Sumitomo Mitsui Banking Corporation – KYC Analyst – Toronto, ON

Company: Sumitomo Mitsui Banking Corporation

Location: Toronto, ON

Expected salary:

Job date: Thu, 22 May 2025 01:36:37 GMT

Job description: Role DescriptionThe position is primarily responsible to conduct key KYC/AML tasks including customer onboardings, KYC periodic reviews, action material/non-material trigger events, and maintenance of customer information in Branch systems (i.e., KYC system). The KYC Analyst will play an important role to ensure continuous compliance by the Branch with legal and regulatory KYC/AML requirements.The KYC Analyst will provide assistance and support to other team members, to Branch staff (i.e., Relationship Managers) and to the Department Head/Team Leader of the KYC DepartmentRole Objectives: DeliveryKYC/AML Compliance

  • Responsible for supporting Branch Front Office Teams in executing the Branch’s Know Your Customer (KYC), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) requirements, as applicable, on all new and existing customers and non-customers.
  • Responsible for the accurate and complete opening and input of new customers in the KYC / Customer Information File (CIF) System
  • Responsible for maintenance of key customer data in the relevant product-level sub systems of the Branch.
  • Responsible for ensuring that KYC/AML information is kept up to date based on documents / instructions received from clients and/or as independently sourced by the Branch during KYC periodic reviews.
  • Responsible for analyzing and advising on KYC requirements for new and existing customers based on the products being requested.
  • Responsible for performing adverse media, politically exposed person (PEP) and sanctions screening of customer names, customer affiliated parties and account affiliated parties prior to input into the respective system(s).
  • Responsible for the circulation of new customer onboarding information for Branch Management approval.
  • Responsible for conducting KYC periodic reviews of customer profiles and documentation with frequency based on the risk level of the customer.
  • Responsible for conducting KYC off-cycle and trigger-based reviews (i.e., based on changes to customer circumstances).
  • Responsible for adherence to the KYC Periodic Review schedule as well as ad-hoc timelines driven by business need, including identifying and escalating any issues promptly.
  • Responsible for reviewing and adjudicating sanctions screening alerts for wire payments in the Branch’s sanctions screening system.
  • Responsible for reviewing and adjudicating sanctions screening alerts for customer, customer affiliated parties and account affiliated parties in the Branch’s sanctions screening system.
  • Responsible, as assigned, for reviewing and adjudicating AML transaction monitoring alerts in the Branch’s transaction monitoring system.
  • Other compliance related projects or tasks as assigned.

File & Document Management

  • Creation and maintenance of an organized and accurate customer folder structure, which is saved on a common shared drive to ensure easy access to KYC Customer files.
  • Responsible for assessing whether corporate documents such as incumbency certificates, banking resolutions, etc. meet the KYC/AML requirements of the Branch.
  • Responsible for assisting administration teams with the centralized electronic filing of KYC/AML related documentation in the Branch’s document management system.
  • Support the KYC Team’s adherence to the Branch’s record retention requirements, such as but not limited to archiving expired / closed documentation for off-site storage or initiating destruction in accordance with applicable record retention policies.

Customer Service and Outreach

  • Follow-up on outstanding documentation requests with Front Office staff.
  • Timely and accurate response to customer enquiries as required.

Training

  • Provide training and guidance to team members and/or branch staff in relation to KYC/AML activities, procedures, requirements and/or systems.
  • Report any training needs to Team Leader for assessment and/or action.
  • Complete cross training for broader Corporate Compliance & AML Compliance activities as assigned by Team Leader and/or Executive Director of AML Compliance.

Reporting & Metrics

  • Support the compilation, analysis & reporting of recurring metrics and/or management reporting.
  • Preparation and circulation of department reports (shared internally).

Delegated Approvals

  • Complete relevant approvals for Department Head/Section Head when tasks within the KYC Team have been delegated.

RESPONSIBILITY:No direct supervisionJOB SPECIFICATIONS:Education:

  • Bachelor’s degree is required, ideally in business, economics, or similar major. A professional designation is an asset.

Experience:

  • Minimum 3 years of progressive experience in a KYC, compliance and/or AML role, preferably from a federally regulated financial institution (bank) or regulator.
  • Preferably 2 years of experience in commercial/corporate banking.

Skills:

  • Working knowledge and experience in the operation of a Schedule III foreign bank branch.
  • Working knowledge of the Canadian AML legislation and regulations as well as FINTRAC guidance with relevance to KYC/AML.
  • Good communicator with a high level of written and oral communication skills.
  • Excellent organizational skills and an ability to manage multiple projects at once, making sure you meet quality delivery amidst available resources and time constraints.
  • Enthusiasm and drive for delivering results.
  • Problem-solving and decision-making skills, with the ability to analyze and distill complex information to identify the key issue/action and drive resolution.

