Risk Analyst – AML

ProViso Staffing; Toronto; On-site; CAD 60,000 - 85,000; Full time

Job summary

A leading staffing company is looking for candidates to join an AML operations team in Toronto. This role involves conducting rapid reviews of alerts related to suspicious transactions and ensuring compliance with AML regulations. Ideal candidates will have a background in AML operations with strong analytical skills and an interest in compliance and regulatory relations.

Benefits

Career growth opportunities

Diverse work environment

Qualifications

• 2-4 years of AML operations management experience.
• Self-driven, motivated to learn, and computer savvy.

Responsibilities

• Conduct rapid reviews of alerts triggered by algorithms.
• Write assessments on whether alerts should be escalated or closed.
• Ensure compliance with regulatory requirements.

Skills

Analytical skills

Attention to detail

Curiosity

Team player

Education

Secondary Education or equivalent

Job description

• Degree / Certifications Required : Secondary Education or equivalent work experience
• Years of experience : 2-4 Years of industry, investigative or AML operations management experience
• Reason for request / why opened : volume, future work needs.
• Project Scope : Anti-Money Laundering / Compliance & Regulatory Relations
• Interaction with Stakeholders : 50%
• Team Size : 150 people
• Personality Style / Team Culture : curious, intelligent people. Motivated to work in learning environment. Interested in this area and wanting to learn and develop.
• Selling Points of Position : interesting job, work is highly varied, work in huge and growing department with High chance of career growth and being converted to permanent role.
• Background : How will performance be measured : benchmark for productivity and project control.

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 algorithm based on risk factors / behaviours
• Reviewing alerts for potential risks in customer transactions
• Writing up 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, behaviours) (15-20 minutes). Customer transactions, details, the nature of business. Quickly write up 1-2 paragraph review on whether it should be escalated or closed based on absence of risk.

Additional Job Details :

• Provide a range of analytical and / or operational process support within a defined functional area.
• Develop and maintain knowledge of relevant regulations as well as existing and emerging ML / TF, BSA, Sanctions and ABAC risk across the business.

Customer :

• Act 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 on 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

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
• Support the team by continuously enhancing knowledge / expertise in own area and participate 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-today 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 performs 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 or variety of products, processes or systems within own area of specialty and where transactions could be characterized by moderate to high risk
• Gather and analyze data to identify complex problems and escalates 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 team, internal partners)
• Focus of work is weekly, monthly and / or longer with addition of adhoc and initiative-based requests, as required
• Process subject matter expert in a range of technical processes and procedures Generally reports to a Team Manager

Must Have :

• 2 years AML experience
• Self-driven and motivated to learn
• Able to work independent 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