Summary:

This position is placed within the Advisory group of the Financial Security team. The position's main responsibilities are centered on the following: reviewing and validating high risk KYC files, and providing AML and/or sanctions related guidance to the Bank’s staff on proposed transactions. He/she is expected to have knowledge of current anti-money laundering regulations, policies and requirements as per the Bank Secrecy Act, and the USA Patriot Act.

Key Responsibilities:

• Review and validation of High Risk KYC files to ensure completeness and compliance with Bank policies and Regulatory Requirements.
• Review and issue regulatory guidance to Bank staff on proposed activities and transactions.
• Assist with the analysis of updates in regulations and/or policies to ensure that the Bank is compliant with US regulations, as well as the Bank’s policies and procedures.
• Assist with the implementation of any new requirements that come as a result of new regulations or policies and procedures.
• Provide guidance to Front Office and Support staff on AML specific queries concerning proposed customers and/or transactions.
• Assist with analysis of data for the Bank's BSA/AML and OFAC Risk Assessments.

Management and Reporting:

The position reports directly to the Head of Advisory – Financial Security.

Key Internal Contacts:

The employee will most likely interact on a regular basis with the Client On Boarding group, Front Office personnel, Head Office Compliance personnel, and IT support.

Key External Contacts:

The employee may have occasion to interact with external auditors and/or regulators during exams.

KNOWLEDGE AND SKILLS

Qualifications/Education Required:

College Degree

Experience Required:

5-10 years

CAMS Certification

Competencies:

Knowledge of US AML and OFAC regulations

Knowledge of International AML and Sanctions regulations

Skills & Knowledge Requirements:

IT Knowledge of Payment systems

IT Knowledge of AML tools