EQ Bank | Equitable Bank

Analyst, AML Tactical Transaction Monitoring

EQ Bank | Equitable Bank

contract

Posted on:

Location Type: Hybrid

Location: Toronto • Canada

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Job Level

Junior

About the role

  • Conduct a review and adjudicate alerts generated by the internal transaction monitoring systems.
  • Conduct monitoring and testing routines of existing internal controls designed to detect unusual/suspicious activities and test for adherence to the Bank’s AML/ATF policies and procedures.
  • Consolidate data across various sources to analyze results and offer solutions to streamline future reporting where required.
  • Work with the stakeholders and assist in the preparation and filing of reports to the regulator within defined timelines and in accordance with Equitable Bank’s policies and procedures.
  • Support the AML team with the regulatory record keeping duties to maintain the effectiveness of the Bank’s AML/ATF Compliance Program and the integrity of data reported to the CAMLO, Senior Management and the Board of Directors.
  • Proactively identify best practices to ensure compliance with regulatory requirements.
  • Identify and provide recommendation(s) on areas of improvement to close gaps to the Manager.
  • Communicate and work with business units to resolve identified gaps.
  • Personally responsible and accountable for self-development and maintaining up to date knowledge, best practices, and skills relevant for the role.
  • Provide support for the planning, coordination and execution of AML/ATF projects, as required.
  • Assist the Manager in responding to inquiries and liaise with the Business Units as directed.
  • Review EFT reports daily to determine if EFT reporting is required to FINTRAC in F2R.

Requirements

  • Post-secondary education (diploma/degree).
  • Minimum of 1 to 3 years’ experience in the financial industry. Preferably exposure to regulatory compliance, risk management disciplines and best practices.
  • Working knowledge of regulatory requirements for AML/ATF and sanction systems, industry best practices and/or organizational goals for AML/ATF systems and recommend continuous improvements to processes and tools to meet these requirements.
  • Analysis, testing and/or previous AML/ATF, name screening, EFT review and mortgage lending experience considered an asset.
  • Proficient knowledge of Microsoft Office (Word, Excel and PowerPoint) and internet/web navigation.
  • Strong analytical and research skills; ability to organize and bring order to data and information, drawing conclusions and making appropriate recommendations.
  • Ability to multi-task and prioritize to meet deadlines.
  • Highly developed verbal and written communication skills with the ability to respond in a clear, concise and professional manner.
  • Bilingualism is an asset (English and French).
Benefits
  • Competitive discretionary bonus
  • Market leading RRSP match program
  • Medical, dental, vision, life, and disability benefits
  • Employee Share Purchase Plan
  • Maternity/Parental top-up while you care for your little one
  • Generous vacation policy and personal days
  • Virtual events to connect with your fellow colleagues
  • Annual professional development allowance and a comprehensive Career Development program
  • A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
regulatory compliancerisk managementAMLATFEFT reviewname screeningdata analysisreportingprocess improvementproject coordination
Soft skills
analytical skillsresearch skillsorganizational skillscommunication skillsmulti-taskingprioritizationself-developmentproblem-solvingstakeholder engagementaccountability