Compliance / Control Assurance Officer / Manager

PURPOSE OF POSITION

• To provide expert accounting and financial advice in support of compliance issues through the financial analysis of accounting methods and procedures.
• Conduct inspections/investigations into the use of trust funds to support decision making of the Bereavement Authority of Ontario.

KEY RESPONSIBILITIES

• Proactively conducts comprehensive financial analyses of annually submitted licenses licensure reports, financial statement, and audit/review engagement reports to ensure the appropriateness of accounting methods and practices. Confirm strust account investments are in compliance with the legislation regarding care and maintenance, paid trust money, trust accounts and trust funds.
• This applies to personal and business licensees from the funeral, faster service, cemetery, and crematorium industries.
• Performs risk assessments and conducts the inspection and investigation on identified red flags of violations of the Act and/or complaints.
• Exercises professional judgment and determines whether a licensee has contravened or failed to comply with the Act and reports on the conduct and activities of licensee.
• Prepares financial review, arrange exhibits (e.g. accounting records, correspondence, agreements, and inspection/investigation reports of finding) and provides recommendations for the applications of license conditions, discipline, including revocation of licenses, and/or prosecution.
• Assists senior management in the review and assessment of complaints and non-compliance issues.
• Assists with follow up to ensure corrective action has been taken in compliance and discipline matters as determined by the Registrar, in conjunction with e senior managers. Prepares complaints and discipline matters.
• Makes recommendations to senior management and the Registrar on appropriate action to be taken in cases of non-compliance, suspected fraudulent activity requiring further investigation and follows up on financial audits.
• Provides advice and recommendations regarding conditions to place on a license based on analysis of trust accounts and funds.
• Responds to inquiries and provides education and support to stakeholders regarding trust accounts, funds and related matters including the interpretation and application of relevant sections of the Act.

QUALIFICATIONS

• CA and/or CPA designation (or working towards)
• Post-secondary education in accounting or finance
• Minimum of 3 years of progressive experience as a financial analyst, trust accountant and / or audit experience process testing or quality assurance.

Important Requirements

• Knowledge of CSAE 3530-3531 Canadian Standard on Assurance Engagements - Compliance Reporting.
• Excellent understanding of current financial investment methods.
• Excellent written and oral communication skills.
• Ability to be detail oriented and work in a fast-paced environment.
• Strong technical/database proficiency, with a focus on extracting data and data integrity.
• Advanced proficiency using MS Excel.
• Experience managing trust accounts is an asset.

About the opportunity:

• Reporting to the Senior Manager, AML & Privacy Compliance, and the AML Compliance Analyst will help ensure that business units are compliant with government anti-money laundering legislation.
• In addition, the AML Compliance Analyst will provide support to the business units in AML compliance matters, assist with AML policies and procedures, department audits, perform investigations of unusual account activity for the FI including recommending and filing Suspicious Activity Reports with FINTRAC and other ongoing projects related to AML compliance.

About the day-to-day

• Review and independently assess cases derived from unusual activity reports submitted by internal business units, employees and program managers.
• Conduct an end-to-end review of potential suspicious activity.
• Utilize systems and open source tools to conduct investigations.
• Compare observed activity with client KYC expected activity profiles for anomalous transactions or behaviors.
• Administer the implementation of regulatory compliance control databases.
• Ensure that actual and potential compliance violations and risk situations are pro-actively identified, investigated and resolved or escalated in an appropriate and timely manner.
• Assist with monthly AML audits of various business units/branches.
• Assist with keeping AML/ATF related policies and procedures current.
• Maintain current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.