, Finance, or equivalent fields
- At least 1-3 years' experience in KYC/AML roles, Client Onboarding, Periodic Risk Reviews and Remediation Process, AML/CFT Compliance or related function
- Proficiency in English written and verbal communication
- Ability to work under pressure in a fast-paced environment
- Amenability to work on a graveyard schedule following the US time zone (9pm to 6am MNL)
**Desired Criteria**
- Strong MS Office skills (especially Excel)
- Professional Certifications in Anti-Money Laundering (such as ICA or ACAMS) is not mandatory but would be an advantage
- Some knowledge on Fund Administration, Investor KYC/AML or Corporate Services would be helpful
- Experiences in client facing roles or sitting in the first line of defense would be an advantage
Additional Information
At IQ-EQ we want you to reach your full potential.
We offer an inclusive and diverse environment to support your career aspirations.
With a strong emphasis on continuous learning and a holistic approach to your professional and personal development.
We also offer opportunities across our service lines and our international network of offices.