Compliance & Loss Prevention Specialist

Compliance & Loss Prevention Specialist

Dartmouth, NS

Reference # HL-CDC-8954

For more than 50 years, Charm Diamond Centres has been celebrating Canadian love stories with beautifully crafted, ethically sourced diamonds. As Canada's trusted family owned and operated destination for diamond engagement rings and fine jewellery, they are proud to offer the country's largest selection of Canadian diamond jewellery.

We are thrilled to partner with them as we look to bring a Compliance & Loss Prevention Specialist to their headquarters in Dartmouth!

The Compliance & Loss Prevention Specialist is responsible for ensuring the company's full compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), all associated FINTRAC regulations and the company's loss prevention strategy. This role oversees the development, implementation, and maintenance of the company's Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance program across all vendors and retail, e-commerce, and corporate sales channels as well as loss prevention policies and procedures across all stores and head office.

Responsibilities will include:

• Serve as the primary point of contact for FINTRAC and AML authorities.
• Ensure the company's compliance program is up to date and aligned with FINTRAC requirements.
• Maintain, enhance and enforce policies and procedures for AML/CTF compliance, including Know Your Customer (KYC), record-keeping, ongoing monitoring, effectiveness reviews, ministerial directives and reporting.
• Oversee transaction monitoring systems, investigate unusual or suspicious activity and make suggestions to improve such systems.
• Oversee and perform ongoing monitoring of customer relationships and determine whether business relationships exist requiring enhanced due diligence.
• Implement proactive measures to mitigate risks under the PCMLTFA and ensure all reportable instances are captured.
• Ensure all necessary staff are aware of their responsibilities in identifying and gathering evidence for reportable transactions and interactions.
• Effectively communicate compliance responsibilities to field employees in an accessible and practical manner as it relates to their on-the-job responsibilities.
• Develop risk assessment framework to evaluate AML risks relevant to the business.
• Conduct and document comprehensive risk assessments in accordance with FINTRAC guidelines for all business lines, including vendor relations and retail, online, and corporate sales.
• Review and update risk assessments periodically.
• Maintain and update policies and procedures to help reduce risk of theft.
• Work with Operations and sales management teams to ensure training and policy review is rolled out across all stores.
• Work with management to identify and address security risks relevant to the jewelry industry as well as specific stores.
• Analyze transaction data in conjunction with surveillance footage to verify adherence to loss prevention protocols at the store level.
• Lead inventory counts and perform audit investigations.
• Other related duties as required.

The ideal candidate will possess:

• CAMS, CACM or other AML certifications are considered a strong asset.
• Experience with FINTRAC guidelines is an asset.
• 3+ years of experience in compliance, audit, or financial regulation.
• Strong knowledge of AML/CTF best practices.
• Experience in retail or high-value goods sectors (e.g., jewellery, luxury goods) is an asset.
• Excellent analytical, communication, and organizational skills.

This is a unique opportunity to join our client's team and play a key role in their organization! Connect with us to learn more or apply now.

To express interest in this opportunity please apply online by clicking the link below:

Compliance & Loss Prevention Specialist

For more information about this exciting opportunity please contact Heather Labucki, Partner, or Sara Morey, Consultant, at [email protected] If you require accommodation to participate in the recruitment process, please let Sara Morey know.

Meridia Recruitment Solutions connects leading organizations with top talent by building strong relationships and creating ideal matches with candidates because we are only successful when you are. We appreciate your interest in this opportunity.

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