Investigator, Financial Intelligence Unit

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

Job summary

Equitable Bank is seeking an AML Investigator to conduct risk-based investigations and support compliance initiatives. The role requires strong analytical skills, attention to detail, and a solid understanding of AML regulations. Candidates should possess post-secondary education in business or finance and have relevant experience in a regulated financial environment.

Qualifications

• Minimum of 3 years of experience in a regulated financial institution.
• AML designation (CAMS / CFCS) preferred.
• Bilingualism (English and French) is an asset.

Responsibilities

• Conduct risk-based investigations for alerts related to money laundering.
• Prepare accurate reports and maintain records of investigative actions.
• Support AML team with regulatory record-keeping duties.

Skills

Organizational skills

Analytical skills

Problem-solving skills

Interpersonal skills

Attention to detail

Communication skills

Education

Post-secondary education in business or finance

Tools

Microsoft Office

Job description

• Planning, conducting, and completing risk-based investigations for alerts identified from adverse media, name screening against PEPs, sanctions, terrorism financing, UTRs etc.
• Gathering information / intelligence from all available sources to support the suspicion of money launder, financing of terrorism or other criminal activities.
• Prepare relevant reports with utmost accuracy including documentation to support the action following the outcome of the investigation.
• Maintaining accurate records of all investigative actions and decisions taken, and ensure all information obtained is treated with confidentiality and as per the legal and regulatory requirements.
• Ensure investigations are completed within defined timelines.
• Promote and adhere to Equitable Bank’s policies and guidelines.
• Support business units by providing advice on inquiries, escalations, and / or resolutions.
• Identifies areas of improvement and makes recommendations to close gaps to the Senior Manager and communicates and works with business units to resolve identified gaps.
• Proactively identifies best practices to ensure compliance with regulatory requirements.
• Personally responsible and accountable for self development and maintaining up to date knowledge, best practices, and skills relevant for the role.
• Immediately escalates any issues, including system issues, to the Senior Manager
• Identify the major AML / ATF risk trends and provide suggestions to identify areas for focused training.
• Assists the AML Management by supporting new initiatives and requirements, as required.

Knowledge / Skill Requirements :

• Post-secondary education in business or finance with a minimum of 3 years of experience working within the at a regulated financial institution in Canada (preferably AML).
• Working knowledge of regulatory requirements for AML / ATF and sanction risk, industry best practices and / or organizational goals for AML / ATF typologies;
• Proficient knowledge of Microsoft Office (Word, Excel, and PowerPoint) and internet / web navigation
• Strong organizational skills, demonstrates ability to prioritize assignments, projects and multi-task within restricted time constraints;
• Excellent verbal and written communication skills;
• Proven analytical and problem-solving skills;
• Excellent interpersonal skills with the ability to work individually or as part of a team;
• Strong attention to detail with the ability to review one’s own work;
• AML designation (CAMS / CFCS) is preferred;
• Experience in adjudicating transaction alerts and monitoring for retail banking an asset; and
• Bilingualism is an asset (English and French).

Job Complexities / Thinking Challenges :

• The position requires the incumbent to be a self-starter and make sound decisions as efficiently as possible in identifying ML / TF risks while ensuring all banks policies, procedures and all applicable legislation is adhered to;
• Ability to work independently, with minimum supervision and perform under pressure and within tight time constraints;
• The incumbent must have a solid understanding of internal Bank’s systems, strong attention to detail and record management skills
• Authority / Decision Making / Direction Received :
• Receives direction from the Senior Manager, the Deputy CAMLO, the Chief Compliance Officer and CAMLO and other members of Senior Management as appropriate on significant regulatory, reputational risk and policy matters.

Accountability :

• Supports the AML team with the regulatory record keeping duties to maintain the effectiveness of the Bank’s AML / ATF Compliance Program and the integrity of data reported to the CAMLO, Senior Management and the Board of Directors.
• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies and developing trends to provide support and direction to business units.