Senior Associate, Operational Diligence
About The Position
For over forty years, HarbourVest has been home to a committed team of professionals with an entrepreneurial spirit and the drive to deliver impactful solutions to our clients and investing partners. As our global firm grows, we continue to add talented individuals who seek a collaborative, open-door culture that values diversity and innovative thinking. In our collegial environment that’s marked by low turnover and high energy, you’ll be inspired to grow and thrive. Here, you will be encouraged to build on your strengths and acquire new skills and experiences. We are committed to fostering an environment of inclusion that promotes mutual respect among all employees. Understanding and valuing these differences maximizes the potential of both the individual and the firm HarbourVest is an equal opportunity employer. We are hiring a Senior Associate, Operational Diligence to support the firm ‘Know Your Investment’ (KYI) program in Boston. This person will report to the Assistant Director, Operational Diligence (Boston) and will be responsible for conducting research, analyzing financial crimes risk, completing risk assessments, and presenting findings to investment teams. The role will work closely with the investment teams, legal and compliance teams, other Operational Diligence team members, as well as other operational teams within the firm. This position will be a hybrid work arrangement. You will receive 18 remote workdays per quarter to use at your discretion, subject to manager approval. For example, you may choose to work in the office 4 days per week and take one remote day weekly (typically 13 weeks per quarter), leaving 5 additional remote days to be used as needed.
Requirements
- 5+ years of experience in/with Financial Crimes, Anti-Money Laundering Investigations (AML), Bank Secrecy Act (BSA), Office of Foreign Asset Control (OFAC), or Operational Risk experience.
- Public record investigation experience of criminal/civil records and knowledge of due diligence databases
- Strong analytical and critical thinking skills; with the ability to work independently and multi-task
- Adept at knowing when to raise issues to the accurate parties and follow process protocols consistently
- Strong documentation skills and able to maintain data and supporting information well-organized and up to date
- Well organized and detail oriented; ability to complete with accuracy
- Strong interpersonal and communication (verbal & written) skills; proven ‘customer service’ skills
- Ability to interact across departments and establish relationships to source requisite information and documentary evidence
- Proficient in MS Office (Word, Excel, and PowerPoint); and other web-based applications
- Positive team-oriented demeanor
- Bachelor’s Degree (or equivalent) in business, accounting, or criminal justice
Responsibilities
- Complete Risk Assessments to generate an accurate evaluation of the financial crimes risk present within an investment
- Review screening results for AML, Politically Exposed Persons (PEP), economic sanctions, and other types of negative news alerts
- Manage relationships with and review and assess analysis from vendors or third parties
- Exercise critical thinking and critical decision-making skills to efficiently and effectively determine whether further investigative and analytical activity is required
- Build strong working relationships with investment and operational teams within HarbourVest and raise issues as necessary
- Work closely with the Financial Crimes team, to discuss and report issues related to anti-money laundering, economic sanctions, foreign corruption, fraud, and other related areas
- Adopt technology and employ lessons learned to help improve KYI process and increase efficiency
- Assist with development, maintenance, and presentation of Key Performance Indicators and Key Risk Indicators
- Review existing KYI processes, policies and procedures, and find opportunities for process improvement and increased efficiency
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
501-1,000 employees
