Risk analyst

Global Technical Talent; Toronto; On-site; CAD 100,000 - 125,000; Full time

Job summary

An established industry player in the financial sector seeks a dedicated Risk Analyst to join their dynamic team. In this role, you will leverage your expertise in Anti-Money Laundering (AML) to conduct rapid assessments of alerts triggered by risk factors and behaviors. Your analytical skills will be crucial in identifying potential risks in customer transactions and ensuring compliance with regulatory standards. This innovative firm is committed to providing comprehensive financial solutions, making it an exciting opportunity for professionals looking to make a meaningful impact in a fast-paced environment. Join a team that values collaboration, quality, and continuous learning, and help shape the future of banking in Canada.

Qualifications

• 2+ years of experience in AML and risk analysis.
• Ability to work independently and as part of a team.

Responsibilities

• Conduct rapid reviews of alerts triggered by algorithms.
• Ensure compliance with regulatory requirements and report findings.

Skills

AML experience

Risk management

Data analysis

Communication skills

Team collaboration

Education

Professional education or certifications

Tools

Internal banking systems

Job description

Job Title: Risk Analyst -TDJP00053503

Contract Duration: 16+ months (Extension possible)

Pay range: C$25 - 35/hr

Location: Toronto, ON

Work Type: Hybrid, 2 days onsite

Job Details

Customer:

• The Risk Analyst acts as a key resource/specialist owner or representative by providing technical subject matter expertise/analysis or operational process support on AML/ATF, Sanctions/ABAC matters.
• Contribute to the identification and implementation of new products, operating workflow, additional services/products/applications, or operational efficiencies.
• Ensure currency transaction reports, suspicious activity reports, and suspicious transaction reports are filed in accordance with regulatory requirements.
• Run and review information against various lists/guidelines to ensure accuracy and flag potential deviations and unusual activity.
• Develop and execute AML, Sanctions/ABAC reporting functions and/or produce consolidated or aggregated reporting as appropriate.

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.
• Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts.
• Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite.

Job Requirements:

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.
• The Risk Analyst supports the team by continuously enhancing knowledge/expertise in their own area and participating 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.
• Contribute to the success of the team by willingly assisting others in the completion and performance of work activities; provide training, coaching, and/or guidance as appropriate.
• Contribute to a fair, positive, and equitable environment that supports a diverse workforce.
• Act as a brand champion for your business area/function and the bank, both internally and/or externally.

Breadth & Depth:

• Require specialized expertise and perform multiple and/or diverse tasks that are highly complex, involving multiple steps, systems, and jurisdictions.
• Transactions and activities require in-depth knowledge across a broad range of variety of products, processes, or systems within their own area of specialty and where transactions could be characterized by moderate to high risk.
• Gather and analyze data to identify complex problems and escalate as required.
• Generally, interact with internal customers/partners for functions performed and/or external customers; may provide process/policy guidance to others (e.g. within the team, internal partners).
• The focus of work is weekly, monthly, and/or longer with the addition of ad-hoc and initiative-based requests, as required.
• Process subject matter expert in a range of technical processes and procedures; generally reports to a Team Manager.

Summary of Day-to-Day Accountabilities:

Candidates will be working within AML operations, conducting rapid (15-20 min) reviews of alerts that are triggered via an algorithm based on risk factors/behaviors:

• Reviewing alerts for potential risks in customer transactions.
• Writing up a 1-2 paragraph assessment on whether it should be escalated or closed.
• Working within AML operations; rapid reviews of alerts that are triggered via algorithm (based on risk factors and behaviors) (15-20 minutes).
• Customer transactions, details, and the nature of business.
• Quickly write up a 1-2 paragraph review on whether it should be escalated or closed based on the absence of risk.

Must Haves:

• 2 years of AML experience.
• Previous corporate experience.
• Self-driven and motivated to learn.
• Able to work independently but also work as part of a team.
• Computer savvy – pick up on internal systems and quick learner.

Nice to Have:

• Previous banking experience (international included).
• Professional education or certifications.
• Business writing experience.

About The Company:
Top 10 banks in Canada and North America offering comprehensive financial solutions. Providing retail, commercial, wealth management, and wholesale banking services, we help clients thrive in today's evolving market.