AML Specialist

This is a fully remote position, open to applicants in Canada.

📋 Description

• Develop and oversee the comprehensive risk-based compliance program.

• Execute, support, and monitor systems and processes pertaining to AML, ATF, sanctions compliance, and risk management.

• Ensure adherence to applicable legislation on a daily basis.

• Coordinate and sustain regulatory compliance procedures along with ongoing monitoring.

• Serve as a primary contact for FINTRAC.

• Identify and evaluate inherent money-laundering risks.

• Analyze industry trends and regulatory changes, proposing control mitigations accordingly.

• Review operational alerts and financial account activities to detect non-compliance.

• Investigate suspicious activities and potential matches with watchlists.

• Analyze and review FINTRAC-related reports, including Large Cash Transaction Reports, Suspicious Transaction Reports, and Electronic Funds Transfer reports.

• Conduct transaction monitoring, analysis, and risk assessments.

• Report findings, including decisions regarding STR filings.

• Examine member documentation and pinpoint high-risk memberships for ongoing monitoring.

• Evaluate reports to uncover member activity patterns, AML and terrorist financing trends, as well as operational exposures.

• Coordinate regular compliance reporting and auditing obligations.

• Perform de-service/de-market assessments and offer recommendations.

• Enhance efficiencies within compliance processes.

• Identify training opportunities related to AML compliance.

• Provide compliance guidance to branch sales teams and operations.

• Collaborate with Learning & Development to ensure current compliance training for staff.

• Advise on high-risk business operations and member activities.

• Work in partnership with departments, external partners, agencies, and vendors on compliance initiatives.

• Assist the wider Risk Management team with AML and fraud alert processes.

⛳️ Requirements

• A minimum of 3-5 years of experience in a related compliance or regulatory position.

• Strong knowledge and understanding of AML compliance and regulatory requirements, as well as Risk Management and Compliance practices and policies.

• Experience with FINTRAC regulations and reporting.

• Familiarity with AML transaction monitoring and reporting systems.

• Understanding of credit union operations or financial institution environments.

• AML-related certifications such as CAMS or CAMLI designations are advantageous.

• An equivalent combination of the above qualifications may also be considered.

🏝️ Benefits

• Performance bonuses linked to shared objectives.

• Comprehensive health coverage, including support for mental health.

• Dental care services.

• Disability coverage.

• Vacation and personal days off.

• Generous RRSP contributions.

• Access to in-house financial advice.

• Flexible options to supplement your own retirement contributions.

• Complimentary banking accounts.

• Exclusive mortgage and lending rates.

• Preferred financial benefits.