Analyst, AML Enhanced Due Diligence

EQ Bank | Equitable Bank; Toronto; On-site; CAD 70,000 - 85,000; Full time

Job summary

A leading bank in Canada is seeking an AML/ATF Analyst to manage compliance risks and conduct name screening. The role requires strong analytical skills, experience in financial institutions, and a solid understanding of AML regulations. You will support various AML initiatives and collaborate with business units to ensure compliance. The ideal candidate is detail-oriented, able to multitask, and possesses excellent communication skills.

Qualifications

• 3-5 years' experience in a regulated financial institution in Canada.
• Knowledge of AML/ATF regulations, risks, and systems.

Responsibilities

• Perform daily name screening of clients to identify potential matches.
• Assist in managing the Bank’s PEP, high-risk, and de-market programs.
• Support the implementation and management of an effective EDD program.

Skills

Analytical Skills

Problem Solving

Communication

Interpersonal Skills

Bilingualism

Education

Post-secondary education in business or finance

Tools

Excel

Job description

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The AML/ATF department within Compliance is responsible for managing the Bank’s AML/ATF risk through effective controls. The Analyst role involves conducting name screening, AML/ATF monitoring, testing routines, assessing unusual transactions, maintaining records, and supporting the AML team and business units. The environment is fast-paced, requiring effective multitasking.

The Work

1. Perform daily name screening of clients to identify potential matches to sanctions lists and associated risks.
2. Exercise sound decision-making in customer onboarding approvals.
3. Assist in managing the Bank’s PEP, high-risk, and de-market programs.
4. Reconcile activities related to the AML program.
5. Identify trends and best practices for regulatory compliance.
6. Consolidate data to analyze results and streamline reporting.
7. Support the implementation and management of an effective EDD program.
8. Maintain regulatory records to ensure AML/ATF compliance and data integrity.
9. Escalate issues promptly to the Associate Manager.
10. Identify areas for improvement and recommend enhancements.
11. Collaborate with business units to resolve gaps.
12. Advise business units on inquiries and escalations.
13. Support AML/ATF projects and initiatives.
14. Assist in responding to inquiries and liaising with units.
15. Provide reports on testing, monitoring, and compliance progress.
16. Support monitoring and testing activities for regulatory reporting.
17. Assist in developing and maintaining AML procedures and training materials.

Let's Talk About You!

• Post-secondary education in business or finance preferred.
• 3-5 years’ experience in a regulated financial institution in Canada.
• Knowledge of AML/ATF regulations, risks, and systems.
• Experience with AML/ATF, name screening, or mortgage lending is an asset.
• Advanced Excel skills, including macros and VLOOKUPs.
• Ability to analyze data and produce reports.
• Strong analytical, research, and problem-solving skills.
• Ability to multitask and prioritize effectively.
• Excellent communication and interpersonal skills.
• AML designation (CAMS) preferred.
• Attention to detail and accuracy.
• Bilingualism (English/French) is an asset.

Additional Details

• Seniority level: Not Applicable
• Employment type: Full-time
• Job function: Finance and Sales
• Industries: Transportation, Logistics, Supply Chain, Storage