Analyst, Client due dilligence

Laurentian Bank - Toronto, ON (30+ days ago)

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Laurentian Bank Financial Group (LBCFG) is a diversified financial services provider whose mission is to help customers improve their financial health. The Laurentian Bank of Canada (founded in 1846) and its entities are collectively referred to as Laurentian Bank Financial Group.

With more than 3,200 employees guided by the values of proximity, simplicity and honesty, the Group provides a broad range of advice-based solutions and services to its business, retail and institutional customers. The Group – with pan-Canadian activities and a presence in the United States – is an important player in numerous market segments.

General description

Laurentian Bank’s Financial Crime and AML/ATF business unit is responsible for carrying out due diligence on the Bank’s clients and is seeking an energetic, proactive and dedicated client due diligence analyst to join its young team. As it is a growing business unit, a flexible, self-motivated and can-do approach is just as important as a candidate’s technical skills. The ideal candidate will have proven work experience in a demanding, high-volume analytical environment and be able to rapidly adapt and apply their practical experience in research, writing and compliance.

Reporting to the Manager, Financial Crime and AML/ATF, the incumbent will carry out checks and controls on client identity and reputational, money laundering and terrorist financing risks posed by clients, whether at the start of the business relationship or during periodic reviews. The candidate will help the Financial Crime and AML/ATF business unit fulfill its mission, which is to implement appropriate controls to ensure compliance with AML/ATF laws and regulations and evaluate and manage AML/ATF-related risks to protect Laurentian Bank and its subsidiaries (the “Bank”), its clients, and its employees against offenders and to safeguard the Bank’s reputation.

Core Accountability

  • Identify politically exposed people (PEP), heads of international organizations (HIOs), persons of interest and designated persons presenting a higher risk potential for AML/ATF and, consequently, ensure that stronger measures are taken as required.
  • Check client alerts generated in the SAS CDD system, carry out analyses of potential AML/ATF risks and sources of vulnerability and apply risk mitigation measures where necessary.
  • Carry out the appropriate checks to detect negative media associated with clients of the Bank and identify the complex structures of companies and corporations.
  • Carry out in-depth research and analyses on clients posing a potential AML/ATF risk and identify the risks posed.
  • Following the analyses and investigations, prepare reports summarizing relevant details and recommendations from the Financial Crime and AML/ATF business unit, and transmit them to the various business lines, the head of Anti-Money Laundering and other stakeholders.
  • Manage timelines and updates of client profiles considered at-risk according to the risk mitigation standards published in the Anti-Money Laundering and Anti-Terrorism Financing Policy (monitoring files with the business lines’ compliance business units).
  • Make connections and identify various elements to recognize suspicious activities relating to money laundering and terrorist financing and submit unusual transaction reports if necessary.
  • Practically enforce the financial crime regulation compliance procedure and laws governing money laundering, fraud and corruption.
  • Institute and maintain efficient communications and work in partnership with other compliance stakeholders on the second and first lines of defence.
  • Provide support and advice to the Bank’s branches and business units.
  • Keep updated on current legislation and the Bank’s policies, programs and procedures; track market trends.
  • Perform any other related tasks.

Qualifications

  • University degree in a relevant field combined with at least one year of experience in compliance and anti-money laundering and anti-terrorist financing at a financial institution.
  • Experience with Know Your Client (KYC) and Compliance Due Diligence (CDD) procedures in a financial institution.
  • Certified Anti-Money Laundering Specialist (CAMS) certification, an asset.
  • Practical knowledge of client risk assessment criteria based on AML/ATF requirement criteria.
  • Experience in financial crime (preferred).
  • Ability to establish and maintain trusting relationships with compliance program users and other stakeholders.
  • Organization and thoroughness for dealing with several demands with various deadlines.
  • Excellent spoken and written analytical communication skills.
  • Extensive attention to detail; proactive and reactive to short deadlines.
  • Autonomy, initiative and demonstrated ability to manage priorities.
  • Ability to manage several projects in a changing work environment.
  • Good knowledge of Microsoft Office (Word, Excel, Outlook, Power Point).
  • Bilingual (French and English, written and spoken).

We welcome and encourage applications from individuals from all groups, including aboriginal, women, visible minorities, and persons with disabilities, regardless of race, ethnicity, sexual orientation, creed, family status, national origin, age and gender.

Avantages :

  • REER collectif
  • Assurance dentaire
  • Assurance maladie complémentaire
  • Assurance vie
  • Assurance invalidité
  • Primes
  • Régime d’achat d’actions
  • Assurance vision
  • Congés de vacances et compensatoires

Job Types: Full-time, Permanent

Experience:

  • AML: 1 year (Preferred)