AML, Compliance Advisor

Richardson Wealth Ltd; Toronto; On-site; CAD 72,000 - 82,000; Full time

Benefits offered by this job

Health & dental benefits

Group RRSP matching

Paid time off

Job summary

Richardson Wealth Ltd in Toronto, Ontario is seeking a Compliance professional to oversee the daily and monthly AML supervision program and to serve as a resource on regulatory matters for Investment Advisors, Branch Management and other departments. The role requires at least 2 years in compliance, familiarity with CIRO rules, strong MS Office skills and knowledge of industry software.

The base salary ranges CAD 72,000 to 82,000 per year, with a competitive total rewards package including

Qualifications

• Minimum 2 years of experience in a compliance role, preferably with a CIRO dealer or similar.
• Strong verbal and written communication skills.
• Solid understanding of how the investment/securities industry functions and CIRO rules.
• Ability to use initiative and work with minimal supervision.
• Proficiency with MS Office; familiarity with Dataphile, PortfolioAid and OTRS is an asset.
• Continuing education and regulatory conferences encouraged.

Responsibilities

• Oversee daily and monthly AML transaction and account reviews.
• Support unusual and/or suspicious activity reviews and management of Clients noted in ongoing scrubbing.
• Identify and escalate trends developing in client accounts with emphasis on AML/ATF unusual transactions.
• Governance and documentation for high-risk client approvals and activity per FINTRAC and CIRO policies.
• Exercise due diligence in following Richardson Wealth procedures and guidelines.
• Provide guidance on Compliance and AML policies to Branch Management and communicate requirements.
• Respond to regulatory requests and filings (e.g., STRs) and liaise with Operations, Compliance and Credit.

Skills

Regulatory knowledge

Compliance experience

Communication

Analytical ability

Initiative

Education

University degree or college diploma

ACAMS or equivalent

Tools

Dataphile

PortfolioAid

OTRS

Job description

Position Overview

The primary responsibility of this role is executing oversight of daily and monthly AML supervision program. This role will act as a resource for employees regarding industry regulations and support the enhancement of the AML program. responding to queries of the Investment Advisors and their teams, Branch Management Team and other departments.

This is an existing vacancy.

Duties and Responsibilities

• Conduct oversight of daily and monthly AML transaction and account reviews
• Support unusual and/or suspicious activity reviews and management of Clients noted in ongoing scrubbing
• Identify and escape trends developing in client accounts with an emphasis on AML/ATF unusual transactions, conducting detailed analysis and escalating concerns where necessary
• Governance and documentation for management of high-risk client's approvals and account activity as outlined by FINTRAC and in Canadian Investment Regulatory Organization (CIRO) policies and other regulatory/corporate guidelines
• Exercise due diligence in following Richardson Wealth (RWL) procedures, policies and guidelines
• Maintain an in-depth understanding of compliance and AML requirements for the industry and share knowledge, issues and challenges as well as sustain knowledge level for regulations
• Provide guidance and support to Branch Management regarding Compliance and AML policies and procedures, including effectively communicating requirements
• Effectively communicate with Management as it relates to concerns and/ or requirements, including the reporting of key metrics
• Assist with regulatory requests and filings as required (eg. STRs)
• Liaise with Operations, Compliance and Credit on Compliance related issues where required
• Other projects as assigned

Qualifications

• Minimum 2 years of experience in a compliance role, preferably with a CIRO dealer, or similar background (e.g. Investment dealer)
• Strong verbal and written communication skills
• Strong understanding of how the investment/securities industry functions and be able to apply that knowledge to RWL internal processes
• Strong understanding of regulatory requirements and industry rules across Canada
• Ability to use initiative and work with minimal supervision
• Self-motivated and interested in ongoing learning and professional development (including attendance of regulatory or educational conferences and seminars)
• Working knowledge of MS Applications including Word, Excel, Access, and PowerPoint
• Strong computer and technology skills and familiarity with industry software would be an asset (including Dataphile, PortfolioAid and Open-Source Ticket Request System (OTRS))

Education

• University degree or college diploma
• Completion of ACAMs or equivalent an asset

The expected annualized base salary range for this role is $72,000-$82,000. The actual salary offered will take into consideration a wide array of factors including, but not limited to, the individual’s skill, experience, education and training, and the consideration of internal equity. Richardson offers a competitive total rewards package in addition to the base pay, which includes a performance-based incentive plan, comprehensive health & dental benefits, a group RRSP matching plan and paid time off.