Job Description

AML
5.00 to 10.00 Years
5
TORONTO [Canada]
IT
27/11/2018
27/12/2018
This individual will work on site at our Financial Service clients and assist the banks in performing KYC Remediation for their customers¿ accounts. (The title of this position will be based on experience)¿                     This individual will be responsible for performing KYC Remediation of our client¿s customers¿ accounts by drafting procedures, describing the process of remediating their accounts, and then executing this approach.¿                     Collaboration with internal and external bank stakeholders.¿                     Understand the US/Canada and Global Regulations to perform KYC remediation.¿                     Analyze existing AML/KYC policies, guidelines and procedures and create new AML/KYC policies, guidelines and procedures that are consistent with the US Global Regulations.¿                     Perform GAP Assessment of the required information that will be needed for customer accounts.¿                     Identify and implement new regulatory rules.¿                     Enhance and centralize the banks onboarding policies, guidelines and procedures. This includes: preparing information requests to relationship managers, retrieve missing documentation from their customers, screen and transaction monitoring of the accounts, and compile the final KYC packages to complete the remediation.¿                     Prepare information requests for relationship managers, and retrieve missing documentation from their customers.¿                     Screen and transaction monitoring of the accounts, and compile final KYC packaged to complete the remediation.¿                     Assist clients with onboarding their new client relationships and remediation of active clients by working with multiple the business lines. Includes US KYC / AML, Dodd Frank, FATCA and other regulations that impact their business¿                     Knowledge of AML, KYC Sanctions, screening and on boarding,  Due Diligence compliance framework, i.e. USA Patriot Act, BSA, OFAC, etc.¿                     Collect, upload and investigate client documents¿                     Process modelling: Analyze current business process to understand the business needs and to determine how to best fulfill those needs¿                     Strong knowledge of Client On Boarding process/lifecycle and experience of such projects within a top tier Financial Institution or Management Consulting firm