Enhanced Due Diligence Analyst (EDD)

Job Title: High-Risk Customer/Enhanced Due Diligence Analyst (EDD)
Location: Hybrid (3 days downtown Toronto)
Term: 6-month (extendable)

Description
Our client is an industry leading firm that serves clients on a variety of specialized projects that help them to work smarter, grow faster and compete better.

Why join their contract workforce?

– Interesting work: Deliver work that matters to you. We provide the opportunity to get involved in highly technical, complex and interesting projects where you can leverage your specific skillset and expertise to add value.
– Enrich your skills: Access to best-in-class technology, market intelligence and resources to advance your unique technical skills and expertise. Work alongside diverse, passionate and highly skilled professionals working together to drive innovation.
– Flexible opportunities: Find projects that match when and where you want to work.

The opportunity
Our client’s financial crimes professionals help clients understand how money launderers and the financiers of terrorism could be exploiting vulnerabilities in their organizations. We work with clients to identify, manage and mitigate their risk exposures in line with legislative, regulatory requirements and industry best practices. We also work to support critical projects such as regulatory remediations, collaborating with AML Compliance and Financial Intelligence Unit teams to complete the required tasks at hand. Our Canadian team is currently looking for High-Risk Customer/Enhanced Due Diligence Analysts to join on contract, working on site in our downtown Toronto office (min. 3 days per week, Tues, Wed, Thurs).

What you will do:

• Perform complex EDD reviews for high-risk customers which have been triggered by our clients client risk rating ‘CRR’ system trigger events, periodic reviews, court orders (subpoenas), and/or other escalations such as referrals from financial crimes teams or other internal teams.
• Collect, assess, and collate case file information for investigations including the determination of unusual and/or suspicious activities for regulatory reporting in a timely manner, as well as risk mitigation such as demarketing of relationships and accounts.
• Conduct data analysis, manipulation and interpretation looking for patterns and anomalies.
• Conduct periodic, quarterly and/or annual reviews using client systems such as SAS, Actimize and Oracle and other AML monitoring systems.
• Perform enhanced due diligence activities such as open-source searches, negative media and/or name screening (World-Check, Lexis Nexis and other searching engines).
• Identify red flags / RGS* indicators or unusual patterns of activity that may be indicative of predicate offence/criminal activity that potentially could lead to money laundering, terrorist financing, tax evasion, etc.
• Complete detailed case review reports and regulatory filing narratives to be submitted to the regulators based on findings when necessary (suspicious transaction reports) in accordance with FINTRAC Guidelines.
• Prepare case documentation as per client procedures.
• Work with a team to meet production targets depending on the specific project.
• Meet strict quality assurance standards.

Your qualifications:

• 2 – 3 years of Financial Services Industry experience.
• Experience in compliance and financial crimes roles.
• Strong analytical and critical thinking acumen is a MUST; as well as the ability to work with certain levels of ambiguity and work autonomously with minimal guidance.
• Certified Anti-Money Laundering Specialist (CAMS), Certified Financial Crime Specialist (CFCS) or other recognized AML/Financial Crimes certifications is preferred.
• Strong understanding of industry common screening and transaction monitoring tools such as: SAS, Actimize, Oracle, World-check, Lexis Nexis, Refinitiv and others.
• Experience managing alerts and navigating investigation processes/programs in a Financial Intelligence Unit (FIU) environment.
• Strong transaction analysis, professionalism and excellent judgment concerning confidential matters.
• Strong knowledge of the AML legislative requirements including FINTRAC guidelines.
• Experience in handling High Risk profiles cases.
• Experience performing demarketing and/or remediation projects.
• Strong record of achieving high targets while ensuring high quality.
• Attitude and drive to succeed in a fast-paced environment.
• The ability to work independently with minimal supervision, as well as contribute to a team environment.
• Excellent communication skills (both verbal and written).
• Good interpersonal and organizational skills.
• Good troubleshooting skills and analytical ability.
• Excellent computer skills (Microsoft Excel, Word, PowerPoint and Data Analytics Tools).

Keys to your success:

• Being proactive in determining priorities and managing multiple deadlines.
• Attention to detail, having the ability to apply feedback proactively and self-driven to make a positive difference.
• Keeping up to date with regulatory updates and financial industry trends and leading practices.
• Keeping up to date with innovative techniques and tools employed to address Financial Crimes.
• Successfully developing and managing internal and external relationships.