AML Operations Analyst

18 Month Contract

Greater Toronto Area- Hybrid

Client is Top 3 Bank 

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Job Description

Representatives will be a assigned a daily file to work through, and are required to search through various client’s systems to locate transactional data, compile information, and concisely write 3-4 page review. May also be expected to draft correspondence to reach out to customers directly. High level risk role with a focus on obtaining, analyzing, and documenting anti-money laundering concerns.

 

AML Operations establishes processes to identify unusual and suspicious activities and transactions at the Bank, enterprise-wide. The centralized team manages the daily activities related to Anti-Money Laundering, Bank Secrecy, Enhanced Due Diligence, Sanctions and Anti-Bribery/Anti-Corruption. Roles help to support compliance in these areas and other legislation in each jurisdiction where client operates.

 

The AML Operations Analyst provides a range of AML analytical and/or operations process support within a defined functional area or to a business unit, in adhering to AML/BSA, Sanctions and ABAC requirements.

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In this role you will carefully assist in implementing AML Operations initiatives to help manage regulatory risk. 

As an AML Operations Analyst, you will:

• Support the business internally as a specialist of a given area in AML/ATF, Sanctions/ABAC matters Conduct sound investigations end-to-end and provide AML/ATF and Sanctions/ABAC support as well as recommendations on ANL/BSA Sanctions and ABAC investigations

• Support and understand risk identification, risk analysis and risk mitigation according to the regulatory requirements and industry / business gold standard methodologies

• Serve as a subject matter process expert; focus of work ranges from weekly to monthly or longer Partner as required with cross-functional teams across client and/or external contacts

• Require an understanding of a range of product and services, processes, procedures, systems and concepts

• Raise issues to appropriate level for clarify or interpretation; may lead problem resolution

• Prioritize and manage own workload in alignment with service and productivity requirements

• Keep abreast of emerging issues, trends and evolving regulatory requirements; assess potential impacts

• Protect the interests of the organization; identify and manage risks, call out non-standard, high-risk transactions/activities as necessary

• Follow applicable internal and external audit and regulatory requirements and may actively participate in Audit Review process, providing recommendations and guidance

• Participate fully as a member of the team, support a positive work environment Act as a brand ambassador for your business area/function and client, both internally and externally

 

Requirements

Must have:

• 3+ years AML experience

• Fundamental knowledge of AML operations, standards, procedures, laws, rules and regulations

• Working independent but also work as part of a team

• Skill in using computer applications including MS Office

• Self-drive and highly motivated

• High quality business writing Nice to have:

• Experience in banking (international included)

• Professional education or certifications

• Previous experience with Regulatory Reporting

• Knowledge FINTRAC and AML investigations​

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