Compliance Analyst, Plooto
B2B payments & receivable platform
Be an early applicant
B2B payments & receivable platform
101-200 employees
Be an early applicant
101-200 employees
Company mission
To build the financial engine to power companies today—and tomorrow.
Role
Who you are
- The ideal candidate will have a strong understanding of Know Your Customer (KYC), Beneficial Ownership Due Diligence (BODD), Enhanced Due Diligence (EDD), and AML compliance in the payments industry
- Bachelor’s degree in Finance, Law, Business, or a related field
- Certification in AML/KYC Compliance (e.g., CAMS, CFCS, ICA, or equivalent) is a strong advantage
- 2+ years of experience in AML compliance, KYC, or due diligence roles in the payments, banking, or financial services industry
- Experience conducting corporate due diligence and analyzing ownership structures
- Proficiency in using AML/KYC tools (e.g., Persona, Jumio, LexisNexis, ComplyAdvantage, Refinitiv World-Check, OpenCorporates)
- Strong research skills to assess corporate records, UBO disclosures, and regulatory filings
- Knowledge of AML regulations (FINTRAC, FinCEN, OFAC, FATF guidelines)
- Excellent attention to detail and analytical thinking
- Strong written and verbal communication skills to present findings clearly
- Ability to work independently and in a team within a fast-paced environment
What the job involves
- We are seeking a detail-oriented UBO Compliance Analyst to conduct Ultimate Beneficial Owner (UBO) checksand ensure compliance with Anti-Money Laundering (AML) regulations across Canada and the United States
- This role involves verifying business ownership structures, assessing financial crime risks, and ensuring compliance with regulatory frameworks such as FINTRAC (Canada), FinCEN (U.S.), and other applicable laws
- Conduct UBO checks on new and existing corporate customers to determine ownership structures and controlling parties
- Analyze complex corporate hierarchies, offshore entities, trusts, and layered ownership to identify ultimate beneficial owners
- Ensure compliance with AML regulations, such as Canada’s PCMLTFA and U.S. Bank Secrecy Act (BSA)/FinCEN requirements
- Assess financial crime risks associated with UBOs, including sanctions exposure, PEP (Politically Exposed Person) status, and adverse media screening
- Identify high-risk entities and escalate cases requiring Enhanced Due Diligence (EDD)
- Work with compliance and risk teams to monitor ongoing changes in ownership structures
- Maintain accurate KYC and UBO records, ensuring full regulatory compliance
- Prepare detailed reports on UBO findings for internal audits and regulatory filings
- Assist in Suspicious Activity Report (SAR/STR) filings when necessary
- Work closely with AML officers, risk analysts, and payment operations teams to strengthen compliance processes
- Stay up to date with regulatory changes in Canada and the U.S. impacting beneficial ownership rules
- Suggest process improvements and automation tools to enhance UBO verification efficiency
Our take
Plooto was formed to solve a really big problem - that the majority of all businesses fail due to poor management of finances and cashflow. Traditional solutions for small businesses are expensive or faulty, leaving many owners to rely on consumer products or send checks.
Plooto offers cash flow management tools that enable businesses to automate accounts payable and receivable functions under a single platform. To find a solution that does both is rare, which is why the company has garnered both interest and investment since founding.
The company's success will likely rely on its ability to address the challenges of as many entities as possible, which is has continued to invest in further customizing its product. So long as it can answer the evolving needs of the space, we predict a bright future for Plooto.
Freddie
Company Specialist at Welcome to the Jungle
Insights
48% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Dec 2022
$20m
SERIES B
Apr 2021
$5.6m
SERIES A
Total funding: $28.7m
Company benefits
- Health & dental plans - Includes 100% coverage of prescriptions and $2,000 for paramedical care (like massage therapists, and chiropractors)
- Mindfulness apps - Full subscriptions to meditation apps (including Calm, Headspace, and 10% Happier)
- Work/life balance - Flexible work-from-home policies, generous general leave options, and a home office stipend
- Team building - Regular social events, including catered lunches, live and virtual coffee chats, and after-work socials
- Career building - Opportunities for training and professional development, plus access to industry events in the Toronto tech community
Company HQ
CityPlace, Toronto, ON
Leadership
Serguei Kloubkov
(Founder & Co-CEO)Earned their stripes as a developer at DataLink before starting Vast, a successful Casual Games company where they single handedly wrote the entire game engine for Hard Hitting Hockey.
John McLane
(CEO)Has over 20 years of experience in enterprise software spanning private equity, finance, strategy and operation.
Share this job
View 2 more jobs at Plooto