Principal, Head of Financial Crimes Prevention
Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.
The Ares Legal & Compliance Department oversees and manages Ares’ global Legal, Regulatory and Compliance functions and programs. Under the leadership of the Global Chief Compliance Officer, the Compliance and Regulatory functions are comprised of teams that operate collaboratively with a global focus, including Regulatory, which oversees all global regulatory matters including the Advisers Act, Investment Company Act and FINRA; European and Asia Pacific Compliance, which oversees region-specific compliance and regulatory matters; Corporate Compliance, which administers global policies and central compliance and oversight functions; and Financial Crimes, which oversees Ares’ adherence to financial crimes-related rules and regulations.
Ares is seeking a Principal to join our Compliance team to serve as its Head of Financial Crimes. The ideal candidate will be responsible for ensuring that all Ares’ activities follow the necessary global financial crimes (anti-corruption, AML/KYC and sanctions) rules and regulations. The candidate will draft, maintain and advise on the Firm’s global financial crimes policies and procedures, including third party risk management, transactional due diligence, new business transactions, joint ventures and hiring practices with an opportunity to serve as the Firm’s MLRO.
REPORTING RELATIONSHIPS AND LOCATION
Reports to: Partner | Chief Compliance Officer
Supervises: will manage 3+ team members directly + matrixed oversight/partnership globally
PRIMARY FUNCTIONS AND ESSENTIAL RESPONSIBILITIES
Specific responsibilities include, but are not limited to:
Serve as the primary subject matter expert in the financial crimes space and main interface point with internal and external stakeholders in assessing and explaining our related compliance risk and control environment
Lead the strategy, implementation, and execution of Ares’ Financial Crimes Program to ensure internal and external stakeholders adequately mitigate financial crimes risks across Ares’ global operations
Develop and maintain global program training and testing materials including development of business unit specific content and ad-hoc training, as necessary
Work with leaders throughout the enterprise to oversee the global team’s timely identification, resolution, and, as appropriate, escalation of any issues to the Chief Compliance Officer, Chief Regulatory Officer or General Counsel, as applicable
Coordinate risk-prioritized execution of Ares’ ongoing AML-CTF testing and risk assessments
Review and respond to the results of the global testing and audits that cover the AML-CTF program
Regularly liaise with Legal, Regulatory and Compliance partners globally in connection with the development and operation of the program
Work collaboratively across the senior leadership team and functional teams within the Legal and Compliance Department as well as Investor Relations and Relationship Management to ensure effective and efficient operations with clearly defined roles and responsibilities in connection with the global Financial Crimes programs
Liaise with regulators and supervisors in connection with the global program and related regulatory issues
Drive collaboration and efficiency across multiple teams globally
Build strong partnership with Investment Teams, Technology, Internal Audit, Enterprise Risk, Information Security and other stakeholders in connection with the global Financial Crimes programs
Bachelor’s Degree required
Master’s Degree or Juris Doctor a plus
7+ years of Finance industry experience in Legal and Compliance
10+ years of Finance industry experience including strong knowledge of anti-corruption laws development of program training, policies and procedures
Detailed knowledge of relevant regulatory requirements, including comprehensive understanding of sanctions as well as proposed rules including (but not limited to) FCPA, USA PATRIOT Act, Bank Secrecy Act, FACTA, and FATF
Proven ability to develop long-term strategy, reflecting multiple dimensions (business compliance/controls, people and culture) and supporting multiple objectives
Proven people leader with previous team management experience – hiring, developing and fostering talent; building high-performing teams; driving change across scaled and global teams
Exceptional critical thinker
Strong business judgment
Strong management skills, including proven experience of managing and/or collaborating with teams in remote locations to ensure efficiency, effectiveness and high level of supervisory oversight
Ability to be flexible in terms of hours in order to coordinate with team members across time zones
Strong sense of ownership and accountability
High accuracy and detail orientation
Ability to multi-task and prioritize deadlines; results oriented
Excellent communication and client service skills; capability of interacting with key stakeholders to direct prioritization of program-related activity
Experience and ability to proactively identify and analyze problem situations to develop an effective course of action for resolution
Ability to work independently within a fast-paced environment (with a hands-on approach)
Comfort in dealing with ambiguity and uncertainty in a dynamic environment
An analytical mind and a passion/interest in bringing new ideas to increase efficiency of existing processes
Dependable, great attitude, highly motivated and a team player
Ability to handle confidential information appropriately
Reporting RelationshipsChief Financial Officer, Credit
The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.
The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit.
Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.
There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.