Due Dilligence Officer
Job Description

Due Diligence Officer
On behalf of our client in the banking industry, Procom is looking for a Bilingual Due Diligence Officer.

Due Diligence Officer - Job Details
As part of a comprehensive action plan for the prevention of money laundering and financing of terrorist activities ("AML"), the Due Diligence Analyst assesses client risk by completing the "Know Your Customer" form ("KYC"); this includes the sensitivity proposal based on the sensitivity analysis results, which are determined by an evaluation grid. The Analyst will be in direct contact with clients (internal and external) in order to obtain the documentation required by internal and external regulations. The Analyst will work closely with other due diligence officers in the BNP Paribas Group network.

The role is to perform CIB Clients due diligence analysis and checks at the client Onboarding and recertification and to contribute the overall client’s assessment in terms of KYC.

The Analyst is also in charge of maintaining the department's database, as well as preparing reports and statistics for submission to executive management on a regular basis.

Please note this position does not require any staff management.

Due Diligence Officer - Job Responsibilities

  • Understand the principles and be familiar with CIB products
  • Aware of various types of trading entities - limited, private and public companies, holding companies, hedge funds, asset managers, special purpose vehicle’s, trust’s etc
  • Complete KYC forms for compliance purposes, including the following:
  • Conduct research on legal entities in the Bank's systems as well as in official government records and other public websites
  • Conduct basic corporate financial research;
  • Conduct research on the economic activities of legal entities using available internal documents, such as credit proposals, or on public websites, such as Business Week (sector/industry type, products, services sold, localization of main suppliers, main clients and operation locations);
  • Evaluate client sensitivity according to a predetermined grid and instructions;
  • Communicate with clients, as needed, to gather information on beneficial ownership or on any other missing documents.
  • Notify the compliance/financial security department if a client's identity or documents appear fraudulent or suspicious.
  • Monitor problematic situations.
  • Verify the compliance monitoring process: have relationship managers and the business-line head sign and review the KYC form.
  • Help with process implementation and verification and participate in procedure updates.
  • Complete the form in compliance with the Bank's internal and external regulations within set timelines.
  • Manage and follow-up on reports required by financial intelligence units in Canada and Paris within the set timelines.
  • Take part in different projects under the supervision of the Head of Due Diligence.

Due Diligence Officer – Mandatory skills

  • Bachelor’s in administration or business and expertise relevant to the main duties described above.
  • 1-2 years' experience.
  • Theoretical or general knowledge of banking products and legal documentation in the banking sector.
  • Knowledge of banking sector compliance rules.
  • Good understanding of legal business structures to determine a legal entity's final beneficiaries.
  • Multi-lingual: English, French. Some roles require Spanish and/or Portuguese
  • Good knowledge of IT tools and software.

Due Diligence Officer – Nice to have skills

  • Rigorous work performance.
  • Detail-oriented.
  • Good judgement and analytical skills and take initiative.
  • Timely execution.
  • Excellent communication skills, both verbal and written.
  • Ability to manage stress and prioritize.
  • Ability to work in a team.
  • Customer service skills.
  • Organizational skills.

Due Diligence Officer - Start Date

Downtown Montreal, QC

Due Diligence Officer - Length

This is an initial 12-month contract with possibility of extension.

Job Requirements


Company Overview

For 35 years, Procom has been pushing the envelope in North American IT staffing solutions. Driven by a senior management team of seasoned recruitment professionals, we have offices in 14 locations in the US and Canada and service all major IT markets.

When we started out in 1978, tech jobs were just being integrated into the workplace. We have been a part of shaping the landscape of IT in Canada ever since, placing IT consultants in major businesses in all sectors, including banking, telecommunications, and retail.

Through all the peaks and valleys of the IT industry, we have consistently done one thing: helping IT professionals discover the next chapter in their career.

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