Analyst, AML & Sanctions Compliance

Toromont Industries Ltd. (“Toromont”) is looking to hire a permanent, full-time Analyst, AML & Sanctions Compliance, who will support the ongoing development, monitoring, and execution of the company’s Anti-Money Laundering (AML), Anti-Terrorist Financing (ATF) and sanctions compliance program. This position ensures Toromont meets its regulatory obligations and is responsible for assisting in the implementation, execution, monitoring and continuous improvement of Toromont’s enterprise-wide AML/ATF and sanctions compliance program.

The role supports ongoing compliance with applicable Canadian legislation, regulations, regulatory guidance and reporting requirements, including under the PCMLTFA, FINTRAC requirements applicable to financing and leasing entities and other relevant business operations. It is also key in supporting investigations, risk assessments, policy maintenance, and reporting.

Reporting into Corporate Finance with a strong functional, dotted-line reporting relationship with the Legal Department, the incumbent will work cross-functionally with Sales, Operations, Finance, Legal, Treasury, Procurement, Information Technology, Internal Audit and Human Resources to translate regulatory requirements into practical operational controls, policies, procedures, systems, training and governance processes. The role is intended for a compliance professional who can support a risk-based program in a large, decentralized, publicly traded organization.

Full Time, Permanent

$78,000.00 to $90,000.00

The listed base salary is just one component of our total rewards package, and performance-based or discretionary bonuses may be available.

• Assist in developing, implementing and maintaining the Company's AML/ATF and sanctions compliance framework.
• Support business units as the primary contact in applying Toromont ’ s AML/ATF and sanctions compliance framework consistently and effectively by providing guidance on AML/ATF regulations, sanctions, internal policies, and compliance expectations, including onboarding, screening, escalation and reporting requirements.
• Support the Compliance Officer and senior management in maintaining an effective, risk-based compliance program.
• Participate in annual compliance planning, program governance and remediation tracking.
• Stay current with legislative, regulatory and enforcement developments and assess their implications for the business.

• Support business units in the implementation and oversight of customer identification, verification processes, beneficial ownership, third-party determination, politically exposed person (PEP), head of international organization (HIO), adverse media and enhanced due diligence processes and documentation requirements.
• Conduct and support enterprise-wide AML/ATF and sanctions risk assessments for products, business lines, customers and operational areas, as appropriate.
• Advise business units on escalation triggers, exceptions, risk ratings and ongoing monitoring obligations.
• Maintain records demonstrating compliance with applicable due diligence and recordkeeping requirements, including risk assessment documentation, risk registers, action plans and evidence of control effectiveness, as appropriate.

• Administer and enhance sanctions and terrorist screening programs covering customers, suppliers, vendors, agents, dealers, employees, directors, officers and other counter parties, as applicable.
• Ensure ongoing screening against applicable sanctions, terrorist and watch lists, and develop and support list update procedures.
• Investigate, document and resolve potential sanctions, terrorist-list and politically exposed person matches with the business units and elevate as appropriate in accordance with internal procedures.
• Support screening system testing, change management and evidence retention.

• Review unusual or potentially suspicious transactions, activity patterns, customer behaviour and payment activity.
• Conduct…