BF&M is a leading insurance provider with operations in Bermuda, Halifax and across the Caribbean. Our office in Halifax is located in the Burnside Business Park in Dartmouth, Nova Scotia.

Founded in 1903, BF&M takes great pride in helping their customers protect what matters most, as well as giving back to the communities in which they work. BF&M is comprised of several companies selling health, life, pension, property and casualty insurance products.

We are seeking a talented and experienced AML professional to join us on a one-year fixed-term basis as Remediation Client Due Diligence Analyst.

The Remediation Client Due Diligence Analyst will be responsible for conducting comprehensive reviews and quality assurance of all Lifeco customers forms and requests, with a focus on those identified for remediation. This role involves ensuring compliance with regulatory standards, especially pertaining to Anti-Money Laundering (AML), Know Your Customer (KYC), Foreign Account Tax Compliance Act (FATCA), and other relevant regulations. The successful candidates will collaborate closely with the Client Due Diligence Team Lead and various Lifeco Departments to ensure adherence to legal and compliance protocols.

Primary Accountabilities and Responsibilities:

• Collaborate closely with the Client Due Diligence Team Lead and Customer Service Teams to conduct quality checks on incoming applications, change/termination requests, and fund withdrawal requests, ensuring all documentation meets regulatory standards.
• Collaborate closely with the Client Due Diligence Team Lead and Customer Service Teams to conduct thorough reviews of clients flagged for remediation, ensuring all documentation meets regulatory standards.
• Conduct risk assessments to verify predetermined risk levels and understand the associated significance and scope.
• Perform thorough screenings and online investigations on clients flagged for remediation.
• Promptly report irregularities and instances of noncompliance to the Client Due Diligence Team Lead.
• Update systems to maintain accurate and up-to-date customer data.
• Work with the Client Due Diligence Team Lead to generate customer correspondence requesting updated AML/KYC documentation when necessary.
• Conduct research, gather data, and respond to remediation requests in a timely manner.
• Provide support for ad hoc projects as required.

Skills and Experience:

• Minimum of 3 years of relevant work experience in client due diligence, preferably in a remediation context.
• A thorough understanding of AML, FATCA, CRS, and PIPA requirements.
• Ability to work effectively both independently and as part of a team, manage workload efficiently, and demonstrate meticulous attention to detail.
• Excellent communication skills and interpersonal abilities.

At BF&M, great talent is at the core of our success across all jurisdictions in which we operate. Key programs are dedicated to appreciating and developing our people through training resources, performance reviews, bonus awards, sports and social events and various opportunities to share knowledge with colleagues from around the world. We strive to be an equal opportunity employer that is committed to diversity and inclusion in the workplace. We offer flexible working arrangements with a hybrid model of working in the office and at home.