Anti-Money Laundering Officer

Position Overview

We are looking for a knowledgeable Anti-Money Laundering (AML) and Know Your Customer (KYC) Officer to join a reputable financial services firm based in Montreal, QC, on an 8+ month contract. This role involves performing client due diligence and supporting regulatory compliance efforts within a hybrid work setting.

Key Responsibilities

• Execute thorough KYC reviews for both new and existing clients.
• Conduct Simplified Due Diligence (SDD), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) assessments as necessary.
• Analyze intricate corporate ownership arrangements to assess risk.
• Carry out screenings for sanctions, Politically Exposed Persons (PEP), and adverse media sources.
• Evaluate the risk profiles of clients and compile detailed memorandums summarizing findings.
• Ensure ongoing adherence to AML laws and internal compliance protocols.
• Collaborate closely with Compliance teams, Relationship Managers, and other relevant parties throughout all stages of the client relationship.

Qualifications and Experience

• Minimum of five years working experience in the financial services industry.
• At least three years specializing in AML and KYC functions.
• Comprehensive understanding of AML legislation, sanctions frameworks, and financial crime compliance requirements.
• Prior experience evaluating corporate entities and their ownership structures.
• Excellent analytical, investigative, and communication capabilities.
• Bachelor’s degree is mandatory.
• Possession of CAMS certification is an advantage.

Technical Proficiencies

• Familiarity with World-Check, Orbis, Power BI, and additional KYC screening software is preferred.