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AML/KYC Operations Analyst to review client documentation for a large banking client - 138398

Job Type: Contract
Positions to fill: 1
Start Date: Sep 30, 2022
Job End Date: Sep 27, 2023
Pay Rate: Hourly: Negotiable
Job ID: 123368
Location: Toronto
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Title: Operations Analyst
Length: 12 months
Location: Hybrid 155 Wellingtons - 2 Days per week

Overview:
Conducts reviews of client documentation/information obtained by client contacts within the business units. Ensures that information obtained is consistent with BSA/AML policy and procedures and satisfies regulatory requirements.

Responsibilities:

- Assist in management, maintenance, and review of appropriate CIP documentation/client files
- Follow up and track all documents required to satisfy CIP and new account requirements
- Escalate high risk and out of order records to AML Prevention Manager
- Assist in the administration and review of Client Risk Scoring, Client Identification and KYC documentation oversight/management requirements
- Assist with inquiries from management, internal and external auditors by providing guidance in a timely manner
- Document deficient significant regulatory, reputational and financial impact including cease and desist orders, loss of license and financial penalties in $mm
- Assist in KYC review and refresh of current Client population as needed
- Reviews and escalates client records that maintain an out of order status
- Significant regulatory, reputational and financial impact including cease and desist orders, loss of license and financial penalties in $mm
- Other duties as assigned to assist with the effective administration of the AML and KYC Policies

Must Haves:
- 5+ years of experience
- AML/KYC regulatory reporting

Nice to Have: 
Financial industry experience