Description Director, AML/KYC and Sanctions
The Director will be responsible for designing and executing the global strategy for CME Group's Anti-Money Laundering (AML)/Know Your Customer (KYC) programs associated with the onboarding and monitoring of clients for regulated businesses, as well as the enhancement of the of global economic sanctions screening and analysis program. The Director will design, hire and lead a global team to operate these two programs, including colleagues based in London, Belfast and Bangalore.
The ideal candidate is an experienced subject matter expert in AML/KYC and sanctions, with multiple years' experience advising global, highly regulated businesses. The candidate should have practical, hands-on operational and technical experience in AML/KYC and sanctions, as well as designing compliance programs and investigating their breaches, with executive level decision-making and communications skills.
The candidate should be able to immediately execute on improvements to teams, processes and technology supporting AML/KYC and sanctions functions. The candidate should be adept at advising on risk-based decisions in the fields, making and providing practical and synthesized advice to the various regulatory entities in the Group in compliance with the complex international laws that apply. The candidate will have experience providing training, direction and guidance to colleagues who are not in the same geographic location or business area. Previous experience with a regulator or law firm is preferable but not required.
The role will be part of the leadership team of the Governance, Risk & Compliance (GRC) Department, support the overall CME Group Compliance and Ethics Program, and will provide thought leadership, advice, and guidance to other parts of the company, including business leaders, Transformation Management Office (TMO responsible for our Strategic Partnership with Google), Client Onboarding Teams, Third Party Risk Management (TPRM), Accounting, etc. The role can be based in Chicago, New York, or London.
Reporting lines will be determined based on the candidate's location, but the candidate will have direct responsibilities to support the Chief Compliance Officers and Money Laundering Reporting Officers of certain regulated businesses within CME Group. The candidate will work closely with the Global Chief Enterprise Risk & Compliance Officer. Principal Accountabilities include:
Skills and Software Requirements:
- Execution and reporting on Bank Secrecy Act, Anti-Money Laundering and Know Your Customer programs including monitoring and escalations, to meet regulatory and business requirements;
- Execution and reporting on a risk-based global sanctions screening and strategy program, including technology selection and implementation;
- Providing reasonable assurances to individuals appointed and designated as the AML Compliance Officers for CME Group's regulated businesses (including CME Group's BrokerTec and EBS cash markets businesses) that AML/KYC programs are designed and operating to comply with regulatory requirements;
- Partnering with the TMO, Operations and Technology teams to transform the Company's onboarding process, ensuring that applicable screening and AML/KYC technology is selected, implemented, and embedded into the Company's future state on the Google Cloud Platform;
- Partner with various teams and cross functional Divisions to develop, embed and continuously enhance AML/KYC and sanctions services in support of strategic programs and initiatives which are critical to the continued success of CME Group.
- Provide strategic direction for CME-wide client and counterparty onboarding services, including defining and setting processes and procedures, implementing metrics and tools to manage capacity, embed service level commitments and drive enhancements to simplify and streamline processes to enhance the client experience.
- Monitoring and communicating potential changes in applicable financial crime regulations and providing advice to the business regarding any such developments, including working with outside counsel and other experts to advise the company on its financial crime compliance obligations;
- Investigating allegations of financial crime misconduct or breaches of our financial crime compliance programs, in collaboration with Corporate Compliance, legal, HR and employment law colleagues;
- Partnering with Global Assurance (internal audit) to complete audits and remediate any findings;
- Leading the firm's industry and regulatory outreach on financial crime compliance;
- Providing reports to the Management Team, Risk Committee, Compliance and Ethics Team, ERM program and others on the Company's compliance with anti-financial crime laws and regulations;
- Assessing compliance system technology features/capabilities, data feeds and mapping, appropriate and customized usage, implementation gaps, identification of necessary controls, ensuring alignment to risk appetite, and identifying automated controls/processes;
- Supporting Corporate Compliance, as requested, with input on the Company's program to comply with anti bribery and corruption laws and assisting Corporate Compliance in p roviding information to clients and others on CME Group's financial crimes compliance program;
- Assisting with risk assessments and regulatory examinations where needed; and
- Educating and training internal staff on policy changes, new directives and spotting potential red flags or suspicious activity.
- At least 12 years' experience in financial crime compliance roles of increasing responsibility, including in highly-regulated environments or with a regulator.
- JD and law firm experience preferred but not required.
- Securities license (Series 7, 24, or 99) preferred but not required.
- Experience advising on design and operation of compliance programs, including development of policies and procedures, monitoring, and internal controls.
- Excellent analytical skills and the ability to discern the practical application of regulatory and legal requirements and communicate them effectively to executive leaders.
- Ability to communicate and influence assertively, clearly and concisely, both in writing and verbally; strong attention to detail and accuracy.
- Demonstrated ability to work effectively with cross-functional teams and ability to foster working relationships globally.
- Demonstrated ability to influence and provide guidance to colleagues of varying seniority who are not within the candidate's chain of reporting
- Highly professional in interactions, demeanor, and presentation.
- Confident and decisive in stressful situations and tight time frames; utilizes good judgment and demonstrates maturity, tact, and diplomacy; maintains confidences and utilizes the utmost in discretion.
- Solid project management skills (ability to manage several competing assignments and perform assignments accurately and in a timely manner).
- Knowledge of relevant applications (e.g., WorldCheck, Archer, MS Office, Excel, Visio, PowerPoint, MS Project) and ability to learn new software systems quickly.
CME Group: Where Futures Are Made
CME Group (www.cmegroup.com) is the world's leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career shaping tomorrow. We invest in your success and you own it, all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we're looking for more.