Analyst, AML Enhanced Due Diligence

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

Job summary

Join a leading company as an Analyst in the AML/ATF department, responsible for managing compliance risks. You'll perform name screenings, support high-risk programs, and collaborate with various business units. The role demands strong analytical skills and effective multitasking in a fast-paced environment. Ideal candidates will have a background in business or finance, along with experience in compliance and risk management.

Qualifications

• 3-5 years’ experience in a regulated Canadian financial institution.
• Knowledge of AML/ATF regulations and best practices.

Responsibilities

• Perform daily name screening of clients and analyze hits.
• Assist in managing high-risk programs such as PEP.
• Develop and maintain AML procedures and training documents.

Skills

Analytical

Problem Solving

Communication

Interpersonal

Bilingualism

Education

Post-secondary education in business or finance

Tools

Excel

Job description

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

The Work

• Perform daily name screening of clients and analyze hits to identify potential matches with sanctions lists and other risk indicators.
• Exercise sound decision-making in customer onboarding approvals or declines.
• Assist in managing high-risk programs such as PEP and de-marketing initiatives.
• Conduct reconciliation activities related to AML compliance.
• Identify trends and best practices to ensure regulatory compliance.
• Consolidate data from various sources to analyze results and streamline reporting.
• Support the implementation and management of an effective EDD program.
• Maintain regulatory records to ensure compliance and data integrity.
• Escalate issues promptly and recommend improvements.
• Collaborate with business units to resolve gaps and provide guidance.
• Assist in AML/ATF projects, inquiries, and reporting activities.
• Develop and maintain AML procedures, training, and guidance documents.

Let's Talk About You

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