Private Market Onboarding Analyst
About The Position
Corpay is currently looking to hire a Private Market Onboarding Analyst within our Legal and Compliance division. This position falls under our Corpay Cross Boder line of business and is located in Toronto, Ontario. In this role, you will be responsible for conducting end-to-end client onboarding for private market clients (e.g., funds, investment managers, SPVs, trusts), ensuring compliance with applicable AML/CTF regulations and internal risk frameworks. The role focuses on delivering a risk-based, efficient onboarding experience while maintaining high standards of regulatory compliance and client due diligence. You will report directly to North American Compliance Director and regularly collaborate with team members and other departments.
Requirements
- AMS certification
- Bachelor’s degree in Finance, Law, Business, or related field
- 5+ years of experience in AML/KYC, preferably with exposure to private markets or fund structures
- Strong understanding of AML/CTF regulations and Complex corporate structures (funds, trusts, SPVs)
- Experience with screening tools (e.g., LexisNexis, Bridger)
- Familiarity with cross-border regulatory frameworks
- Strong analytical and risk assessment skills
- Attention to detail and documentation quality
- Ability to navigate complex ownership structures
- Effective communication and stakeholder management
- Ability to balance risk mitigation with commercial onboarding efficiency
Responsibilities
- Performing KYC/CDD/EDD for private market clients, including: Private equity funds, venture capital firms, hedge funds, Special Purpose Vehicles (SPVs), trusts, and complex ownership structures
- Conduct Enhanced Due Diligence (EDD) for high-risk clients, including: Complex ownership layers, High-risk jurisdictions, Politically Exposed Persons (PEPs)
- Identifying and documenting red flags, including financial crime risks (ML/TF, sanctions exposure)
- Identifying and verifying Ultimate Beneficial Owners (UBOs) and control structures
- Assessing source of wealth (SoW) and source of funds (SoF)
- Ensure onboarding aligns with: FINTRAC requirements (for Canada), Financial Crimes Enforcement Network (FinCEN) obligations (for U.S. exposure), Internal AML/CTF policies and global compliance standards
- Perform sanctions and adverse media screening using approved tools
- Escalating high-risk cases and support decision-making with Compliance/Advisory teams
- Partner with: Sales and Relationship Management teams to facilitate onboarding, Legal and Compliance teams for complex structures and risk decisions
- Provide clear guidance to business stakeholders on documentation and compliance expectations
Benefits
- Medical, Dental, Vision and Paramedical benefits, as of day one
- Optional company match RRSP program
- Virtual fitness classes offered company-wide
- Time-off including major holidays, vacation, sick, personal, & volunteer time
- Discounted gym membership rate
- Philanthropic support with both local and national organizations
- Fun culture with company-wide contests and prizes
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
