Responsibilities
- Implement and develop Alpaca's written AML, ATF and Sanctions policies and procedures.
- Assess and document money laundering and terrorist financing risks, as well as measures to mitigate high-risk situations.
- Ensure that policies are reviewed and updated, as needed or at least annually and when there are significant changes in business operations, product offerings, or client demographics.
- Report in a timely manner significant findings for violations or what may be deemed potential violations of the firm’s policy to Alpaca Canada’s, Chief Compliance Officer, and Board of Directors.
- Implement a process to ensure that all required checks for onboarding new client accounts include a customer identification, and verification process as prescribed by regulations.
- Create a risk based transaction monitoring system to ensure ongoing compliance with identifying any potential red flags, and AML concerns.
- Design a procedure that details what is considered a high-risk person or account and how the firm will monitor such accounts and activity.
- File all Suspicious Transaction Reports (STRs) with FINTRAC as soon as practicable and retain a copy for audit purposes. Ensure all STRs are submitted within 30 days or as needed of establishing reasonable grounds for potential suspicion activities.
- Complete and file all required monthly reports to the principal regulator, CIRO, concerning the suppression of terrorism legislation.
- Ensure that all relevant records, such as client identification documents, account opening records, and reports, are retained for a period of at least seven years, in accordance with Alpaca Canada’s policy.
- Work with the Chief Compliance Officer, as needed, from time to time to support, and supply reports and documentation as requested for internal and external auditors.
- Be responsible for the implementation and documentation of an ongoing AML compliance training program.
- Ensure that all employees receive training on AML procedures, including identifying suspicious transactions, record-keeping, and reporting requirements, as well as the potential penalties for non-compliance.
- Deliver training to new employees before they begin dealing with new clients.
- Maintain a training log with details of each session, attendees, and content.
- Serve on the Risk, Compliance & Legal Committee to achieve and implement best practices in risk management and compliance for Alpaca Canada and its subsidiaries.
- Report to the Head of Global AML & Sanctions Program, CCO and UDP on compliance matters as necessary to ensure the business is conducted in compliance with AML CIRO regulations.
- Submit an annual report to the firm’s board of directors for assessing compliance with AML CIRO Rules and applicable securities laws.
- Establish an annual independent audit for Alpaca Canada’s AML program using CIRO recognized third-party auditors.
Work Arrangement
Remote (Worldwide)
Team
Team size: 230+. Structure: globally distributed team
Additional Information
- Must align with core values: Stay Curious, Have Empathy, and Be Accountable.
- Team members are globally distributed across USA, Canada, Japan, Hungary, Nigeria, Brazil, UK, and beyond.
- Training must include compliance with United Nations (UN) Regulations.
