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Client Service Compliance Specialist

McKinsey & Company

McKinsey & Company

This job is no longer accepting applications

See open jobs at McKinsey & Company.See open jobs similar to "Client Service Compliance Specialist" ASU+GSV Summit.
Customer Service, Legal
Atlanta, GA, USA · Brussels, Belgium · Chicago, IL, USA · Dallas, TX, USA · Dublin, Ireland · Lisbon, Portugal · Madrid, Spain · United States
Posted 6+ months ago
Risk & Compliance

Client Service Compliance Specialist

In this role, you will carry out due diligence on new clients, third parties, and partnering firms.

Who You'll Work With

You will be based in a McKinsey office in the US or Europe, supporting the Regulatory team within the Client Service Compliance Center of Excellence (CoE).
In this role, you will report to the director of the CoE. You will also be a member of McKinsey’s Ethics & Compliance (E&C) group, whose mission is to enable McKinsey’s client impact and innovation, while managing risks to the firm, our clients, and our people. The E&C function is a globally integrated team within the second line of defense of the firm.

What You'll Do

Your research will inform decision making on who the firm serves and who it partners with to carry out its work. You will also assist in the sanction screening process for all counterparties the firm interacts with. You will provide subject-matter expertise and support related to OFAC and other country sanctions programs, as well as U.S. export control laws and regulations. In doing so, you will be responsible for identifying, clearing and (where appropriate) escalating potential issues to mitigate risk to the firm.
You will serve as an in-house expert on sanctions and regulatory risks and play an important role in further developing the CoE’s capacity to effectively analyze those risks. You will work autonomously on diligence and regulatory cases/alerts, knowing when to seek advice and counsel from colleagues. You will collaborate with Client Service Risk colleagues to brief findings on matters requiring higher-level risk reviews. You will also inform decision making through a nuanced understanding of regulatory, economic, geographic, and political issues that impact the firm’s engagements.
You will perform compliance reviews and investigations, identify sanctions, regulatory, and reputational risks or concerns, and propose remediation solutions. You will conduct media and database research using complex search criteria and following a strict methodology within short timeframes with minimal oversight.
You will support onboarding and continuous monitoring requirements, assessing various types of local public record information in your respective region. You will then analyze search results within the context of the engagement and the relevant country. You will distil conclusions and identify indirect connections from research findings. You will then draft reports that assess complex and higher risk issues to inform decision making by senior stakeholders.
You will play an important role in evolving and ensuring the effectiveness of the firm’s diligence/screening processes globally, while also supporting efforts to ensure compliance with relevant firm policies, systems and processes. In this capacity, you will also help to develop and refine regional research methodologies.
In addition, you will support compliance initiatives, including policy and procedural refinements and workstreams, to continually improve the firm’s capabilities. And finally, you will train and develop more junior colleagues on assessing and analyzing regional risk issues.

Qualifications

  • Bachelor’s degree required. Advanced degree with a focus on regional political and/or economic issues preferred
  • Specialized compliance training or certification such as: ACAMS, ICA, CGSS, ACSS, CFE, etc. is a strong plus
  • 5+ years of experience in due diligence or compliance analysis is highly preferred
  • Minimum of 3 years in related industry such as, but not limited to, financial services, law firms, regulatory agencies, major consulting firms
  • 3+ years of work experience in any of the following areas is highly preferred: sanctions risk management, KYC, AML/BSA, and/or other enhanced due diligence areas
  • Strong understanding of US, UK, and EU administered economic sanctions and export controls regulations is required
  • Expert knowledge of regulatory, political, operational, and commercial trends
  • Excellent report writing skills with the ability to analyze and summarize complex information within strict timelines
  • Proven track record of developing and mentoring more junior colleagues
  • Experience with risk-related databases and technology solutions
  • Experience working with external vendors to support research needs
  • Knowledge of research techniques, databases, accessing regionally relevant public records and archives, and wider online research in local language
  • Capacity to work effectively in a fast-paced environment, with the ability to prioritize and balance competing, time-urgent demands
  • Advanced knowledge of Microsoft Office (PowerPoint, Excel, Word)
  • Fluency in English
Capabilities

FOR U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by applicable law.

Certain US states require McKinsey & Company to include a reasonable estimate of the salary range for this role. A reasonable estimate of the range for new joiners for this role in the United States is $113,800 - $152,300. Actual salaries may vary and may be above or below the range based on various factors, including, but not limited to an individual's assigned office location, experience and expertise. Certain roles are also eligible for bonuses, subject to McKinsey’s discretion and based on factors such as individual and/or organizational performance.

Additionally, McKinsey offers a comprehensive benefits package, including medical, dental and vision coverage, telemedicine services, life, accident and disability insurance, parental leave and family planning benefits, caregiving resources, a generous retirement program, financial guidance, and paid time off.

FOR NON-U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity employer. For additional details regarding our global EEO policy and diversity initiatives, please visit our McKinsey Careers and Diversity & Inclusion sites.

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Job Skill Group - N/A
Job Skill Code - ECS - Compliance Specialist
Function - Risk & Resilience
Industry -
Post to LinkedIn - Yes
Posted to LinkedIn Date - Mon Jul 17 00:00:00 GMT 2023
LinkedIn Posting City - Atlanta
LinkedIn Posting State/Province - Georgia
LinkedIn Posting Country - United States
LinkedIn Job Title - Client Service Compliance Specialist
LinkedIn Function - Administrative;Legal;Project Management
LinkedIn Industry - Legal Services;Management Consulting
LinkedIn Seniority Level - Associate

This job is no longer accepting applications

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