Vice President, Global Financial Crime Compliance, Australia
Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power... more info
Financial Crime Compliance, Vice President
Salary:
150.00 - 200.00
Posted:
04-02-2025
Category:
Corporate Finance Strategic Planning, Public Sector, Administrat
Sydney,
Job Description
You will need to login before you can apply for a job. Sector: Banking and Financial ServicesRole: C-suiteContract Type: PermanentHours: Full Time About this role Legal and Compliance at BlackRock BlackRock's Global Compliance Department protects BlackRock's reputation and provides advice to the business focused on ensuring the protection of our client's best interests. The department is a dynamic environment with the team focused on understanding evolving business strategy, challenging and advising on the impact of regulation in our business, with the objective of: Actively participating in business decisions to champion our clients' interests and assist the business in translating Compliance into their daily work and decision making; Putting client interests at the center of everything we do; Cultivating and enhancing BlackRock's compliance culture; Providing thought leadership on the impact and implementation of regulation to our business and to the market; Developing and fostering excellence within the Compliance team. Role Description: This is an APAC regional role, with a primary focus on Australia and New Zealand. The individual will operate across a broad range of financial crime risks, including money laundering and terrorist financing, sanctions, bribery and corruption, and fraud.This role will support all business areas of BlackRock, notably including alternative assets. The candidate will report into the APAC Head of Financial Crime and will be responsible for delivering a financial crime strategy and framework in relation to all four financial crime risks articulated above, which is consistent with the global BlackRock framework. This individual will work with the broader APAC Financial Crime team, based in Hong Kong and Taipei together with Australia Head of Compliance to help support them in their relevant AML and financial crime regulatory responsibilities. Key Responsibilities: Work closely with the APAC Head of Financial Crime to enhance the framework in relation to managing the risks of money laundering sanctions, fraud, and bribery and corruption to ensure the business is compliant and meeting its fiduciary duties in Australia and New Zealand and, to a lesser extent, the wider APAC region. Coordinate with the Global Risk leads and Australia Head of Compliance as necessary on the compliance risk framework priorities and oversee required regulatory change management processes in Australia and New Zealand, as well as the region more broadly. Provide advice on the management of the four risks in relation to BlackRock's infrastructure, private credit, real estate, and private equity investing strategy in the APAC region. Oversee on a regional basis key transfer agent relationship for BlackRock's APAC based private funds. As a result of the GIP acquisition and integration of that business assist in ensuring the global and Australia financial crime framework is implemented in an adequate manner and provide oversight and monitoring of the framework as it applies to the GIP business. Act as the designated AML officer of BlackRock's legal entities in Australia and New Zealand, including supporting audit and regulatory inspections for the Australia and New Zealand businesses and reporting to internal governance bodies. Produce regular management information for both the APAC Head of Financial Crime and the APAC boards and committees, including structured quarterly reporting and appropriate annual reports on the risk framework. Provide clear technical advice, guidance, and training on all four risk areas to members of the business. Undertake monitoring, in line with the agreed APAC program, to ensure continuous review and monitoring of the financial crime risks associated with internal and external delegates and relevant service providers. Act as the primary regional escalation point of contact for complex transactions and high-risk client onboardings involving private funds. Partner with Legal to assist in oversight and compliance with financial crime requirements. Form strong relationships with key individuals within the business, compliance, and operations. Knowledge/Experience: The successful candidate should have 7+ years of experience in Financial Crime Compliance risk management at other financial institutions or consulting firms; experience working as an AML Officer in asset management firms is a strong advantage but is not essential. Considerable knowledge of Financial Crime regulations, financial services, and regulatory trends that impact the Asset Management industry in APAC, its products and/or its underlying institutional and corporate client base. The successful candidate should be experienced in policy and procedure writing and be confident in performing risk assessments and creating a monitoring program. A strong understanding of the requirements of an Australian based asset management program and an ability to manage change due to new regulations is advantageous. Strong working knowledge of Australian, EU, and OFAC Sanctions; together with an understanding of Fraud and Anti-Bribery and Corruption, including the FCPA and UKBA, is a plus. Proven ability to enhance and manage a compliance program. Experience managing or participating in supervisory exams would be an advantage. Have a proactive approach to business issues, identifying areas of improvement and enhancement including the automation of processes. Excellent communication, judgment, and business partnership skills, including working as part of a global team in a fast-paced environment. Our benefits To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about. Our hybrid work model BlackRock's hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person - aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock. About BlackRock At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children's educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress. This mission would not be possible without our smartest investment - the one we make in our employees. It's why we're dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive. For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law. Company About Us BlackRock’s purpose is to help more and more people experience financial well-being. We serve pension plans providing for nurses, teachers, firefighters, law enforcement and other public and private sector workers, individual investors investing for their own retirement, and institutions such as governments, foundations and insurance companies. Clients turn to BlackRock for the innovative solutions they need when planning for their most important goals. We are passionate about helping those we serve build a strong financial future, so we seek out a diverse range of perspectives and talents to solve their most complex challenges. While our firm has offices across more than 30 countries, we operate as "One BlackRock:” our people thrive on collaboration, mutual trust and respect, and we inspire each other to collectively raise our game. BlackRock is dedicated to its principles, which include a culture of equity and inclusion, where employees can bring their full selves to every conversation, every day. Our employee networks Our global networks are dynamic communities built on shared experiences, intersectionality and allyship. They are culture carriers for the firm, offering employees and allies the opportunity to enhance and shape the inclusive culture to which we aspire. Employee networks are sponsored by senior leaders and are proudly designed by employees, for employees. The Ability & Allies Network (ABN) provides a sense of community, advocacy, resources and support for all types of disability-related issues within the firm. Awards: 2022 Disability:IN Disability Equality Index BlackRock was recognised as one of the Best Places to Work for Disability Inclusion after scoring 100% on the Disability Equality Index. The index is a joint initiative between the American Association of People with Disabilities and Disability:IN that helps companies build a roadmap of measurable, tangible actions that they can take to achieve disability inclusion and equality. Glassdoor Best Places to Work 2022 – US & UK This recognition is a result of the feedback provided by current and former colleagues about their experiences working at BlackRock. Ranking #72 in the US and #12 in the UK. #1 Capital Markets Industry 2023 BlackRock was named one of America’s Most JUST Companies for the 3rd consecutive year, according to Forbes and JUST Capital. We ranked #1 in the Capital Markets industry. The 2023 list of America’s Most JUST Companies celebrates U.S. corporations that outperform their peers in the Russell 1000 on the priorities of the American people – including issues like fair pay, ethical leadership, good benefits and work-life balance, equal opportunity, customer treatment and privacy, community support, environmental impact, and delivering shareholder return. By balancing the needs of all stakeholders, JUST 100 companies demonstrate that profits and purpose can go hand in hand. #J-18808-Ljbffr
Job Details
Salary: 150.00 - 200.00
Posted: 04-02-2025
Category: Corporate Finance Strategic Planning, Public Sector, Administrat
Sydney,
