Compliance Manager, Finance & Banking

Compliance Manager – Toronto

The Compliance Manager works closely with the Head of Compliance to build awareness of the firm’s regulatory obligations and the Compliance Program; is responsible for maintaining MSB regulatory compliance by researching and communicating requirements; stays up-to-date on AML/CTF and sanctions regulations; resolves concerns and other issues that may arise as a result of financial crime obligations.

• Assist the Compliance Officer with carrying out his responsibilities, deputize for Head of Compliance.
• Review and maintain compliance P&P to ensure they are up to date and meet regulatory requirements and current guidelines.
• Support the Head of Compliance in all areas of Financial crime and AML.
• Ensure the firm’s adherence with its financial crime and AML regulations.
• Coordinate and formulate responses to internal and external regulatory enquiries, audits and queries.
• Provide day‑to‑day assistance and advice, training and awareness to front office sales and trading departments and other business areas.
• Liaise with external legal counsel and interpret advice.
• Review and approve financial promotions.
• Approve new products in line with new product approval process.
• Advise on high risk accounts including money service businesses and sign off.
• Take a lead role in all financial crime external audits where appropriate.
• Identify and investigate internal suspicious activity / transaction reports and report to relevant regulatory authorities.
• Respond to and coordinate responses to regulatory and FIU enquiries.

• Strong understanding of Canada’s regulatory framework.
• Assist the Head of Compliance with overall responsibility for the firm’s adherence with its financial crime and regulatory compliance obligations in line with local requirements and internal policies and procedures.
• Continuous review and improvement of Compliance Policies & Procedures, Advice and Training Documentation to ensure they continue to be compliant with regulatory changes and best practice.
• Perform comprehensive assessments to identify discrepancies between current organizational practices and regulatory requirements, develop and revise policies and procedures to bridge these gaps.
• Ensure risk‑based procedures are in place for review and escalation of due diligence/KYC documentation and information on all clients.
• Ensure effectiveness review of the MCI’s AML/ATF program is conducted at least every two years.
• Remain aware of any directives that may be issued by the Minister of Finance under Part 1.1 of the PCMLTFA.
• Follow developments and best practices in AML/ATF and sanctions measures in Canada.

• Establish good working relationships with front office and all other departments so that Compliance is seen as an effective second line of defense providing professional internal guidance and advisory service.

• Deliver financial crime and AML training to support staff and new joiners.
• Ensure all employees understand the requirements in the PCMLTFA and Sanctions Legislation and are trained in accordance with Compliance policies & processes.

• Arrange and oversee regular Compliance Audits and Risk Assessments.
• Ensure any Audit or Risk findings are communicated to the Head of Compliance for discussion and implementation.

• Assist with overall Compliance strategies whilst completing day‑to‑day operations.
• Help advise the Front office on risk appetite and current country‑specific regulations and guidelines.

• Wide financial crime exposure to global AML and FC.
• Regulatory compliance experience dealing with OSC, IIROC.
• Experience dealing with high‑risk accounts.
• Demonstrated leadership skills; part of a team involved in FC/AML and regulatory compliance matters.
• Experience reviewing regulations and conducting gap analysis.
• Previous experience in complex AML/FC projects.
• Experience working on AML/FC issues across jurisdictions and multiple legal entities.
• Experience in transactional monitoring, payment authorizations, periodic reviews and analysis of trading patterns and data.

• Ensure…