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KYC Controls Analyst – Entry Level

Montréal, Quebec, Canada

 

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.

 

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Diversity, Equity & Inclusion: 

At mthree, we embrace and uphold the principles of equal-opportunity employment. We firmly believe in treating every individual with fairness and respect, free from discrimination on the grounds of race, religion, ethnicity, sex, age, national origin, marital status, parental status, sexual orientation, gender identity, disability, different ability, neurodiversity, status as a veteran/member of the armed forces, or any other legally protected status.

Our unwavering commitment extends to fostering an inclusive environment that empowers qualified minorities and advancement within our organization. We continuously strive to improve and ensure that all applicants and employees have an equitable experience throughout their journey with us.

Together, let's create a workplace that celebrates diversity, encourages inclusivity, and champions equal opportunities for all. 

Submitting information is voluntary and your answers in this section will not impact your application through the recruitment process. All information is kept confidential and is collected solely to ensure we’re attracting a diverse population of applicants, to deliver our commitment to diversity.

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Note: Person with a disability is a person who has a long-term or recurring physical, mental, sensory, psychiatric or learning impairment and: 

  • Who Considers themselves to be disadvantaged in employment by reason of that impairment, or 
  • Who believes that employer or potential employer is likely to consider them to be disadvantaged in employment by reason of that impairment: and 
  • Includes persons whose functional limitations owing to their impairment may have been accommodated in their current job or workplace 

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Note: Visible minority refers to whether a person belongs to a visible minority group as defined by the Employment Equity Act and, if so, the visible minority group to which the person belongs. The Employment Equity Act defines visible minorities as "persons, other than Indigenous peoples, who are non-Caucasian in race or non-white in colour".
 

 

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