Analyst, Anti-money Laundering & Financial Crimes

Job Summary

Under limited supervision, uses specialized knowledge and skills in securities and/or banking industry compliance obtained through experience, specialized training and/or certification to monitor and investigate transactions for suspicious activity to ensure compliance with Anti-Money Laundering (“AML”) and Anti-Terrorist Financing, Sanctions rules, and regulations. Assists on projects of moderate scope and complexity and serves as a technical advisor to various business lines. Resolves or recommends solutions to complex problems. Extensive contact with internal customers is required to identify, research, and resolve problems.

Essential Duties and Responsibilities

• Conduct research utilizing available systems, databases, and the internet, consistent with the resolution of investigations. Perform reviews and analysis utilizing internal and third-party research tools.
• Document and report the investigation findings in the case management system and preparing reports to management as required.
• Draft reports detailing work performed and conclusions reached, which require minimal editing and provides a clear message including suggested corrective and/or remedial action.
• Develop metrics and reporting measures as directed to report results to Management.
• Investigate potential adverse media and sanction alerts to identify whether it is a true match to a prospective or existing client and escalate, as appropriate, to Management.
• Identify and conduct initial and yearly reviews of Politically Exposed Person (PEP), both internationally and domestic, as well as Head of an International Organization (HIO).
• Abide by policies and procedures to ensure compliance with regulations related to money laundering included in the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).
• Mentor colleagues/peers on internal AML policies, and AML and Canadian rules and regulations.
• Inform appropriate reporting parties about issues that may involve rule violations or potential liability.
• Maintain current in laws and regulations pertaining to AML compliance.
• Perform other duties and responsibilities as assigned.

Knowledge, Skills, and Abilities

Knowledge of

• Customer Due Diligence, Enhanced Due Diligence and other Know Your Client (“KYC”) policies and procedures;
• Concepts, practices and procedures of securities industry and/or banking compliance reviews;
• Rules and regulations of the and the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA);
• AML and Sanctions regulations, including the PCMLTFA, OSFI B-8, FINTRAC Guidelines and other AML-related regulations, rules, or guidance;
• Politically Exposed Person and Head of an International Organization qualifications.
• Iinvestigative techniques, narrative disposition, and report writing;
• Securities industry knowledge and/or financial services industry experience; and
• Fundamental investment concepts, practices and procedures used in the securities industry.

Skill in

• Administering cross jurisdiction AML policies and procedures;
• Planning and scheduling work to meet organizational and regulatory requirements;
• Identify and apply appropriate compliance monitoring procedures and tests; and
• Public speaking and executive writing with the ability to articulate findings to varying audiences.

Ability to

• Interpret and apply AML regulations and identify and recommend compliance changes as appropriate;
• Work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities;
• Communicate effectively, both orally and in writing;
• Independently research and resolve issues while working across teams to acquire information;
• Provide a high level of customer service, both internally and externally to branch support;
• Establish and maintain effective professional working relationships at all levels of the organization;
• Handle highly confidential information professionally and with appropriate discretion;
• Maintain currency in anti-money laundering rules and regulations and compliance examination techniques and best practices; and
• Communicate proficiently in French and/or Mandarin is a strong asset.

Educational/Previous Experience Requirements

• Bachelor’s Degree from a four-year college or university in a related field;
• 2 years of experience in AML investigation experience is preferred; and
• Financial services industry experience.

Licenses/Certifications

• CAMS required or ability to obtain within 18 months of employment for CIU associates