Qualifications and SkillsTime pressure/deadlines Considerable
Stress of multiple demands Considerable
Attention to details Considerable
Environment Hybrid – Open office and remoteAdditional RequirementsSMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges. In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. SMBC provides reasonable accommodations for employees with disabilities consisted with applicable law. If you need reasonable accommodation during the application process, please let us know as SMBCCB_Accessibility_Canada@smbcgroup.com. SMBC is an EO employer – M/F/Disability

Ebury – Senior KYC Onboarding Analyst – 1 Year FTC – Toronto, ON

Company: Ebury

Location: Toronto, ON

Expected salary:

Job date: Thu, 27 Mar 2025 08:16:13 GMT

Job description: Ebury is a leading global fintech company that empowers businesses to trade and grow internationally. It offers a comprehensive suite of products, including international payments and collections, FX risk management, trade finance, and API integrations. Founded in 2009 by Juan Lobato and Salvador García, Ebury is one of the fastest-growing global fintechs, with over 1,700 employees and 38 offices in more than 25 countries.Senior KYC Onboarding Analyst – 1 Year ContractEbury Toronto – Hybrid: 4 days a week office-based working, 1 day working from home.Ebury has high standards when it comes to working with clients. We need to make sure that the clients we serve and the transactions we carry out respect all the legal, regulatory and ethical standards. This means that when we onboard a client, we need to perform a very important screening on the prospect and the transactions this client would like to do via us. And this is where you come in!Responsibilities:

  • Safeguarding Ebury, our existing Clients and prospective Client relationships from financial crime risk – including money laundering, terrorist financing, bribery and corruption, fraud, sanctions risk, tax evasion and reputational risk
  • Performing anti-financial crime checks as part of the Ebury Onboarding process for corporate clients in compliance with relevant legislative, regulatory and internal requirements
  • Comprehensive CDD and EDD checks for corporate clients, including the KYC process, identification and analysis of complex ownership structures, financial statements and transaction patterns
  • CDD/EDD analysis across all types of legal entities and business sectors in a variety of jurisdictions with an emphasis on local clients
  • Direct contact with clients
  • Presentation of Ebury’s onboarding requirements to clients in a clear and compliant manner
  • Identification of red flags and exposure to financial crime risk, including escalation to Compliance and Senior Management where required
  • Making risk-based decisions to onboard or reject applications
  • Efficient management of a personal portfolio of onboarding cases
  • Proactive follow-up with clients and sales representatives to ensure timely completion of onboarding analysis
  • Documenting client files in a structured format compliant with internal requirements
  • Identifying opportunities for improvement within the onboarding process
  • Assist in preparation and management of data and information required for internal and external audits
  • Support ad-hoc projects within the department and wider business as required
  • Validation of checks carried out by other members of the team
  • Support in training delivery
  • Supporting the Supervisor with team management responsibilities

Requirements:

  • Minimum 2-3 years of experience conducting CDD and EDD with corporate, complex client segments including Trust & Corporate Service Providers, Non Governmental Organisations and Charities, MIFID and Funds in Canada.
  • Fluency in English/French or other languages.
  • Advanced knowledge of red flags and financial crime typologies relevant to the payments and FX space
  • Proactive, with the ability to work effectively within a fast-paced and high-pressure environment
  • Highly organised, with the ability to work to deadlines, multi-task, and prioritise and re-prioritise workload as needed
  • Diligent, with excellent attention to detail
  • Effective critical thinking skills, with the ability to find solutions to problems independently
  • Strong communication skills, both written and verbal including working alongside the Front Office
  • Co-operative, and comfortable working in a team environment, including remote teams
  • Curious and engaged, who takes ownership of their own learning journey by asking questions and seeking out new information
  • Adaptable, with the ability to cope with changing products, processes and procedures
  • Motivated and driven, with a desire to make Ebury a success
  • Experience of direct client contact within financial services is a plus

About UsEbury is a FinTech success story, positioned among the fastest-growing international companies in its sector.Founded in 2009, we are headquartered in London and have more than 1700 staff with a presence in more than 25 countries worldwide. Cultural diversity is part of what makes Ebury a special place to be. From Sao Paulo to Dubai, Bucharest to Toronto, we enjoy sharing team experiences and celebrating success across the Ebury family.Hard work pays off: in 2019, Ebury received a £350 million investment from Banco Santander and has won internationally recognised awards including Financial Times: 1000 Europe’s Fastest-Growing Companies.None of this would have been possible without our proudest achievement: our great people. Enthusiastic, innovative and collaborative teams, always ready to disrupt and revolutionise the fast-paced FinTech sector.We believe in inclusion. We stand against discrimination in all forms and have no tolerance for the intolerance of differences that makes us a modern and successful organisation. At Ebury, you can be whoever you want to be and still feel a sense of belonging no matter your story because we want you and your uniqueness to help write our future.Please submit your application on the careers website directly, uploading your CV / resume in English.