Job Overview:
We are seeking a detail-oriented UBO Compliance Analyst to conduct Ultimate Beneficial Owner (UBO) checksand ensure compliance with Anti-Money Laundering (AML) regulations across Canada and the United States. This role involves verifying business ownership structures, assessing financial crime risks, and ensuring compliance with regulatory frameworks such as FINTRAC (Canada), FinCEN (U.S.), and other applicable laws.The ideal candidate will have a strong understanding of Know Your Customer (KYC), Beneficial Ownership Due Diligence (BODD), Enhanced Due Diligence (EDD), and AML compliance in the payments industry.
Key Responsibilities:
UBO Verification & Due Diligence:- Conduct UBO checks on new and existing corporate customers to determine ownership structures and controlling parties.
- Analyze complex corporate hierarchies, offshore entities, trusts, and layered ownership to identify ultimate beneficial owners.
- Ensure compliance with AML regulations, such as Canada’s PCMLTFA and U.S. Bank Secrecy Act (BSA)/FinCEN requirements.
Risk Assessment & AML Compliance:- Assess financial crime risks associated with UBOs, including sanctions exposure, PEP (Politically Exposed Person) status, and adverse media screening.
- Identify high-risk entities and escalate cases requiring Enhanced Due Diligence (EDD).
- Work with compliance and risk teams to monitor ongoing changes in ownership structures.
Documentation & Reporting:- Maintain accurate KYC and UBO records, ensuring full regulatory compliance.
- Prepare detailed reports on UBO findings for internal audits and regulatory filings.
- Assist in Suspicious Activity Report (SAR/STR) filings when necessary.
Collaboration & Continuous Improvement:- Work closely with AML officers, risk analysts, and payment operations teams to strengthen compliance processes.
- Stay up to date with regulatory changes in Canada and the U.S. impacting beneficial ownership rules.
- Suggest process improvements and automation tools to enhance UBO verification efficiency.
Required Qualifications & Experience:
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Education & Certification:
- Bachelor’s degree in Finance, Law, Business, or a related field.
- Certification in AML/KYC Compliance (e.g., CAMS, CFCS, ICA, or equivalent) is a strong advantage.
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Work Experience:
- 2+ years of experience in AML compliance, KYC, or due diligence roles in the payments, banking, or financial services industry.
- Experience conducting corporate due diligence and analyzing ownership structures.
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Technical & Analytical Skills:
- Proficiency in using AML/KYC tools (e.g., Persona, Jumio, LexisNexis, ComplyAdvantage, Refinitiv World-Check, OpenCorporates).
- Strong research skills to assess corporate records, UBO disclosures, and regulatory filings.
- Knowledge of AML regulations (FINTRAC, FinCEN, OFAC, FATF guidelines).
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Soft Skills:
- Excellent attention to detail and analytical thinking.
- Strong written and verbal communication skills to present findings clearly.
- Ability to work independently and in a team within a fast-paced environment.
Why Join Us?
- Work with a leading payments company ensuring regulatory compliance across Canada and the U.S.
- Competitive salary and career growth opportunities in compliance and financial crime risk.
- Be part of an innovative team shaping anti-financial crime frameworks in the payments industry.
