AML QC/QA Analyst

ProViso Staffing; Toronto; On-site; CAD 60,000 - 85,000; Full time

Job summary

A leading staffing company is seeking a Quality Assurance Analyst specializing in Anti-Money Laundering (AML) for a one-year contract in Toronto. The role involves performing quality assurance for AML investigations, ensuring compliance with evolving regulations, and providing insightful analytics to support risk management. Ideal candidates will have considerable AML experience and excellent analytical and communication skills.

Qualifications

• 4+ years experience in AML investigations.
• 1 year of STR filing experience.
• Ability to process confidential information discreetly.

Responsibilities

• Perform quality assurance on AML investigation activities.
• Evaluate ML/TF risks and conduct quality checks.
• Provide trend analysis of AML findings to management.

Skills

Attention to detail

AML knowledge

Analytical skills

Communication

Tools

Microsoft Office

Excel

Job description

Candidate profile details:

• Years of experience: 4 – 8 Years
• Interaction with Stakeholders: 100% internally
• Project: AML Operation Quality Assurance
• Selling Point of the position: Advancement opportunity and growth within bank in quality control department. In a growing department looking for FTE
• Best vs Average Candidate: Strong attention to detail with AML knowledge, high performance/productivity.
• Proactiveness and go getter attitude.
• Ability to adapt to changing work environments.
• Learn quickly and adapt to new processes
• Ability to exercise sound judgment in making decisions
• Analyze, research, organize and prioritize work while meeting multiple deadlines
• Tech savvy – able to learn quickly and pick up on internal systems quickly
• How will performance be measured: Productivity metrics and overall quality.

Job Description:

• Perform a quality assurance on broad range of money laundering investigation related activities in support of Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) regulations designed to detect and report on financial-related crimes
• Evaluate ML/TF risk, by conducting quality check on cases/alerts as part of the controls of bank’s AML and ATF program
• Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
• Evaluate potentially suspicious account activity. Recognize and evaluate accounts and activity and effectively document recommendations regarding account retention and/or regulatory reporting obligations
• Provide trend analysis of AML/ATF findings and gaps to Management for review
• Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite
• Manage ambiguity and apply judgement to identify, troubleshoot and resolve ongoing business and operational issues
• Assist the QA function with developing/drafting and maintaining written policies, procedures and/or programs/frameworks to minimize compliance breaches and monitor adherence to applicable regulations/ requirement
• Prioritize and manage own workload to meet SLA requirements for service and productivity
• Represent as a project lead on projects / initiatives and/or at meetings across the organization
• Serve as a subject matter expert in a quality control function and serve as knowledge and process expert to others
• Effectively work independently with minimal supervision within a team environment to complete a common goal and prioritize daily workload to meet department objectives
• Adhere to the team policy and procedures to ensure that work is properly documented
• Ability to lead and positively influence others
• Contribute to the success of the team by willingly assisting others in the completion and performance of work activities
• Perform additional duties and participate in special projects as required

Department Overview:

• The Client Global AML department is accountable for establishing bank’s Global Anti-Money Laundering and Anti-Terrorist Financing Program (AML/ATF) to ensure that all bank’s businesses adhere with AML/ATF regulatory expectations in all jurisdictions where bank operates.
• This includes setting consistent standards across business segments that may be further tailored to specific business or jurisdictional requirements; conducting annual enterprise-wide AML risk assessments; maintaining the Global AML Policy (including Know Your Customer and Enhanced Due Diligence, record keeping & retention requirements); currency transaction and suspicious transaction monitoring and reporting; screening bank’s customers against regulatory watch lists; a hierarchy of designated AML officer functions; enterprise-wide and specialized AML training of employees; and independent AML testing. In the FIU, we conduct detection, investigation, and reporting for the money laundering program.

Shareholder:

• Prioritize and manage own workload to meet SLA requirements for service and productivity
• Consistently exercise discretion in managing correspondence, information and all matters of confidentiality; escalate issues where appropriate
• Protect the interests of the organization identify and manage risks, and escalate non-standard, high-risk transactions / activities as necessary
• Comply with applicable internal and external audit and regulatory requirements and may actively participate in Audit Reviews, providing recommendations and guidance as required.

Customer:

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

Employee / team:

• Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensure timely communication of issues/ points of interest
• Support the team by continuously enhancing knowledge / expertise in own area and participate in knowledge transfer within the team and business unit
• Keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques
• Participate in personal performance management and development activities, including cross training within own team
• Keep others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities
• Guided by practices, procedures and operating plans, makes process and capacity management decisions to ensure ongoing operations

Inclusiveness:

• At client, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and the communities in which we live and serve. If you

Must have:

• At least 4+ Years experience in AML investigations experience and with 1 year of STR filing experience
• Understanding of related regulations, such as the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA)
• Experience with a wide variety of ML/TF risks for multiple customer/product types and a solid ability to articulate the risks and your findings in a recommendation summary
• Excellent technical and computing skills: including the ability to use various searchable databases and Microsoft Office software
• Skill in using computer applications including MS Office. Proficiency in Excel is a must (manipulate data, formulas, sort
• Ability to process and handle confidential information with discretion

Nice To Have:

• AML QC/QA experience
• Prior knowledge of client processes/ systems
• Banking experience
• ACAMS certificate as an asset

Job Details

13311

Contract

1 year

Toronto