Skills

Monitoring Training Risk Assessment Organization

Job Specifications

PURPOSE STATEMENT

·    Help to implement and manage the AML/ATF Program, including firm wide AML training

·        Conduct risk assessment to identify areas of vulnerability

·        Monitoring and investigation of transaction, KYC and client due diligence

·        Co-ordinate biannual controls effectiveness

·        Filing suspicious transaction reports or other transaction reports to FINTRAC as necessary

SPECIFIC ACCOUNTABILITIES

Compliance and Supervision

·        Conduct client due diligence and assign risk scores for KYC

·        Conduct names screening at KYC and ongoing for CDD

·        Transaction monitoring daily, monthly and quarterly per risk scores

·        Monitor clients assigned enhanced due diligence

·        Monitor ATF/PEP/Country watch lists for client due diligence and remediation if necessary

·        Prepare and submit UTR, STR or other reporting as required

·        Conduct annual risk assessment and report results to Compliance Committee

·        Ensure Controls Effectiveness Testing on conducted on a bi annual basis

·        Escalate concerns to CAMLO, Senior Management and to Advisors

·        Prepare regular AML reports on findings of supervision activities

·        Administer the AML/ATF Policies and Procedures to ensure compliance with Proceeds of Crime (Money Laundering) and Terrorist Financing Act

·        Ensure proper recordkeeping and audit trails of investigations, remediation and final outcomes

·        Administer the AML Training program

·        Other financial crimes tasks as assigned

KNOWLEDGE, SKILLS AND ABILITIES

Education

·        University degree in a related field of finance or economics

·        CAMS certification

·        Relevant CSI courses or able to satisfy the new Proficiency Requirement for Supervision under CIRO Rule 2600 an asset

Professional Experience

·        Minimum 3-5 years of relevant securities industry and professional experience within a financial institution

·        Familiar with rules and regulations of PCMLTFA, FINTRAC, CIRO and other AML related regulations or rules

·        Knowledge of securities industry’s regulatory compliance practices, procedures and principles applicable to Securities legislation and regulation

·        Understanding of the operations, organization and infrastructure of a financial institution

Personal and Skills Competencies

·        Have an understanding of securities and regulatory and industry knowledge

·        Advanced skills in Microsoft Office

·        Maintain standards of skill, care and diligence in professional activities

·        Familiarity with the Position Watch database system is an asset

·        An ability to handle a multitude of tasks simultaneously and to thrive, with grace and humour, under pressure

·        Familiarity with the Dataphile Database system is an asset

KEY RELATIONSHIPS/CONTACTS

Internal Contacts:

·        Client facing team

·        Support team

·        Operations

·        Senior Management

External Contacts:

·        FINTRAC

·        CIRO

·        Industry and peer groups

·        Legal Counsel

COMPENSATION RANGE

$95,000 - $105,000 CAD

About the Company

We are a leading independent, Canadian-owned and operated private client and capital markets firm, known for our client-centric approach and entrepreneurial spirit. Ventum Financial Corp. is a compelling option for investors and corporate clients seeking unbiased advice and unparalleled service. Know more