KYC Compliance Validation Analyst

Montreal - Canada

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

Overview:

TekWissen is a global workforce management provider headquartered in Ann Arbor Michigan that offers strategic talent solutions to our clients world-wide. Our client is a company who is a provider of banking and financial services. The company operates through two divisions Retail Banking and Services and Corporate and Institutional Banking

Position: KYC Compliance Validation Analyst

Location: Montr al QC H3A 2A6

Duration: 6 Months

Job Type: Temporary Assignment

Work Type: Onsite

Shift: 8.00AM-5.00PM

Job Description:

Business Overview:

The Financial Security Department has a key role to play in continually guiding and coordinating the Financial Security Program for the client to keep pace with evolving industry practices and local regulations.
Within the Financial Security Department there are six main areas: KYC Compliance FIU/BLRA/QA Sanctions Transaction Monitoring and Optimization Transaction Monitoring and Project Management.

Candidate Success Factors:

Candidates will be measured on the following four performance drivers which will dictate how individual impact is considered on the Americas platform:
Results and Impact
Leadership and Collaboration
Client Customer and Stakeholder Focus
Compliance Culture and Conduct

Responsibilities:

Responsible for KYC Validation reviews including:

Ex-ante and Ex-post Quality Control Review of Americas client files to ensure compliance with Global Policies and local laws and regulations
Perform 2nd-Level Reviews of the FinCEN CDD rule for Legal Entities Non-Legal Entities and Loan Renewals
Perform quality control on client data for AML-6
Generate KPIs for reviews and controls performed and prepare reports and presentations incorporating KPIs for reporting to regions and the monthly Americas CIB/US Asset Management Financial Security Steering Committee Meetings
Communicate with different regions in the Americas to remediate findings
Provide Quarterly Trainings to regional Due Diligence Teams regarding recurring issues and developments in policy
Organize and lead Quarterly Operational Meetings with local compliance

Responsible for the Network Clearing (Correspondent Banking) KYC process including:

Review AML/CFT Questionnaires as they come in and save in the shared drive/SharePoint
Upload Pre 2AC responses in SharePoint with NCNA and prepare Pre 2AC (Affiliate Account Certification) Committee follow-up emails to send to the affiliates as well as recommendations that havent been closed from the IG Reports
Perform 6 eye checks of affiliates
Update monthly status spreadsheet (lifecycle of the whole process)
Update the monthly Quality Control KYC Assessment
Review 2AC forms for accuracy (updated by NCNA IAG and USFS Network Clearing)

Other Responsibilities:

Offer guidance on pertinent KYC issues and their impact on applicable business lines/clients/accounts/transactions/business scenarios.
Perform enhanced due diligence research for RMA banks and specific clients
Support Reverse KYC process; Update Swift KYC for NY Branch
Implement the clients Global KYC procedures in the US. Review and recommend enhancements
Support business lines Due Diligence Team (DDT) and Investigation & Analysis (IAG).
Draft and/or update AML compliance and written supervisory policies and procedures.
Assist Compliance in developing a comprehensive cross-business view of AML risk.
Coordinate with Paris London and Hong Kong Compliance on Global KYC issues.
Provide compliance related training specific to the various Business lines Compliance and Due Diligence/IAG groups and support the general AML training program
Perform analysis and work on special projects
Ensure compliance with current and impending legislation/regulations
Provide Excel-based Reporting Metrics
Support the KYC Advisory team as needed
Support development and implementation of AML-KYC systems by providing input and feedback on systems throughout development

Minimum Required Qualifications

3-5 years of experience in the financial services industry or regulatory environment
Bachelors degree from an accredited college/university in Accounting Finance Legal Economics or related discipline.
CAMS certification

Strong:

Background in KYC/ AML/OFAC / Sanctions risk; 3-5 years overall experience
Computer skills including MS Office Suite particularly MS Excel
Written and oral presentation skills
Possess a strong understanding of corporate governance and the AML/BSA/KYC regulatory environment

Ability to:

Understand the importance of privileged and confidential information
Manage multiple projects and meet deadlines under pressure
Come in Early/Work late as needed (there will be early calls with Paris)

Preferred Qualifications:

Prior Compliance or Audit experience
Knowledge of Correspondent Banking activities
Masters Degree a plus.
FINRA Registrations Required: No

TekWissen Group is an equal opportunity employer supporting workforce diversity.

Overview: TekWissen is a global workforce management provider headquartered in Ann Arbor Michigan that offers strategic talent solutions to our clients world-wide. Our client is a company who is a provider of banking and financial services. The company operates through two divisions Retail B...