Compliance Manager / AML Officer - Transamerica Asset Management
Transamerica
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Benefits offered by this job
Job summary
Transamerica Asset Management, a division within Aegon Asset Management, seeks a Compliance Manager / AML Officer to support and manage comprehensive compliance programs across TAM and its funds.
In this role you will lead anti-money laundering initiatives, oversee service-provider compliance, and guide governance with strong regulatory knowledge, risk assessment, and clear communication across teams.
Qualifications
- Bachelor’s degree or equivalent experience required.
- 8+ years mutual fund and investment adviser compliance experience.
- Strong knowledge of Investment Company and Investment Advisers Acts.
- Experience with AML programs and regulatory risk management.
- Excellent written and verbal communication; strong analytical skills.
Responsibilities
- Contribute to development of policies and procedures for TAM funds and services.
- Provide compliance oversight of Transfer Agent and service providers.
- Serve as primary administrator of TAM’s Joint Code of Ethics.
- Lead AML program and oversight framework for investment companies.
- Oversee cross-department issue-resolution process as escalation point.
- Lead and maintain email supervision system.
- Review compliance of adviser and fund marketing materials and social posts.
- Engage in governance committees as applicable.
- Build relationships with internal partners and service providers.
- Provide leadership to align compliance goals across departments.
Skills
Education
Tools
Job description
At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.
Regulatory Compliance
At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.
We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.
Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.
We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good - for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.
Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.
Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.
At Transamerica Asset Management, high performance, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.
Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment - one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.
Who we are:
Today, we’re part of an international holding company, Aegon, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.
Transamerica Asset Management (TAM) is a division within Aegon Asset Management, an active global asset management firm with investment capabilities that span public and private markets across asset classes, sharing a common belief in fundamental, research-driven active management.
What we do:
TAM’s vision is to be a valued asset manager by growing a profitable, scalable investment platform that connects the right solutions to our clients’ needs. We provide active fixed income and differentiated equity strategies by following our Investor First process and leveraging the capabilities of our suite of sub-advisers. Our business encompasses approximately $65 billion of net assets under management; consisting of variable insurance funds, retail mutual funds, ETFs, collective investments trusts and other assets.
Position Overview:
As the Compliance Manager / AML Officer, you will be responsible for contributing to the support and management of multiple compliance programs and functions that are designed to prevent, detect, and assist in resolving potential violations of federal securities laws and regulations for TAM, its mutual funds, ETFs, separately managed accounts (SMA)/retail wrap accounts, collective investment trusts, and associated service providers. In addition, the position will lead and maintain a robust anti-money laundering program and lead oversight of service providers for TAM’s suite of mutual funds.
- Contribute to review and development of policies and procedures related to the funds and TAM’s products and services.
- Provide structured compliance oversight of Transfer Agent and other service providers to TAM’s products.
- Serve as primary administrator of TAM’s Joint Code of Ethics.
- Lead and maintain anti-money laundering program and oversight framework for investment companies.
- Oversee cross-departmental issue resolution team process, serving as primary escalation point.
- Lead and maintain email supervision system and process.
- Provide compliance review as subject matter expert of relevant adviser and fund marketing materials and social media posts.
- Serve as subject-matter expert on assigned compliance-related matters.
- Participate in governance committees, as applicable.
- Develop and maintain relationships with internal business partners, sub-adviser firms, and key service providers.
- Provide leadership and direction across departments to ensure alignment of compliance goals and positions.
- Bachelor’s or advanced degree(s), designation(s), or equivalent experience.
- Experience with anti-money laundering programs and expertise in regulatory compliance, risk assessment, transaction monitoring, and fraud prevention.
- Minimum 8 years of progressive mutual fund and investment adviser compliance experience.
- Knowledge and understanding of Investment Company and Investment Advisers Acts and associated rules and regulations.
- Excellent written and verbal communication skills.
- Superb critical-thinking, and problem-solving skills.
- Advanced analytical, interpretive, and organizational skills.
- Ability to lead and manage select components of fund and adviser compliance programs.
- Proficient with all Microsoft Suite applications (Outlook, Excel, Word, etc.).
- Familiarity with Office 365 and associated applications.
- Experience as an AML Officer.
- Securities designations or compliance designations.
- Ability to comprehend complex issues.
- Adaptability and flexibility.
- Comfortable engaging various technologies.
- Extensive knowledge, understanding, and application of Investment Company and Investment Advisers Acts and associated rules and regulations, programs and best practices.
- Broad exposure to various investment adviser products, including exchange-traded funds, separately managed accounts, and private funds.
- AI tool experience and familiarity; application to business use cases.
- Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.
The salary for this position generally ranges between $135,000 - $159,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Additionally, the position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
- Competitive Pay
- Bonus for Eligible Employees
- Pension Plan
- 401k Match
- Employee Stock Purchase Plan
- Tuition Reimbursement
- Disability Insurance
- Medical Insurance
- Dental Insurance
- Vision Insurance
- Employee Discounts
- Career Training & Development Opportunities
- Paid Time Off starting at 160 hours annually for employees in their first year of service
- Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays)
- Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
- Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child
- Adoption Assistance
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