Compliance Analyst

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You’ll work with dynamic colleagues – experts in their fields – who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you’ll have new and exciting opportunities to make life brighter for our Clients – who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

Position Summary:

This position reports directly to the Director, Compliance supporting the International Business Unit (“Business Unit”). The position is responsible for supporting the compliance risk management programs relevant to the International Life and Wealth businesses. The Compliance Analyst is an individual contributor role within the Sun Life International Compliance Department.

The position is responsible for day-to-day compliance program activities under the supervision of an Associate Director, Director and/or AVP. The position may provide direct support for the Financial Crime Compliance and Privacy and Regulatory Compliance Management Programs. This includes review of transaction monitoring and watch list screening alerts, research regarding suspicious activity support for regulatory examinations, internal audits and other regulatory matters as appropriate. The position may provide support for internal and external reporting.

The position is located in Hamilton. It plays a key role in assisting Sun Life licensable businesses meet and comply with Bermuda’s Proceeds of Crime Act and related Acts and Regulations; Canada’s PCMLTFA; OSFI Guidelines regarding AML/ATF controls and other AML / ATF, AB&C and Sanctions requirements as applicable.

Position Responsibilities:

• Provide direct support to the Financial Crime Compliance areas including AML/ ATF / AB&C, Sanctions, Fraud and Tax Evasion controls programs.
• Review of Internal Suspicious Activity Reports (ISARs) and associated research
• Review transaction monitoring and watch list screening alerts and escalates matters to the Money Laundering Reporting officer (MLRO) or Business Unit Compliance Officer (BUCO) as necessary.
• Supports the BUCO and team in providing a comprehensive monitoring program related to regulatory risks and controls.
• Assist with testing on existing procedures to ensure their effectiveness in meeting the needs of the business and regulatory requirements.
• Participate in annual risk-based compliance testing of existing procedures and controls.
• Maintain familiarity with company risk management policies and procedures.
• Participate in compliance projects as needed.
• Contribute to and help maintain management records, procedures and reports as needed.
• Assist in the development and presentation of Financial Crime Compliance training for relevant staff to enhance overall understanding of controls and the control environment.
• Encourage, promote and enhance a culture that supports the Code of Conduct, encourages ethical behaviour and a commitment to compliance with applicable laws and regulations.
• Adhere to Sun Life policies and procedures to maintain effective compliance with legal and regulatory standards.

Position Requirements:

• Bachelor’s Degree or equivalent work experience.
• 2-5 years work experience in compliance, fraud, anti-money laundering/anti-terrorist financing, anti-bribery & corruption, risk, regulation, and or law enforcement agency in a similar capacity
• Some experience in the Insurance Sector.
• A Compliance designation is an asset e.g. CAMS, ICA or equivalent.
• Working knowledge of the life insurance and investment businesses, including products and internal administrative processes is a plus.
• Strong analytical skills including the ability to conduct transaction monitoring and watch list screening.
• Strong research skills with the ability to provide comprehensive information on findings, and articulate well-written case recommendations.
• Flexibility to assume additional projects and responsibilities as needs arise.
• Demonstrated ability to working in a deadline-oriented environment with multiple priorities.
• Demonstrated ability to work both independently and within a team-oriented setting.
• Strong communication (written and oral), research and presentation skills.
• Strong computer and database skills, including proficiency with Microsoft Office.

Job Category:

Compliance

Posting End Date:

01/08/2024

Read Full Description