Custody KYC/AML Manager

Custody Services Toronto, Ontario


Custody KYC/AML Manager

Toronto, Canada


About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 80 offices worldwide. With more than $1 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

For more information about Citco, please visit

About the Team & Business Line:

Citco Bank provides fully integrated transaction, deposit, foreign exchange and credit facilities to our Fund Services and Governance Services clients. Operating in strategic global centres Citco Bank provides access to best of breed process and technology.

As a core member of our Custody team, will work closely with internal stakeholders and cross-functional teams to minimize operational risks and ensure our clients experience seamless delivery across banking services.

Your Role:

  • You will lead the AML function for Citco Custody in the Americas by overseeing the implementation of the AML policy and ensuring compliance with all local requirements for the different Custody Entities in Europe.
  • You will understand and remain fully abreast on all relevant AML regulations for each Custody Entity and the jurisdictions its clients invest into along with all the applicable international financial regulations and compliance requirements.
  • You will be responsible for implementing policies and procedures to ensure Citco’s custody client accounts with underlying investments are fully compliant.
  • Together with Citco’s extended compliance function, you will be responsible for the design and implementation of processes and protocols on AML/KYC, have a close working relationship with all stakeholders to ensure successful implementation of the AML/KYC program.
  • You will ensure an institutional level AML/KYC program for Citco Custody, utilizing internal systems, processes and controls to help detect, monitor and issues for Custody clients.
  • You will ensure that Citco’s clients aren’t exposed to having accounts blocked due to ongoing underlying administrators KYC/AML checks.
  • You will work closely with multiple stakeholders, especially clients, to explain the need for a robust KYC/AML program and be solution-focused in their interactions.
  • You will advise on the content and creation of policies and processes necessary to ensure full AML compliance.
  • You will act as an escalation point for all KYC/AML Custody matters.
  • You will be briefing and reporting to senior management on matters relating to AML compliance policies and procedures.
  • You will lead a team within the Custody Line of Business to facilitate seamless delivery of Custody KYC/AML service.
  • You will work closely with AML experts and the business to ensure there is sufficient education and understanding on AML matters.
  • You will work within the Custody team but liaise with Citco group compliance on corporate compliance and policy and technology solutions.
  • You will meet with Custody clients to advise and consult on the application of the Fund’s AML program.
  • You will have in-depth understanding of current AML regulations in main investment fund jurisdictions (e.g. Cayman, Ireland, Luxembourg) and industry developments and how they will impact our business and clients.
  • You will remain current and informed about relevant local legislative and regulatory developments.
  • You will review and maintain relevant policies and procedures as local legislation and requirements are amended.
  • You will prepare educational materials on same for internal and external consumption.
  • You will provide thought leadership setting out Citco’s response to AML developments and how we can assist.


About You:

  • You have a Bachelor’s degree in Business Administration/Accounting/Finance or Economics.
  • You have 6-8 years of KYC/AML experience in financial/fund services industry.
  • You have a decent knowledge of compliance and regulatory matters, specifically Know Your Customer (KYC) and Anti-Money Laundering (AML).
  • You have a prior experience as a Compliance Officer and as a Money Laundering Reporting Officer.  
  • You can demonstrate an ability to work independently and in a team environment.
  • You have strong verbal, written and interpersonal skills and the ability to liaise with all levels of management.
  • You are an excellent communicator.
  • You have advanced knowledge of Microsoft Applications (Word, Excel, etc,).


Our Benefits

Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We recognize diversity as a source of organizational pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.