Career - Compliance Officer
Position title:Compliance Officer
Location:Toronto - ON
Compliance Regime Setup
- Establish and maintain policies and procedures for assessing compliance by the firm, and individuals acting on its behalf, with securities legislation;
- Monitor and assess compliance by the firm, securities legislation;
- Report to the ultimate designated person of the firm as soon as possible if the chief compliance officer becomes aware of any circumstances indicating that the firm, or any individual acting on its behalf, may be in non-compliance with securities legislation and any of the following apply:
- the non-compliance creates, in the opinion of a reasonable person, a risk of harm to a client;
- (ii) the non-compliance creates, in the opinion of a reasonable person, a risk of harm to the capital markets;
- (iii) the non-compliance is part of a pattern of non-compliance;
- Act as liaison with Regulators and other industry counterparts in gathering practical and technical knowledge about various compliance issues;
- Respond to requests for information including production orders from various Regulators;
- Provide compliance support as required on various compliance or management projects or new initiatives;
- Respond to requests from internal departments on various compliance issues;
- Management of regulatory and corporate audit process, including preparation of requested material and management responses to findings;
- Annual review of compliance infrastructure and report to UDP for compliance certification filling, if required;
- Participate and represent the firm at various conferences, seminars, and industry committees in an effort to stay abreast of new and upcoming regulations and best practices, and to be aware of regulatory “hot issues”;
- Continually upgrade professional education as required by regulators.
Monitoring, Training and Analysis
- Day to day management of PCMLTFA and Canadian Economic Sanctions regimes:
- Conduct Risk Assessments;
- Assure appropriate officer coverage and business continuity;
- Conduct training;
- Maintain records;
- Review transactions and identify activities that suggest potential money laundering or other suspicious activity;
- File required reports with FINTRAC;
- Exam and Audit oversight;
- Manage the resolution of outstanding issues identified in Exams and Audits;
- Maintain registration;
- Manage Client Identification Program; and
- Report to Executive Management on the status of the regime.
- Day to day management of Canadian financial services compliance regimes:
- Conducting Risk Assessments;
- Conduct and record training;
- Maintain records;
- File required reports;
- Exam and Audit oversight; and
- Manage the resolution of outstanding issues identified in Exams and Audits.
- Assure compliance with country laws, regulations, and Company policies and procedures.
- Manage Compliance Management System (CMS) internal audits and consultations;
- Update and maintain the CMS and its derivative programs;
- CMS consulting;
- CMS monitoring and testing;
- Externally sourced audits as appropriate.
- Produce periodic management reports.
- Make recommendations to management about cases of reputational risk.
- Carrying out any other tasks as may be requested from time to time.
- Manage Compliance Analyst staff.
- Member of the Canadian jurisdictional Compliance & AML Committees and Chair meetings.
- Analyze and provide advice on policies and procedures of the firm.
- Conduct research to determine efficiency and effectiveness of policies and programs.
- Conduct assessments and propose improvements to methods, systems and procedures.
- Conduct quality audits and develop quality management and quality assurance standards.
- Provide guidance and support to businesses on regulatory policies and procedures; ensure internal compliance with regulatory requirements; and prepare submissions and filings with regulatory bodies.
- Plan the reorganization of the operations of an establishment.
- May supervise contracted researchers or clerical staff.
- Thorough understanding of PCMLTFA.
- 3-5 years of experience in risk management and compliance.
- Bachelor’s degree in Business, Commerce, Accounting, or a related field.
- Good understanding of accounting principles and financial statements.
- Auditing experience required.
- Understand the risk of non-compliance.
- Team player adaptable to fast-paced and changing environment.
- Ability to manage tight processes, accuracy and attention to detail.
- Sense of urgency necessary to ensure customer transactions are reviewed promptly.
- Outstanding customer service skills.
- Ability to dive into the details and develop greater understand how customer electronic footprint is used in the transaction monitoring and decision matrices.
- Highly disciplined person, self-motivated, and delivery focused.
- Excellent communication skills both verbal and written.
- Excellent time management skills – Be able to organize and meet monthly, quarterly and annual deadlines for multiple licenses / regulatory request.
- Must be able to balance extreme pressure and deadlines with constantly changing priorities.
- Proficient in MS Office (Access, Excel, Word, PowerPoint and Visio).
- Ability to travel internationally up to 10% of the time.
Benefits: Eligible for wage increases and bonuses, Eligible for dental insurance and extended medical insurance.
Hours of work: 40 hours/week
Job Types: Full-time, Permanent
Salary: $37.00 to $40.00 /hour
Please forward your resume and cover letter outlining how your experience relates to our requirements.