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Director, Controls Testing and Deputy Chief Anti-Money Laundering Officer
Posted 22 days agoViewed
💎 Seniority level: Director, 8+ years
📍 Location: Canada
🔍 Industry: Fintech
🏢 Company: Paramount Commerce👥 101-250E-CommerceFinancial ServicesBanking
🗣️ Languages: English
⏳ Experience: 8+ years
Requirements:
- Strong expertise of AML/ATF and (Economic) sanctions legislation/regulations, e.g. PCMLTA/PCMLTFR
- Minimum of 8 years of experience with the development, operationalization and maintenance of a Quality Assurance/Testing or Internal Audit framework in relation to control environments either in 1LOD,2LOD or 3LOD in the financial services industry, e.g. banks, credit unions, securities dealers or insurance companies
- Bachelor’s degree in Law, Business Administration, Finance, or a related field
- CAMS, CIA or equivalent certification is an asset
- Excellent analytical skills, attention to detail, and the ability to communicate complex compliance concepts effectively
- Strong leadership skills
Responsibilities:
- Works with the VP, Compliance & CAMLO to design, implement and operationalize a comprehensive controls testing methodology and framework geared to ongoingly test the status quo and effectiveness of financial crimes compliance and risk management related controls, including RPAA requirements, and mitigation measures owned by 1LOD
- Conceptualizes, implements and operationalizes a suitable management information and reporting systems geared to keep the Boards of Directors, the Executive Team and relevant 1LOD/2LOD stakeholders informed about the state of control application, control effectiveness, control weaknesses incl. root cause analysis
- Composes and executes against the annual testing plan to ensure holistic risk-based planning and execution of testing engagements
- Drafts and provides adequate and effective remediation solutions and action items to 1LOD stakeholders regarding identified control weaknesses and collaborates with 1LOD to enhance control design and execution
- Assesses whether agreed upon remediation solutions and action items are on track and adequate to address identified control weaknesses
- Assists the VP, Compliance & CAMLO with the design, implementation and ongoing maintenance of compliance Policies, Standards, and Procedures related to financial crime, RPAA and other relevant frameworks across the Organization
- Executes additional tasks, as outlined in internal Policies, Standards and Procedures for which 2LOD
- Assists with conducting risk assessments for AML/ATF, (Economic) sanctions, and payment systems to identify and mitigate inherent and residual risks for 2LOD
- Supports the VP, Compliance & CAMLO with staying abreast of emerging risks related to regulatory changes, payment systems, and financial crime trends
- Supports the VP, Compliance & CAMLO with further refining the written AML/ATF and (Economic) compliance program by leading the conceptualization and documentation of adequate procedures
- Acts as Subject Matter Expert and Provide mentoring, and training to compliance team members, fostering a culture of accountability and continuous improvement
- Assists in preparing for and responding to regulatory examinations, audits, and inquiries
- Supports effective oversight regarding the implementation of new or changing AML/ATF requirements initiated within the Organization, or as required by legislation or regulators by liaising and coordinating efforts with internal stakeholders
- Contributes to developing and maintaining adequate AML/ATF and (Economic) sanctions training curricula and the facilitation or training sessions to various teams and stakeholders within the Organization
- Performs other duties and assists with initiatives assigned by the VP, Compliance & CAMLO
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