Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.

Job Description

The Ares Compliance Department oversees and manages Ares’ global regulatory compliance and ethics program. Under the leadership of the Global Chief Compliance Officer, the Compliance Department is comprised of functionally aligned teams that operate collaboratively based on the Firm’s overall structure and include the following:

• Investment Advisory, which oversees implementation of the Advisers Act, regulatory reporting, and administers the Code;

• Control Room, Conflicts and Trading, which oversees the regulations and guidelines applicable to trade surveillance, the handling of Material Non-Public Information, and conflicts;

• Marketing and Distribution, focusing on global marketing regulations as well as compliance for Ares’ registered broker-dealers;

• Regulated Funds, which oversees the compliance for advised and sub-advised registered funds and public companies;

• Financial Crime Prevention, which develops and administers Ares’ global program for anti-money laundering and counter-terrorism financing, economic sanctions, and anti-corruption (together, the “FCP Program”); and

• European and Asia Pacific compliance, which oversees region-specific compliance programs and regulatory matters.

Ares is seeking an experienced, highly organized and proactive Associate to join the Financial Crime Prevention team focusing on Foreign Account Tax Compliance ACT (“FATCA”) and Common Reporting Standard (“CRS”), (together “FATCA/CRS”) processes. This individual will be responsible for ensuring premier client service and professional relations throughout the FATCA/CRS process, as well as assisting in the development and design of the FCP Program, including compliance with the respective legal, licensing, and regulatory obligations.

Reporting relationships

Reports to: Vice President, Compliance

Primary functions and responsibilities

The Associate will play a critical role in execution and supervision of the FATCA/CRS processes in line with FCP Program requirements, inclusive of jurisdictional requirements and FATCA/CRS advisory guidelines. They will be primarily responsible for review and analysis of documentation inclusive of remediation to external accountholders, creation of supporting documentation for annual filing obligations, and assistance with the management of downstream reporting obligations across the Ares platform where data owned and maintained by the FATCA/CRS team is critical to analysis and reporting to teams outside of compliance. As an integral member of the FCP Program, the Associate will work closely with other members of compliance to centralize workflows and leverage their unique, cross platform viewpoint to develop and streamline current and future FCP obligations.

Specific responsibilities will include but are not limited to:

• Manage and coordinate annual FATCA/CRS reporting: Ensure timely and accurate reporting to relevant tax authorities.

• Stay updated on regulations: Remain aware of the latest developments in FATCA/CRS changes in regulations or requirements and ensure consistent implementation across the organization.

• Maintain and update the FATCA/CRS Global policies and procedures: global policies and procedures will incorporate changes to external regulations or internal personnel responsibilities that play an integral role in FATCA/CRS obligations. The FATCA/CRS global policies and procedures are a subset of the wider FCP Program policies and procedures.

• Fund onboarding workflow obligations: Engage with internal business partners and external fund counsel to provide accurate and timely investor FATCA/CRS status for fund closings.

• FATCA/CRS due diligence data management: Directly liaise with investors, investment professionals, portfolio company representatives, internal deal counsel, external counsel, fund administrators and Ares internal constituents to ensure all relevant onboarding documentation and required information is obtained in accordance with the FCP Program.

• Technology-based solutions: collaborate on the development and enhancement of technology-based solutions and resulting internal procedures or processes relating to FATCA/CRS, including document repository, data extraction, and quality control/assurance for data points supporting FATCA/CRS reporting obligations.

• Audit and regulatory inspections: Serve as a team contact for tax authorities, auditors, and regulators regarding FATCA/CRS matters and work with FCP leadership to address where material.

• Project management: Oversee FATCA/CRS project implementation to meet regulatory requirements, increasing organizational efficiencies to the FCP Program and tracking of FATCA/CRS reporting metrics.

• Provide training: Conduct training sessions for Ares employees on FATCA/CRS requirements, legislative updates, and significant shifts in internal workflows.

• Firmwide Support: assist with special projects and ad hoc requests/tasks as required for downstream reporting obligations outside of the FCP Program.

Qualifications

Education:

• Bachelor’s Degree is required, preferably from a top university with strong academic achievement

Experience Required:

• 3-5 years of relevant financial services compliance experience; previous FATCA/CRS exposure or general financial crime prevention responsibilities a plus

• Knowledge of global asset management legal and regulatory compliance, risk management, and industry policy best practices

• Strong understanding of FATCA/CRS documentation requirements in accordance with relevant FATCA legislation and regulations in the United States and CRS legislation across relevant non-US jurisdictions in line with Ares Financial Institutions; international exposure considered a plus

• Knowledge of complex corporate entity structures, and the formation, constitutional, management/control and ownership documents of each and the information contained within

• Familiarity with OECD, IRC, and other regulatory bodies connected to FATCA/CRS guidance and interpretation of such regulations

• Strong understanding of the investment adviser industry, and U.S. and global securities laws, including the Investment Advisers Act

• Demonstrated history of client relationship management via direct client contact

• Experience with direct investor/client communication and partnership

• Proficient in Microsoft Office Suite (Word, Excel, Visio, Project, PowerPoint)

General Requirements:

• Strong quantitative, analytical, and problem-solving skills, attention to detail, and accuracy of deliverables; accountability driven

• Strong sense of ownership and accountability; diligent work ethic

• Ability to multi-task and prioritize deadlines; results-oriented

• Effective communication skills and excellent Client-Service orientation; responsive and dependable

• Proactive identification to logically analyze problems; solution driven in overcoming obstacles

• Ability to create logical processes with large data volume; exceptional organizational skills

• Adept at working independently within a fast-paced environment

• Flexibility in working hours to facilitate communication with team members across time zones

• Comfortable with ambiguity in a dynamic environment

• Analytical mind and passionate in bringing new ideas to increase efficiency of existing processes

• Dependable, highly motivated team player; fosters team collaboration

• Ability to handle confidential information appropriately

Reporting Relationships

Compensation

$100,000-$120,000

There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.