Risk Analyst - QA

Global Technical Talent; Toronto; Hybrid; Full time

Job summary

A leading Canadian bank seeks a Risk Analyst - Quality Assurance Analyst for a 1-year contract to support their Anti-Money Laundering and Anti-Terrorist Financing program. You will evaluate risk, perform quality checks on investigations, and contribute to compliance initiatives. The position involves a hybrid work model, requiring 2 days in the Toronto office weekly.

Benefits

Medical, Vision, and Dental Insurance Plans

401k Retirement Fund

Qualifications

• 4+ years of AML investigation experience with 1 year of STR filing experience.
• Proficiency in Excel and technical computing skills.
• Ability to handle confidential information with discretion.

Responsibilities

• Perform quality assurance for AML investigation activities.
• Evaluate suspicious account activity and conduct trend analysis.
• Assist in developing policies and maintain compliance.

Skills

Analytical Skills

Attention to Detail

Technical Skills

Communication Skills

Risk Management

Education

Bachelor's Degree in Finance, Business, or related field

ACAMS Certificate

Tools

Microsoft Office

Searchable Databases

Job description

Job Title: Risk Analyst - Quality Assurance Analyst
Contract Duration: 1 year
Pay range: C$40 - 50/hr
Location:Toronto, ON
Work Type: Hybrid, Monday, Tuesday, 2 days per week, subject to change.Monday-Friday 9 am - 5 pm/ EST
Training:5 days a week in the office, 100% first month

Department Overview:

• The Global AML department is accountable for establishing the Global Anti-Money Laundering and Anti-Terrorist Financing Program (AML/ATF) to ensure that all the businesses adhere with AML/ATF regulatory expectations in all jurisdictions where the client operates.
• This includes setting consistent standards across business segments that may be further tailored to specific business or jurisdictional requirements; conducting annual enterprise-wide AML risk assessments; maintaining the Global AML Policy (including Know Your Customer and Enhanced Due Diligence, record keeping & retention requirements); currency transaction and suspicious transaction monitoring and reporting; screening the customers against regulatory watch lists; a hierarchy of designated AML officer functions; enterprise-wide and specialized AML training of employees; and independent AML testing. In the FIU, we conduct detection, investigation, and reporting for the money laundering program.

Key Accountabilities:

• Perform a quality assurance on a broad range of money laundering investigation-related activities in support of Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) regulations designed to detect and report on financial-related crimes
• Evaluate ML/TF risk by conducting quality check on cases/alerts as part of the controls of the client's AML and ATF program
• Keep abreast of emerging issues, trends, and evolving regulatory requirements, and assess potential impacts
• Evaluate potentially suspicious account activity. Recognize and evaluate accounts and activity, and effectively document recommendations regarding account retention and/or regulatory reporting obligations
• Provide trend analysis of AML/ATF findings and gaps to Management for review
• Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite
• Manage ambiguity and apply judgment to identify, troubleshoot, and resolve ongoing business and operational issues
• Assist the QA function with developing/drafting and maintaining written policies, procedures, and/or programs/frameworks to minimize compliance breaches and monitor adherence to applicable regulations/requirements
• Prioritize and manage own workload to meet SLA requirements for service and productivity
• Represent as a project lead on projects/initiatives and/or at meetings across the organization
• Serve as a subject matter expert in a quality control function and serve as a knowledge and process expert to others
• Effectively work independently with minimal supervision within a team environment to complete a common goal and prioritize daily workload to meet department objectives
• Adhere to the team policy and procedures to ensure that work is properly documented
• Ability to lead and positively influence others
• Contribute to the success of the team by willingly assisting others in the completion and performance of work activities
• Perform additional duties and participate in special projects as required

Additional Information:
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.

Customer:

• Support the business internally as a specialist in a given area in AML/ATF, Sanctions/ABAC matters
• Conduct sound investigations and provide AML/ATF, Sanctions/ABAC, support, and recommendations on AML/BSA, Sanctions, and ABAC investigations

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 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
• Guided by practices, procedures, and operating plans, makes process and capacity management decisions to ensure ongoing operations

Inclusiveness:

• Our clientis committed to fostering an inclusive, accessible environment where all employees and customers feel valued, respected, and supported. They are dedicated to building a workforce that reflects the diversity of our customers and the communities in which we live and serve. If you

Must-Haves:

• At least 4+ Years of experience in AML investigations experience and with 1 year of STR filing experience
• Understanding of related regulations, such as the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA)
• Experience with a wide variety of ML/TF risks for multiple customer/product types and a solid ability to articulate the risks and your findings in a recommendation summary
• Excellent technical and computing skills, including the ability to use various searchable databases and Microsoft Office software. Skill in using computer applications, including MS Office. Proficiency in Excel is a must (manipulate data, formulas, sort
• Ability to process and handle confidential information with discretion

Nice to Have:

• AML QC/QA experience
• Prior knowledge of processes/ systems
• Banking experience
• ACAMS certificate as an asset

Required Experience:

• 4 - 8 years of experience

Note:

• Strong attention to detail with AML knowledge, high performance/productivity.
• Proactiveness and a go-getter attitude.
• Ability to adapt to changing work environments.
• Learn quickly and adapt to new processes
• Ability to exercise sound judgment in making decisions
• Analyze, research, organize, and prioritize work while meeting multiple deadlines
• Tech savvy – able to learn quickly and pick up on internal systems quickly

DISQUALIFIERS:Is there any information/experience on a resume that would disqualify them from consideration for this position?

• Candidate with only intake experience
• Looking at candidates close to Toronto, as they need to be office 2 days a week

Benefits:

• Medical, Vision, and Dental Insurance Plans
• 401k Retirement Fund

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

About GTT:
GTT is a minority-owned staffing firm and a subsidiary of Chenega Corporation, a Native American-owned company in Alaska. As a Native American-owned, economically disadvantaged corporation, we highly value diverse and inclusive workplaces. Our clients are Fortune 500 banking, insurance, financial services, and technology companies, along with some of the nation’s largest life sciences, biotech, utility, and retail companies across the US and Canada. We look forward to helping you land your next great career opportunity!

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