Analyst, AML & Sanctions Compliance

Toromont Industries; Vaughan; On-site; CAD 78,000 - 90,000; Full time

Job summary

Toromont Industries is seeking an experienced Advisor, KYC & AML Compliance to lead onboarding reviews, KYC determinations, and risk-based due diligence aligned with FINTRAC requirements. The role reports to the Compliance Officer and supports the development, implementation, and enhancement of the company’s AML and customer onboarding program.

As a builder and problem solver, you will develop policies and controls, collaborate with Sales, Rentals, Credit, Finance, and Legal teams, and ensure

Qualifications

• 1-4 years of AML/ATF or financial crime experience in regulated sectors.
• Post-secondary degree in Business, Finance, Accounting, Economics or related field.
• Experience with screening, KYC, case management, or transaction monitoring systems.
• Experience investigating AML alerts and filing STRs.

Responsibilities

• Lead customer onboarding reviews and due diligence assessments.
• Verify customer identities and beneficial ownership structures.
• Assess customer risk factors and assign risk ratings.
• Maintain accurate due diligence records and documentation.
• Support remediation activities and periodic reviews.
• Monitor FINTRAC guidance and AML regulations for impact on operations.
• Provide guidance to stakeholders on AML/KYC requirements.
• Develop, implement, and maintain AML/KYC policies, procedures, and controls.
• Create onboarding workflows and governance for a sustainable compliance framework.
• Conduct customer risk assessments and screenings for sanctions, PEPs, and watchlists.
• Deliver AML, KYC, and onboarding training to stakeholders.

Skills

AML compliance

KYC concepts

Regulatory knowledge

Analytical skills

Education

Bachelor's degree in Business, Finance, Accounting, Economics or related

Tools

Screening systems

Case management systems

Transaction monitoring

Job description

Toromont Industries is seeking an experienced and motivated Advisor, KYC & AML Compliance to support the development, implementation, and continuous enhancement of its Anti-Money Laundering (AML), Anti-Terrorist Financing (ATF), sanctions compliance, and customer due diligence program.

Reporting to the Compliance Officer, this role will serve as a key advisor to the business on customer onboarding, Know Your Customer (KYC) requirements, customer risk management, and regulatory compliance obligations. The successful candidate will lead the design and implementation of scalable onboarding processes, risk-based due diligence practices, governance controls, and documentation standards that support compliance with FINTRAC requirements and industry best practices.

This position will play a critical role in helping establish and mature Toromont's compliance framework, including developing policies, procedures, controls, and operating models related to equipment sales, rentals, financing activities, and customer relationships. The Advisor will monitor evolving regulatory requirements and provide practical guidance to ensure compliance obligations are effectively embedded into business operations.

The ideal candidate is a builder and problem solver who enjoys developing new programs, creating structure in evolving environments, improving operational processes, and partnering with stakeholders to create a strong culture of compliance.

Pay Type

Full Time, Permanent

Compensation

$78,000.00 to $90,000.00

The listed base salary is just one component of our total rewards package, and performance-based or discretionary bonuses may be available.

Job Description:

Customer Onboarding & KYC

• Lead customer onboarding reviews and due diligence assessments.
• Verify customer identities, beneficial ownership structures, and business activities.
• Assess customer risk factors and determine appropriate risk ratings.
• Maintain accurate and defensible customer records and due diligence documentation.
• Support customer remediation activities and periodic reviews.

Fintrac Compliance & Regulatory Advisory

• Monitor and interpret FINTRAC guidance, AML regulations, and emerging compliance requirements.
• Assess the impact of regulatory changes on Toromont's operations, including equipment rentals, sales, financing activities, and customer onboarding processes.
• Provide guidance to business stakeholders on AML/KYC compliance requirements.
• Assist in preparing the organization for new regulatory obligations and compliance expectations.

Program Development & Process Improvement

• Develop, implement, and maintain AML/KYC policies, procedures, standards, and controls.
• Build and document onboarding workflows and operational processes.
• Identify process gaps, inefficiencies, and compliance risks.
• Recommend and implement process improvements and automation opportunities.
• Create governance, monitoring, and quality assurance controls to support a sustainable compliance framework.

Customer Risk & Financial Crime Compliance

• Conduct customer risk assessments and identify potential AML, sanctions, fraud, and financial crime exposures.
• Perform sanctions, politically exposed person (PEP), adverse media, and watchlist screening.
• Investigate potential matches and escape concerns as required.
• Support the development and enhancement of customer risk assessment methodologies.

Training & Stakeholder Engagement

• Partner with Sales, Rental Operations, Credit, Finance, Legal, and other business groups to support compliance initiatives.
• Develop and deliver AML, KYC, and customer onboarding training.
• Promote awareness of compliance obligations and best practices across the organization.
• Act as a trusted advisor to business stakeholders on customer risk and due diligence matters.

Monitoring, Audit & Continuous Improvement

• Support internal audits, compliance reviews, regulatory examinations, and risk assessments.
• Track findings, remediation plans, and corrective actions.Support testing of controls and compliance monitoring activities.
• Recommend enhancements to strengthen the effectiveness of the AML and customer onboarding program.

Qualifications:

• 1-4 years of AML/ATF or financial crime compliance experience within money services businesses (MSBs), casinos, Canadian financial services or regulated industry.
• Post-secondary education in Business, Finance, Accounting, Economics or a related field.
• Experience with screening, KYC, case management, transaction monitoring or compliance workflow systems.
• Experience investigating AML alerts and filing Suspicious Transaction Reports (STRs).
• Experience with FINTRAC-regulated entities, financing and leasing operations, equipment finance, commercial lending, treasury, payments or customer onboarding considered a strong asset.
• Experience supporting compliance programs in a large, decentralized or publicly traded organization preferred.
• AML certifications such as ACAMS (CAMS), CFE, or ICA certifications are strongly desired.
• Experience supporting audits, risk assessments, policy updates, or control design.
• Proficiency in Microsoft tools.

Knowledge:

• Knowledge of the PCMLTFA, FINTRAC guidelines, KYC and applicable sanctions legislation and associated regulations.

Soft Skills:

• Strong written communication skills, particularly for investigations and regulatory documentation.
• Strong analytical skills with the ability to review and interpret large volumes of data.

Artificial Intelligence (AI)

Please note that our hiring processes involve the use of artificial intelligence (AI) tools to assist with screening, assessing, or selecting candidates; all final decisions are reviewed by our Talent Acquisition team to ensure fairness and compliance with applicable laws.