KYC Compliance Validation Analyst

Job Description:

Position:
KYC Compliance Validation Analyst

Location:
Montréal QC H3A 2A6 (Onsite)

Duration:
6 Months

Shift:
8.00AM-5.00PM

Overview:

Our client is a company who is a provider of banking and financial services. The company operates through two divisions, Retail Banking and Services, and Corporate and Institutional Banking

Job Description:

Business Overview:

• The Financial Security Department has a key role to play in continually guiding and coordinating the Financial Security Program for the client to keep pace with evolving industry practices and local regulations.
• Within the Financial Security Department, there are six main areas: KYC Compliance, FIU/BLRA/QA, Sanctions, Transaction Monitoring and Optimization, Transaction Monitoring, and Project Management.

Responsibilities:

Responsible for KYC Validation reviews including:

• Ex-ante and Ex-post Quality Control Review of Americas client files to ensure compliance with Global Policies and local laws and regulations
• Perform 2nd-Level Reviews of the FinCEN CDD rule for Legal Entities, Non-Legal Entities and Loan Renewals
• Perform quality control on client data for AML-6
• Generate KPIs for reviews and controls performed and prepare reports and presentations incorporating KPIs for reporting to regions and the monthly Americas CIB/US Asset Management Financial Security Steering Committee Meetings
• Communicate with different regions in the Americas to remediate findings
• Provide Quarterly Trainings to regional Due Diligence Teams regarding recurring issues and developments in policy
• Organize and lead Quarterly Operational Meetings with local compliance

Responsible for the Network Clearing (Correspondent Banking) KYC process including
:

• Review AML/CFT Questionnaires as they come in and save in the shared drive/SharePoint
• Upload Pre 2AC responses in SharePoint with NCNA and prepare Pre 2AC (Affiliate Account Certification) Committee follow-up emails to send to the affiliates as well as recommendations that haven't been closed from the IG Reports
• Perform 6 eye checks of affiliates
• Update monthly status spreadsheet (lifecycle of the whole process)
• Update the monthly Quality Control KYC Assessment
• Review 2AC forms for accuracy (updated by NCNA, IAG and USFS Network Clearing)

Other Responsibilities
:

• Offer guidance on pertinent KYC issues and their impact on applicable business lines/clients/accounts/transactions/business scenarios.
• Perform enhanced due diligence research for RMA banks and specific clients
• Support Reverse KYC process; Update Swift KYC for NY Branch
• Implement the client's Global KYC procedures in the US. Review and recommend enhancements
• Support business lines, Due Diligence Team ("DDT") and Investigation & Analysis ("IAG").
• Draft and/or update AML compliance and written supervisory policies and procedures.
• Assist Compliance in developing a comprehensive cross-business view of AML risk.
• Coordinate with Paris, London and Hong Kong Compliance on Global KYC issues.
• Provide compliance related training specific to the various Business lines, Compliance and Due Diligence/IAG groups and support the general AML training program
• Perform analysis and work on special projects
• Ensure compliance with current and impending legislation/regulations
• Provide Excel-based Reporting Metrics
• Support the KYC Advisory team as needed
• Support development and implementation of AML-KYC systems by providing input and feedback on systems throughout development

Minimum Required Qualifications

• 3-5 years of experience in the financial services industry or regulatory environment
• Bachelor's degree from an accredited college/university in Accounting, Finance, Legal, Economics or related discipline.
• CAMS certification
• Background in KYC/ AML/OFAC / Sanctions risk; 3-5 years overall experience

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