KYC Controls Analyst
Within Client Engagement and Financial Security, the KYC Controls Analyst will assist with the daily tasks of the Due Diligence Global Quality Monitoring (GQM) team, and Monitoring and Controls (MAC) Team. The objective of these teams is to monitor, control, and manage Due Diligence’s key operational processes to ensure proper functioning of the team and visibility for senior management. This includes Quality Control checks, controls, and reporting on New Clients, Recertification, and Non-legal Entities across CIB Business Lines. The GQM and MAC teams are based in Montreal and report to the head of the KYC Canada.
In detail
The GQM tasks that the KYC Controls Analyst will assist with can be as important as restricting a client from any further transactions as they are no longer permitted to for business or compliance reasons. To a lesser extent, their contribution could be to amend a data entry within the KYC record or to remediate data inconsistencies. Most frequently, there is a high level of autonomy however manager's guidance might be required for unusual requests. The day-to-day tasks are listed below.
Performing the protocols related to the settlement instruction (Termination / Restriction on the accounts).
Perform modifications (as required) of data pertinent to client accounts
Transaction Profiles
Relationship Manager (RM) amendments
SCBO Updates
Recertification Team amendments
Final Risk Score amendments
Due Diligence Level amendments
Activity Checks
Client Offboardings and KYC Termination
Reactivations
Restrictions
Status amendments
Next Review Date amendments
Flag switch
The KYC Controls Analyst will start assisting the MAC team once he/she has become familiar with the GQM Tasks. The MAC team tasks that the KYC Controls Analyst will assist with are listed below:
Monitor client due diligence process, including oversight for Canada, United States, Mexico, Brazil, Colombia, and Argentina, by supporting AML KYC Operations program requirements related to controlling risk to the company
Operating new internal controls and working with AML systems and processes to mitigate risk
Maintain Client Engagement and Financial Security control framework throughout the Americas CIB platform in compliance with local and company-established regulations
Track key Due Diligence policy metrics to confirm the effectiveness of the established processes and controls
Support audit requests by pulling documentation and other information as required while under tight deadlines
Validate Regulatory Requirements are captured accurately (FINCEN CDD, 17A-5, Transaction Profile)
Review control reports for discrepancies, notify the Due Diligence team in AMER for remediation, and provide results to management.
The strengths and skills that will help you succeed
Bachelor’s degree in Finance, Economics or other related field of study
1 to 3 years of experience in KYC/Quality Control, Due Diligence, Client Onboarding, Compliance or a similar field
Understanding of relevant AML/KYC documentation requirements, bank policies, and regulatory requirements
Knowledge of requirement applicable to KYC, including The USA PATRIOT ACT, OFAC, and FinCEN regulations
Have a control mindset, detailed orientated, and a desire to take ownership of objectives and drive results
Proficient in MS Office (Word, Excel, PowerPoint)
VBA and PowerBI a strong plus.
· Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. Knowledge of English is required. French and Spanish are a plus.
At mthree, our values support courageous teammates, needle movers, and learning champions all while striving to support the health and well-being of all employees. We take great pride in celebrating the diversity of each individual who contributes to making mthree the company it is today and will be in the future. We value diversity both within mthree and with our partner companies, and we're proud to provide an environment where all our colleagues can flourish. That means promoting a strong culture of equality but, most importantly, inclusion.
