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WorldRemit // digital money transfer service
 
Toronto    Posted: Thursday, June 06, 2019
 
   
 
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JOB DETAILS
 

POSITION: Canadian AML / Compliance Officer

REPORTING TO: Regional Head of Compliance North America

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

The main duties include:

  • Day to day management of PCMLTFA & Canadian Economic Sanctions regimes:
    • Conducting ad-hoc & annual Risk Assessments;
    • Assuring appropriate officer coverage & business continuity;
    • Maintaining AML records;
    • Reviewing transactions & identifying activities that suggest potential money laundering or other suspicious activity;
    • Filing required reports with FINTRAC;
    • Exam & Audit oversight;
    • Manage the resolution of outstanding issues identified in Exams & Audits;
    • Maintain MSB registrations;
    • Manage Client Identification Program; and
    • Report to Executive Management on the status of the regime.
    • Responsible for the overall health & maturity of the PCMLTFA & AML regime
  • Day to day management of Canadian Financial Services Compliance Regimes:
    • Conducting ad-hoc & annual Risk Assessments;
    • Maintaining Compliance records;
    • Filing required reports;
    • Exam & Audit oversight; and
    • Manage the resolution of outstanding issues identified in Exams & Audits.
  • Assure compliance with country laws, regulations, & Company policies & procedures.
    • Manage Compliance Management System (CMS), internal audits & consultations;
  • Update & maintain the CMS & its derivative programs;
  • CMS consulting;
  • CMS monitoring & 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 & offsite staff.
  • Member of the Canadian jurisdictional Compliance & AML Committees & 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 & 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 & familiar with COSO three lines of defence
  • Experience in managing a Quality Assurance program
  • Outstanding customer service skills.
  • Ability to dive into the details & develop greater understand how customer electronic footprint is used in the transaction monitoring & decision matrices.
  • Highly disciplined, self-motivated, & delivery focused.
  • Excellent communication skills both verbal & written.
  • Excellent time management skills Be able to organize & meet daily, monthly, quarterly & annual deadlines for multiple licenses / regulatory request.
  • Must be able to balance extreme pressure & deadlines with constantly changing priorities.
  • University degree or equivalent experience.
  • Proficient in MS Office (Access, Excel, Word, PowerPoint & 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
 
 
 
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