Canadian AML/Compliance Officer

  • WorldRemit
  • Toronto
  • Feb 07, 2019
Full time Compliance

Job Description

POSITION:  Canadian AML / Compliance Officer

REPORTING TO: Regional Head of Compliance – North America

This role is responsible for the management of maintaining and applying regulatory compliance, recordkeeping, compliance and program monitoring, and analytical functions involved with the Proceeds of Crime (Money Laundering) & Terrorist Financing Act (PCMLTFA), Canadian Economic Sanctions, and Canadian financial services compliance regimes. This role will be the stated PCMLTFA Compliance Officer.

The main duties include:

  • Day to day management of PCMLTFA and Canadian Economic Sanctions regimes:
    • Conducting ad-hoc and annual Risk Assessments;
    • Assuring appropriate officer coverage and business continuity;
    • Maintaining AML records;
    • Reviewing transactions and identifying activities that suggest potential money laundering or other suspicious activity;
    • Filing required reports with FINTRAC;
    • Exam and Audit oversight;
    • Manage the resolution of outstanding issues identified in Exams and Audits;
    • Maintain MSB registrations;
    • Manage Client Identification Program; and
    • Report to Executive Management on the status of the regime.
    • Responsible for the overall health and maturity of the PCMLTFA & AML regime
  • Day to day management of Canadian Financial Services Compliance Regimes:
    • Conducting ad-hoc and annual Risk Assessments;
    • Maintaining Compliance records;
    • Filing required reports;
    • Exam and Audit oversight; and
    • Manage the resolution of outstanding issues identified in Exams and Audits.
  • Assure compliance with country laws, regulations, and Company policies and procedures.
    • Manage Compliance Management System (CMS), internal audits and consultations;
  • Update and maintain the CMS and its derivative programs;
  • CMS consulting;
  • CMS monitoring and testing;
  • Externally sourced audits as appropriate.
  • Produce periodic management reports.
  • Make recommendations to management about cases regarding or impacting reputational risk.
  • Carrying out any other tasks as may be requested from time to time.
  • Manage onsite and offsite staff.
  • Member of the Canadian jurisdictional Compliance & AML Committees and Chair meetings.

Requirements:

  • Thorough understanding of PCMLTFA.
    • Understanding the risk of non-compliance.
    • Experience recommending process or program improvements to comply with regulations
  • Team player; adaptable in a fast-paced and changing environment.
  • Ability to manage daily processes
  • High attention to detail.
  • Have a sense of urgency necessary to ensure customer transactions are reviewed promptly.
  • Experience in managing a Compliance Management System and familiar with COSO three lines of defence
  • Experience in managing a Quality Assurance program
  • Outstanding customer service skills.
  • Ability to dive into the details and develop greater understand how customer electronic footprint is used in the transaction monitoring and decision matrices.
  • Highly disciplined, self-motivated, and delivery focused.
  • Excellent communication skills both verbal and written.
  • Excellent time management skills – Be able to organize and meet daily, monthly, quarterly and annual deadlines for multiple licenses / regulatory request.
  • Must be able to balance extreme pressure and deadlines with constantly changing priorities.
  • University degree or equivalent experience.
  • Proficient in MS Office (Access, Excel, Word, PowerPoint and Visio).
  • Ability to travel internationally up to 10% of the time.

Desired Skills:

  • Bi lingual (English & French)
  • Compliance related certifications such as CAMS or CRCM.
  • Experience as a Regulator a plus