Vice President, Compliance

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Vice President, Compliance Apply locations Arlington, VA time type Full time posted on Posted Yesterday job requisition  R6061Over 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.

Job Description

The Ares Compliance Department oversees and manages Ares’ global regulatory compliance and ethics program. Under the leadership of the Global Chief Compliance Officer, the Compliance Department is comprised of functionally aligned teams that operate collaboratively based on the Firm’s overall structure and include the following:

• Investment Advisory, which oversees implementation of the Advisers Act, regulatory reporting, and administers the Code;

• Control Room, Conflicts and Trading, which oversees the regulations and guidelines applicable to trade surveillance, the handling of Material Non-Public Information, and conflicts;

• Marketing and Distribution, focusing on global marketing regulations as well as compliance for Ares’ registered broker-dealers;

• Regulated Funds, which oversees the compliance for advised and sub-advised registered funds and public companies;

• Financial Crime Prevention, which develops and administers Ares’ global program for anti-money laundering and counter-terrorism financing, economic sanctions, and anti-corruption (together, the “FCP Program”); and

• European and Asia Pacific compliance, which oversees region-specific compliance programs and regulatory matters.

Ares is seeking an experienced, highly organized and proactive Vice President to join the Financial Crime Prevention team focusing on counter party Know Your Customer (“KYC”) processes and diligence. This individual will be responsible for managing the team while also performing KYC and assisting in the development, design and update of the related KYC policies and procedures.

Reporting relationships

Reports to
:
Head of Financial Crimes Prevention

Primary functions and responsibilities

The Vice President will play a critical role in the supervision, management and execution of the global KYC framework as well as managing a team performing KYC and providing oversight of third-party fund administrators and outsourced services providers supporting the KYC process. They will be primarily responsible for supervising the team, managing the financial crime risks identified through the KYC process, including evaluating documentation, screening results, and other information obtained regarding counter parties’ structure, business activities, source of wealth and funds, and other risk factors considering the Firm’s risk tolerance and relevant jurisdictional requirements.

Specific responsibilities will include but are not limited to:

• Conduct comprehensive counter party reviews, ensuring thorough analysis of all relevant documentation and KYC information

• Manage a team of professionals including acting as a subject-matter expert and thought leader, providing day-to-day guidance to the team performing KYC, assessing and communicating financial crime risks to senior management, and overseeing the quality of work product

• Provide expertise in counter party transactions, assessing financial crime risks associated with these deals and ensuring compliance with the Firm’s risk tolerance and jurisdictional requirements.

• Provide oversight of third-party fund administrators and other service providers supporting the KYC process

• Directly liaise with investment professionals, portfolio company representatives, internal deal counsel, external counsel, fund administrators and Ares internal constituents to ensure all relevant documentation and required information is obtained in accordance with the FCP Program

• Provide…