Cannot load Windows PowerShell snap-in MIIS.MA.Config on Microsoft Identity Manager 2016 SP1

On a Microsoft Identity Manager 2016 SP1 Server running the Add-PSSnapin MIIS.MA.Config PowerShell snap-in throws the error

Add-PSSnapin : Cannot load Windows PowerShell snap-in MIIS.MA.Config because of the following error: The Windows PowerShell snap-in module C:\Program 
Files\Microsoft Forefront Identity Manager\2010\Synchronization Service\UIShell\Microsoft.DirectoryServices.MetadirectoryServices.Config.dll
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