Senior Consultant - Risk and Compliance (Financial Crimes)

Sia Partners; Toronto; On-site; CAD 85,000 - 110,000; Full time

Job summary

A consulting firm in Toronto is seeking an experienced professional to develop and implement AML and sanctions compliance programs. Ideal candidates will have over 4 years in the field and a strong understanding of Canadian regulations. The role involves advising clients on compliance strategies and conducting risk assessments. Excellent communication and analytical skills are essential for success.

Qualifications

• 4+ years of experience in AML and sanctions compliance within financial services or consulting.
• Knowledge of Canadian AML / ATF laws and regulations.
• Strong understanding of risk assessment methodologies.

Responsibilities

• Develop AML and sanctions compliance programs tailored to clients' needs.
• Conduct comprehensive risk assessments for clients' operations.
• Provide training on AML and sanctions-related topics to clients' employees.

Skills

AML and sanctions compliance

Risk assessment

Analytical skills

Project management

Excellent communication

Data analytics tools

Education

Bachelor's degree in finance, business, or law

Tools

Data analytics tools

Job description

Job description

Responsibilities

• Develop and implement AML and sanctions compliance programs tailored to clients' specific needs and regulatory requirements.
• Conduct comprehensive risk assessments to identify potential money laundering and sanctions risks within clients' operations and provide recommendations for mitigation.
• Review and enhance existing AML and sanctions policies, procedures, and controls to ensure compliance with applicable laws, regulations, and industry best practices.
• Advise clients on the design and implementation of transaction monitoring and screening systems to detect and report suspicious activities and sanctioned entities.
• Provide training and guidance to clients' employees on AML and sanctions-related topics, including identification of red flags, reporting obligations, and internal reporting mechanisms.
• Conduct investigations and due diligence on high-risk clients or transactions to evaluate potential AML and sanctions violations.
• Stay up to date with the latest AML and sanctions regulations, industry trends, and emerging risks, and proactively advise clients on necessary adjustments to their compliance programs.
• Collaborate with cross-functional teams, including legal, risk management, and technology, to ensure effective integration of AML and sanctions controls across the organization.

Prepare and present reports and recommendations to clients' senior management and regulatory authorities, as needed.

Qualifications

• Bachelor's degree in a relevant field such as finance, business, or law.
• 4+ years of experience in AML and sanctions compliance within the financial services industry or consulting firm.
• Knowledge of Canadian AML / ATF laws and regulations and industry practices.
• Knowledge of AML and sanctions regulations, including but not limited to the Bank Secrecy Act (BSA), USA PATRIOT Act, Office of Foreign Assets Control (OFAC) sanctions, and Financial Action Task Force (FATF) recommendations.
• Strong understanding of AML and sanctions typologies, risk assessment methodologies, and transaction monitoring systems.
• Previous support of designing and implementing AML and sanctions compliance programs for financial institutions or multinational corporations.
• Excellent analytical skills with the ability to assess complex situations, identify risks, and develop practical solutions.
• Strong project management skills, including the ability to manage multiple priorities, meet deadlines, and deliver high-quality work products.
• Exceptional written and verbal communication skills, with the ability to effectively present complex information to diverse audiences.
• Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS) or Certified Financial Crime Specialist (CFCS) are highly desirable.
• Experience with data analytics tools and technologies for AML and sanctions investigations is a plus.

Additional information

All your information will be kept confidential according to EEO guidelines.

Sia is an equal opportunity employer. All aspects of employment, including hiring, promotion, remuneration, or discipline, are based solely on performance, competence, conduct, or business needs.