Compliance & AML Officer
Compliance Anti-Money Laundering Officer
Reports to: General Manager CFO / CCO
Job purpose:
• Communicate proactively and effectively with the regulators.
• Lead, manage and influence the branch on internal and external compliance obligations.
• Develop, recommend and implement appropriate systems policies and procedures to ensure compliance with relevant laws, prudential standards, rules and guidelines and codes of practice.
• Direct reports: none
Key tasks
• Implement the Branch’s AML/ATF program as detailed by the CCO, ensuring full compliance at all times with all Legislative and Regulatory requirements
• Ensuring that the compliance function is appropriately resourced.
• Establishing a compliance review program as detailed by the CCO. Reviewing and updating compliance policies, procedures and management processes. Evaluating business and new product proposals, action plans and other documentation to ensure that the foregoing are compliant with the authorizations provided by the regulatory authorities.
• Allocating ownership of appropriate prudential standards, rules and guidelines to relevant department heads and staff and monitor their compliance thereof.
• Regular monitoring of relevant legislation and regulatory prudential standards, rules and guidelines (Including regulators’ respective websites) to ensure compliance on a continuing basis.
• Conducting an integrated program of compliance training and education for all staff.
• Liaising with Head Office and assisting during inspection visits; Sending compliance reports to HO within specified deadlines.
• Liaising with local regulators such as OSFI etc.
Education;
• Minimum undergraduate degree, preferably in accounting, finance or banking.
Required Experience;
• The candidate must have a recent Canadian compliance (AML/ATF) background.
• The candidate must be familiar with Canadian compliance and risk frameworks.
• The candidate must have a broad knowledge of financial products and services of Front and Back Office.
Skills and Abilities
• Good oral and written communication skills and PC literate.
• Demonstrated coaching skills and on the job training in compliance.
• Ability to build and maintain effective working relationships with colleagues.
• Good organizational skills and ability to meet deadlines.
• Ability to interpret policy and processes and able to develop local policy which is aligned with Head Office policy
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