Investments Compliance Officer – AML & Sanctions and Private Credit

Who We Are

At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.

We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

• We are stronger as one: We collaborate across the enterprise, scale what works and act   decisively for our customers and partners.
• We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
• We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
• We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.

Who you'll work with

Corebridge’s Investments Compliance team is a corporate function that provides overall Compliance support and oversight to Investments and consists of certain centralized functions providing cross platform coverage of Code of Ethics & Employee Compliance, Portfolio Monitoring, Anti-Money Laundering (“AML”) & Economic Sanctions, Regulatory Filings and other cross-functional topics, and subject matter experts (“SME”) responsible for specific asset classes. This role will report to a manager who is located in the U.K., who among other responsibilities, leads the global portfolio monitoring team.  This role will work business hours based on its US location; however occasional collaboration will be required during U.K. business hours. This role will be the manager of one U.S.-based Compliance specialist on the AML & Economic Sanctions team.

About the role
The Investments Compliance team is seeking an experienced Compliance Officer who will join in the execution of the compliance program, with two primary responsibilities:

• Managing and executing the compliance program over Investments Private Credit Group (“PCG”), and
• Managing and executing the Investments AML & Economic Sanctions program over all asset classes. 

Private Credit Compliance
The Corebridge Investments PCG manages approximately $40 billion in corporate privates, infrastructure, structured credit, direct lending, and third-party CLOs.  This role will be the SME Compliance Officer responsible for the management and execution of the registered investment adviser’s compliance program over the PCG and their assets under management.  This includes:

• Ensuring compliance policies and procedures accurately incorporate the investment activities of the PCG,
• Developing and executing monitoring and testing routines (e.g. sample-based reviews, exception reports, etc.) to verify policies and procedures are effective and reasonably designed to prevent and detect violations of applicable laws, and
• Providing compliance advice, guidance, and oversight in support of day-to-day issues and inquiries related to the PCG’s management of investment portfolios, as well as leading Compliance efforts on new or strategic initiatives impacting the PCG.

AML & Economic Sanctions Compliance
The Investments AML & Economic Sanctions program covers all Investments asset classes.  This role will be the Compliance Officer responsible for managing and executing the program. The role will also be the Manager of one U.S. based AML compliance specialist. The program consists primarily of:

• Reviewing Know Your Client/Counterparty (“KYC”) due diligence performed by business unit asset class teams,
• Performing sanctions screening of clients, counterparties, and other transactional parties,
• Ensuring compliance policies and procedures related to AML & Economic Sanctions sufficiently address the unique nuances of each asset class and are in line with applicable laws, rules and regulations, and Corebridge corporate policies,
• Conducting reviews of KYC information/questionnaires in the onboarding of new clients and investors, and
• Responding to KYC requests/questionnaires from counterparties and service providers on behalf of the regulated entities or their clients.
• Interacting with the Corebridge corporate Financial Crimes Group (“FCG”) and Corporate Governance teams, where required.

Finally, the Compliance Officer will be responsible for the ongoing execution of various “run the firm” compliance routines aligned with requirements of the SEC, FCA, and state insurance regulators. This role has potential scope for assignment of additional responsibilities and routines that are aligned with the candidate’s aptitude, background, or desire for career progression. 

All elements of this role will require regular interaction with portfolio managers, operations, legal, other members of the Investments compliance team and Corebridge corporate functions e.g. FCG.

Skills & Qualifications
• Must have at least 7 years of experience executing compliance routines related to an investment management firm or an AML & Economic Sanctions program.
• Experience with private credit as an asset class is ideal, but not required,
• Possess an ACAMS certification or be willing and able to attain one (company sponsored).
• Experience with Dow Jones Risk and Compliance Sanctions Screening tools or similar sanctions screening tools.
• Must be proficient in Excel (including formulas, Vlookup, pivot tables, etc.).
• Skilled in analyzing data in a variety of formats from multiple reports/systems (experience with Power BI reports is a plus).
• Familiarity with the Investment Advisers Act of 1940.
• High degree of intellectual curiosity and willingness to self-learn through reading regulatory releases and publications, inquiring with business and process owners, and applying past experiences from similar scenarios to current tasks and challenges.
• Ability to execute with independence, knows “what to do next” without instruction.
• Ability to confront conflict and difficult issues in a professional, assertive, collaborative and proactive manner.
• Ability to work as a team, share knowledge and coordinate amongst peers to achieve a common goal.
• Highly organized, with the ability to verify, inspect, and record documentation supporting results and disposition of matters.

Work Location

This position is based in Corebridge Financial’s Houston OR Jersey City office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.

 

Estimated Travel

May include up to 25%

Why Corebridge?

At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.

Benefit Offerings Include:

• Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
• Retirement Savings: We offer retirement benefits options, which vary by location.  In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
• Employee Assistance Program: Confidential counseling services and resources are available to all employees.
• Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
• Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.

We are an Equal Opportunity Employer

Corebridge Financial, is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our colleagues are respected as individuals and valued for their unique perspectives.

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs.  If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com.  Reasonable accommodations will be determined on a case-by-case basis, in accordance with applicable federal, state, and local law.

We will consider for employment qualified applicants with criminal histories, consistent with applicable law.

To learn more please visit: www.corebridgefinancial.com

Functional Area:

CP - Compliance

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

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