AML Analyst / Analyste AML

Paramount Commerce•Toronto, ON

7h•CA$60,000 - CA$85,000•Hybrid

About The Position

We are Paramount Commerce, a leading fintech company focused on simplifying payments in Canada. Since the early 2000s, we have redefined online purchasing by introducing a way to pay directly from a bank account, bypassing credit cards or e-wallets. Our commitment is to provide the highest standards of security and risk management that support seamless payments and rich data. Reporting to the Director, AML Financial Intelligence Unit and High-Risk Customer Management, you will play a key role in the Second Line of Defense executing the Organization’s day-to-day Anti-Money Laundering (AML), Anti-Terrorist Financing (ATF), and (Economic) Sanctions compliance programs. You will be primarily responsible for conducting transactional analysis, performing customer due diligence, and assisting with regulatory reporting. In this role, your investigative instincts are our best defense. As an AML Analyst, you will dive deep into Electronic Funds Transfers (EFTs) to detect financial crime, untangle unusual activity, and champion the high data standards required by the PCMLTFA and RPAA to keep our organization - and our customers - safe. If you thrive in a fast-paced environment and want to build a world-class, risk-based compliance engine, you'll love it here.

Requirements

Strong ability to review complex transaction data and identify emerging risks or unusual patterns.
Precision in assessing regulatory reporting obligations and reviewing legal documentation.
Foundational understanding of AML/ATF laws (PCMLTFA), Sanctions, and the RPAA.
Clear written and verbal communication skills for preparing investigative reports and collaborating with internal teams.
Proactive approach to identifying potential financial crime and following leads through to resolution.

Responsibilities

Perform daily monitoring of EFT transactions to identify patterns indicative of money laundering, terrorist financing, or sanctions evasion.
Conduct thorough investigations into unusual activity and prepare detailed case files for escalation to the Director.
Analyze screening results for Sanctions, PEP, and adverse media matches, clearing false positives or escalating confirmed matches.
Assist in evaluating the effectiveness of transaction monitoring rules and suggesting adjustments based on observed trends.
Execute Enhanced Due Diligence (EDD) and Specialized Enhanced Due Diligence (SEDD) for high-risk customer profiles.
Review Know Your Customer (KYC) documentation for completeness and accuracy, ensuring all regulatory requirements are met during onboarding.
Act as a point of contact for onboarding inquiries, assist in the management of KYC/CDD exceptions, and maintain organized records of customer risk assessments and due diligence findings.
Draft Suspicious Transaction Reports (STRs) for review and submission to FINTRAC.
Assist in the preparation and filing of Electronic Funds Transfer Reports (EFTRs) in accordance with regulatory thresholds.
Support the Director in gathering documentation for regulatory examinations, internal audits, and subpoenas.
Help track remediation actions resulting from audits or internal reviews.
May require participation in regulatory audits, external investigations, and compliance assessments.
Assist in updating AML/ATF procedures and training materials to reflect operational or regulatory changes.
Track employee completion of mandatory compliance training and stay current on changes to PCMLTFA, RPAA, and industry best practices.