AML Officer, AML Governance

Equitable Group; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading FinTech is seeking an AML Officer to join their Compliance team in Toronto. The role involves monitoring, testing internal controls, and assessing transactions to mitigate AML/ATF risks. Candidates should possess post-secondary education in business or finance, with 3-5 years of AML compliance experience. Strong analytical, communication, and organizational skills are essential, as well as advanced Excel proficiency.

Benefits

Competitive bonus

RRSP match

Comprehensive benefits

Employee Share Purchase Plan

Parental top-up

Generous vacation

Professional development allowance

Qualifications

• 3-5 years of AML compliance experience at a regulated Canadian financial institution.
• Knowledge of AML/ATF regulations and risk management best practices.
• Bilingualism (English and French) is an asset.

Responsibilities

• Conduct monitoring and testing of internal controls and QA reviews.
• Communicate with business units regarding AML/ATF policies.
• Assist in monitoring activities related to regulatory reports.

Skills

Analytical skills

Problem-solving skills

Communication skills

Attention to detail

Organizational skills

Education

Post-secondary education in business or finance

Tools

Excel

Job description

Join a Challenger

Being a traditional bank isn’t our thing. We believe in innovating the banking experience because Canadians deserve better options. Our team comprises inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of big challenges and redefining the future, you belong with us. You’ll work with encouraging colleagues to reach new heights. We keep things fun, ask questions, and learn together.

We are a growing family serving over 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank, with over 50 years of history. Equitable Bank's subsidiary, Concentra Bank, supports credit unions serving over six million members. Together, we manage over $125 billion in assets, driving change in Canadian banking to enrich lives. Our digital platform, eqbank.ca, has been named one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

The Work

The AML/ATF department within Compliance manages the Bank’s AML/ATF risks through effective controls. The AML Officer’s role includes conducting testing, monitoring, QA reviews, assessing transactions, reviewing STRs, and supporting business units. The environment is fast-paced, requiring effective time management.

Core Responsibilities

• Conduct monitoring and testing of internal controls and QA reviews to ensure compliance with AML/ATF policies.
• Consolidate data from various sources to analyze results and suggest improvements.
• Identify AML/ATF risk trends and recommend targeted training areas.
• Support the implementation and oversight of an effective AML/ATF program.
• Assist in monitoring activities related to regulatory reports like STRs within deadlines.
• Communicate with business units regarding AML/ATF policies and inquiries.
• Provide independent reviews to ensure compliance issues are addressed appropriately.

About You

• Post-secondary education in business or finance, with 3-5 years of AML compliance experience at a regulated Canadian financial institution.
• Knowledge of AML/ATF regulations, risk management, and industry best practices.
• Advanced Excel skills, including macros, v-lookups, and programming.
• Ability to organize data and produce metric reports.
• Strong organizational, analytical, and problem-solving skills.
• Excellent communication skills, both verbal and written.
• Attention to detail and ability to prioritize tasks.
• AML designation (CAMS) preferred.
• Experience with transaction alert adjudication and retail banking monitoring is an asset.
• Bilingualism (English and French) is an asset.

What We Offer

Competitive bonus, RRSP match, comprehensive benefits, Employee Share Purchase Plan, parental top-up, generous vacation, virtual events, professional development allowance, and a chance to be part of a leading FinTech creating innovative banking experiences.

Equitable Bank values diversity and inclusion. We support a barrier-free recruitment process and encourage accommodations. All candidates must pass criminal and credit checks. We look forward to meeting you!