AML Analyst - assist with sanctions advisory review at client KYC onboarding and refresh stages 25999
Job Type: Contract
Positions to fill: 1
Start Date: Jun 06, 2022
Job End Date: Dec 12, 2022
Pay Rate: Hourly: Negotiable
Job ID: 118881
Location: Toronto
AML Analyst
Location Address: Hybrid - 100 Yonge Street, 10th Floor – targeting 1/week in office
Contract Duration: 6 months
Number of Positions: 1
Responsibilities:
– part of AML functionality, under AML Risk, dealing specifically with Sanctions compliance.
- Conduct investigations into live payment escalations, interpreting applicable sanctions regulations and providing accurate and justified dispositions.
- Provide sanctions regulation subject matter expertise by guiding other investigators with investigation techniques, helping with dispositioning and answer questions during their review process.
- Identify areas for process improvements in the live payment screening and escalation processes.
- As needed, assist with sanctions advisory review at client KYC onboarding and refresh stages; determine materiality of clients’ sanctions exposures; recommend risk mitigating controls to business lines; ensure the tracking log is properly updated and results are reported to the Director, Global Sanctions Office Advisory.
- Identify and make recommendations of potential name additions to the Bank’s internal transaction screening list.
- Support the team in managing the ransomware notification mailbox by reviewing ransomware negative news escalations and potential ransomware related payments.
-Conduct root cause analysis of downstream rejected/blocked payments to identify and escalate process deficiencies and recommend risk mitigating controls.
- Ensure full adherence to the local procedures and operating manuals.
- Assist with Lookbacks as needed.
- Assist with periodic review and updating of the policies, procedures and operating manuals.
- Assist during regulatory exams and internal audits by supplying information in a timely and accurate manner.
- Keep abreast of regulatory changes, industry best practices, and recommend changes to enhance procedures.
- Develop positive and professional working relationship with other teams locally and in head office.
-Perform ad hoc tasks as assigned.
Must Have Skills:
1) 7+ years of Sanctions Compliance experience
2) 3+ years of Sanctions Payment Review experience
3) 3+ years of experience Assessing Sanctions Risk stemming from clients’ relationships and recommending adequate mitigation controls
Nice-To-Have Skills:
1) Within Sanctions Compliance experience - related consulting experience at a prominent consulting firm is a plus.
2) Previous experience fulfilling regulatory examination and audit requests.
Education:
A recognized undergraduate degree is required, preferably in Law, Business, Management, Finance, etc.
CGSS, CSS, CAMS certifications an asset
Location Address: Hybrid - 100 Yonge Street, 10th Floor – targeting 1/week in office
Contract Duration: 6 months
Number of Positions: 1
Responsibilities:
– part of AML functionality, under AML Risk, dealing specifically with Sanctions compliance.
- Conduct investigations into live payment escalations, interpreting applicable sanctions regulations and providing accurate and justified dispositions.
- Provide sanctions regulation subject matter expertise by guiding other investigators with investigation techniques, helping with dispositioning and answer questions during their review process.
- Identify areas for process improvements in the live payment screening and escalation processes.
- As needed, assist with sanctions advisory review at client KYC onboarding and refresh stages; determine materiality of clients’ sanctions exposures; recommend risk mitigating controls to business lines; ensure the tracking log is properly updated and results are reported to the Director, Global Sanctions Office Advisory.
- Identify and make recommendations of potential name additions to the Bank’s internal transaction screening list.
- Support the team in managing the ransomware notification mailbox by reviewing ransomware negative news escalations and potential ransomware related payments.
-Conduct root cause analysis of downstream rejected/blocked payments to identify and escalate process deficiencies and recommend risk mitigating controls.
- Ensure full adherence to the local procedures and operating manuals.
- Assist with Lookbacks as needed.
- Assist with periodic review and updating of the policies, procedures and operating manuals.
- Assist during regulatory exams and internal audits by supplying information in a timely and accurate manner.
- Keep abreast of regulatory changes, industry best practices, and recommend changes to enhance procedures.
- Develop positive and professional working relationship with other teams locally and in head office.
-Perform ad hoc tasks as assigned.
Must Have Skills:
1) 7+ years of Sanctions Compliance experience
2) 3+ years of Sanctions Payment Review experience
3) 3+ years of experience Assessing Sanctions Risk stemming from clients’ relationships and recommending adequate mitigation controls
Nice-To-Have Skills:
1) Within Sanctions Compliance experience - related consulting experience at a prominent consulting firm is a plus.
2) Previous experience fulfilling regulatory examination and audit requests.
Education:
A recognized undergraduate degree is required, preferably in Law, Business, Management, Finance, etc.
CGSS, CSS, CAMS certifications an asset
