Risk Analyst – AML

ProViso Staffing; Toronto; On-site; CAD 60,000 - 80,000; Full time

Job summary

A leading staffing agency is seeking an Anti-Money Laundering (AML) Operations Specialist in Toronto. This role involves conducting rapid reviews of alerts, assessing transaction risks, and ensuring compliance with AML regulations within a dynamic team. Ideal candidates will possess analytical skills and relevant AML experience, with opportunities for career growth.

Qualifications

• 2 years AML experience required.
• Self-driven and motivated to learn.
• Ability to work independently and as part of a team.

Responsibilities

• Conduct rapid reviews of alerts triggered by algorithm.
• Review potential risks in customer transactions.
• Prepare assessments for escalation or closure of alerts.

Skills

Analytical skills

Attention to detail

Team collaboration

Education

Secondary Education or equivalent

Job description

Candidate Profile Details:

• 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
• Previous corporate 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
• Business writing experience

Job Details

13303

Contract

18 months

Toronto