AML/KYC Sanctions Analyst

Job Title: AML/KYC Quality Assurance Analyst

Duration: 12 Months with possibility of extension

Location: Montreal, Quebec H3A 2A6

Job Description:

The position at a glance

Demonstrate the firm's commitment to compliance by maintaining a Quality Assurance review program that evaluates the firm's compliance with applicable laws and regulations and discloses violations and control weaknesses. Conduct Quality Assurance reviews of the various front office business areas, branches, and functions relating to the Firm's compliance with BSA/AML and Sanctions requirements. Provide senior management (including the Head of Americas Financial Security) with detailed reports regarding the extent of the Firm's compliance with applicable laws and regulations as well as internal policies and procedures by providing value-added comments and recommendations on remedial actions where appropriate. Also, assist in the coordination of metric reporting to management and Head Office. Participate in FS related special projects/investigations as needed.

In detail

Responsibilities:

• Assess metrics to identify and pull relevant samples for Quality Assurance reviews
• Conduct monthly targeted AML and Sanctions Quality Assurance reviews under the direction of the Head of the Quality Assurance team in order to assess and review compliance with legal, regulatory and internal firm policy requirements in an attempt to identify, report and prevent money-laundering, terrorist financing and market abuse activity within operations.
• Escalate potential issues and exception items noted during the review process to the Head of FIU and U.S. Financial Security Department management for discussion and further investigation if deemed necessary.
• Prepare and distribute monthly QA reports to management detailing the QA review findings and recommendations. Periodically report on significant activities conducted and planned for the upcoming period.
• Ensure that all findings and recommendations are entered into the Quality Assurance Reporting & Issue Tracker for tracking purposes and perform periodic follow-up of open issues to ensure proper resolution.
• Assist in the development of the regional compliance QA review programs for specific business units and products based upon applicable laws, regulations and internal policies.
• Conduct or assist with special investigations and projects as deemed necessary by Americas Financial Security Management.
• Assist in compliance related matters during examinations by the firm's regulators and internal auditors.
• Responsibilities also include being cross-trained on all regional QA program streams (inclusive of United States, Canada and LATAM programs spanning AML and Sanctions investigations) in order to assist on spikes in volume within QA reviews and/or to provide additional coverage as needed.

The strengths and skills that will help you succeed

Minimum Required Qualifications

• Successful candidates will have minimum of 5 years of experience with a financial services firm and/or self-regulatory organization in a Financial Security (AML, KYC and/or Sanctions) position or within an audit/testing function of Financial Security;
• Strong knowledge of AML, KYC, Sanctions. Additional knowledge of USA PATRIOT Act, AML Reform Act, OFAC / Sanctions (EU/UN/French Sanctions programs) and/or U.S. securities and banking regulations is a plus.
• Strong written and oral presentation skills.
• Self-motivated, willingness to learn and a desire to work in a challenging work environment where advise and decisions may be challenged by various levels of investigators;
• Excellent interpersonal and communication skills with the ability to interact effectively with front and back office staff and senior management.
• Fundamental analytical and investigative skills.
• Strong organizational skills and attention to detail a must.
• Ability to manage multiple compliance reviews and projects at the same time and meet timely deadlines.
• Ability to apply knowledge of regulations to numerous types of trading activities and operational arrangements in addition to interpreting the effect of new regulations and internal procedural standards on these activities.
• Strong computer skills including MS Office Suite (notably Excel) and Sharepoint. Knowledge of Actimize a plus.
• Bachelor's degree required; ACAMS and/or financial crime certification equivalent a plus
• Proficient in identifying, analyzing and escalating potential regulatory issues and emerging risks;
• License & Registrations: Not required.
• Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. Knowledge of the English is required. / Knowledge of French and English is required.