Risk analyst

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

Job summary

A leading financial institution is seeking a Risk Analyst specializing in AML operations to review alerts and ensure compliance. This hybrid role requires 2 years of AML experience and demands both independent and team collaboration. Successful candidates will thrive in a high-paced environment focusing on regulatory standards.

Qualifications

• 2 years of AML experience.
• Ability to work independently and in a team.
• Motivated to learn and quick to adapt to systems.

Responsibilities

• Conduct rapid reviews of alerts triggered via algorithms.
• Assess potential risks in customer transactions.
• Escalate or close alerts based on risk assessment.

Skills

Self-driven

Teamwork

Computer savvy

Job description

Contract Duration : 16+ months (Extension possible)

Pay range : C$25 - 35 / hr

Location : Toronto, ON

Work Type : Hybrid, 2 days onsite

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.
• 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.