AML Specialist

Permanent

Department: International Operations (600)

30 Adelaide Str, East
Toronto, Ontario, M5C 3G9
Canada

Number of Positions: 1

Who we are

With its global headquarters in Toronto, Canada, International Financial Data Services (IFDS) is a world-leading provider of outsourcing and technology solutions to the financial services industry. IFDS services over 240 financial organizations around the world, providing solutions to a wide range of global asset managers, wealth managers, banks, and insurance companies. The IFDS enterprise supports more than 17 million accounts with AUA of approximately CAD $4 trillion. IFDS Canada is a 50/50 joint ventures between Boston-based State Street Corporation, one of the world’s leading providers of financial services to institutional investors, and Connecticut-based SS&C Technologies, a global provider of investment and financial software-enabled services and software for the global financial services and healthcare industries.

Imagine yourself at IFDS

Come experience a community like no other at International Financial Data Services (IFDS). We offer work opportunities driven by a passion for creating market leading financial solutions, and a culture that nurtures collaboration, accountability, diversity & inclusion, and continuous learning. We’ll provide you with opportunities to develop your career. From ongoing training and development programs to experiences working with our global financial services partners, you’ll be able to realize your full potential.

Role overview

An AML Specialist primarily reviews documentation for new customer accounts, pre-existing accounts and ongoing shareholder maintenance to ensure that they are compliant with the procedural requirements. This includes evaluating low, medium and high-risk accounts. In addition, the AML team is responsible for all New Account, Set up’s, Static Data Changes, and New Dealer Setup’s.

Role Responsibilities

• Work closely with Management and Compliance to ensure Lux 12-02 AML requirements are effectively carried out during the administration of account/brokers set ups, account/broker maintenances.
• Communicate effectively and efficiently with the IFDS Lux Registration team and other departments (e.g. Customer Services, Dealing Teams) and Clients.
• Provide support and oversight into Registration outsourced services.
• Obtain requirements from clients to ensure adherence to established policies and procedures; liaison with clients for missing documentation.
• Strongly adhere to existing procedures and controls in place and proactively react when foreseeing issues; ensure that checklist, job aids and system changes are updated and followed.
• Initiate problem recovery, correction strategies, procedural and process enhancements; take concrete steps to prevent and to reduce error reoccurrences in the future.
• Recognize the importance of accuracy and high standards of quality during monitoring and execution Registration tasks.
• Analyze and evaluate complex problems / issues linked to controls or maintenance of registered shareholder and broker.
• Responsible for the administration of KYC/AML legal requirements upon day-to-day transactions.

Minimum Qualifications

• 1–2 years of experience working with AML functions
• Able to make and receive calls; ask clarifying questions; listen effectively; and communicate clearly in both written and verbal form with internal and external clients
• Proficient with MS Office, Outlook, Windows, and multiple applications; able to meet productivity and quality targets
• Demonstrated ability to contribute to a collaborative, engaged team environment
• Strong organizational skills, ability to maintain accurate documentation, and consistently meet deadlines
• Willing to work flexible hours driven by client needs and seasonal volumes (availability between 9:00 AM and 8:00 PM, with required core coverage of 9:00 AM–5:30 PM and/or 11:30 AM–8:00 PM)
• Able to work under pressure while maintaining high accuracy
• Works independently without needing frequent supervision
• Logical and analytical thinker; able to evaluate complex issues, apply regulatory and compliance requirements (AML, OFAC/PEP, criminal name checks), and identify process improvements; adheres to procedures and proactively escalates potential issues
• Capable of working in a high‑volume environment with strong analytical and process‑oriented thinking

Nice to Have

• Bilingual in English & Spanish, English & French, or English & Luxembourgish (written and spoken).

AODA Statement

IFDS Canada encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodation needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

Salary Range

Salary Range (CAD $): $60,000 - 76,000

The above reflects an industry-benchmarked target compensation range. The salary offered may vary based upon the candidate’s skills and experience, job-related knowledge, and other specific business needs.

IFDS Provides:

-**Total Rewards:**IFDS offers a comprehensive, competitive compensation & benefits package -**Work-Life Balance:**IFDS offers a hybrid work environment with our office located in the downtown core within walking distance to Union Station and the PATH -**Professional Development:**IFDS offers continuous learning opportunities, leadership development & training programs -**Inclusive Culture:**Our inclusive work environment supports equity and values diversity -**Wellness Programs:**Access to a variety of wellness initiatives, mental health support, and employee assistance programs -**Community Engagement:**Participate in volunteer opportunities and give back to our community through our various social care programs