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About the Role

The AML/ATF Officer will be responsible for daily transaction review and analysis related to Money Laundering and Terrorist Financing, ensuring compliance with FINTRAC reporting and executing risk-based monitoring.

Responsibilities

• Complete all FINTRAC transaction reporting, including managing records of Large Cash Transaction and Large Wire Transfer submissions.
• Review and secondary review of transaction reports.
• Complete FINTRAC reports accurately and on time.
• Conduct Enhanced Due Diligence (EDD) investigations for High-Risk accounts.
• Investigate AML/ATF and Watchlist alerts generated by Verafin.
• Investigate all suspicious items identified through analysis or referred by employees.
• Liaise with other departments to perform independent investigations.
• Apply AML/ATF transaction analysis principles.
• Ensure all investigations follow a documented approach through the case management process on Verafin.
• Review Alerts generated by Verafin, create cases, and investigate suspicious items.
• Perform daily transactional analysis to assess High, Medium, and Low risk clients.
• Review KYC documents at account opening.
• Review PEDPs, PEFDs, HIO.
• Review regulatory transaction reports to ensure required documentation is compiled and saved.
• Draft Case reports for Team Lead review.
• Submit Suspicious Transaction Reports after full investigation for secondary review.
• Respond to AML compliance queries received by phone or email.
• Support team leaders, branch managers, and call centre on AML compliance issues.
• Complete documented comprehensive member/customer/product/business process analysis.
• Review and analyze reports.
• Review and update documentation and processes.
• Review processes.
• Conduct detailed sample reviews.
• Complete reports.

Requirements

• Post-Secondary education in a related field (business, law, economics, criminology) or equivalent experience.
• 1-3 years of AML experience or similar role.
• 1-3 years of banking industry experience.
• Knowledge or completion of banking/investment industry courses is an asset.
• Knowledge or completion of Audit related courses/certifications is an asset.
• Knowledge or completion of Risk management related courses/certifications is an asset.
• Leadership experience is considered an asset.
• Demonstrates strong critical thinking skills to analyze information, evaluate options, and make sound decisions.
• Experience and knowledge with Alterna processes and controls is an asset.
• Strong Excel report development skills.
• General working knowledge and understanding of all regulations affecting the Credit Union and Bank.
• Good knowledge in AML/ATF.

Skills

• Critical thinking
• Excel report development
• AML/ATF knowledge

Work Type

• Full Time

Experience Level

• 1-3 years of AML experience or similar role
• 1-3 years of banking industry experience

Education Level

• Post-Secondary education in a related field (business, law, economics, criminology) or equivalent experience
• Certified Anti-money Laundering Specialist exam or similar certification, an asset
• Banking/investment industry courses, an asset
• Audit related courses/certifications, an asset
• Risk management related courses/certifications, an asset

Salary/Compensations

• $56,760- $70,000

About the Company

• Alterna Savings and Credit Union Limited (Alterna) has delivered The Good in Banking® for over 115 years creating financial services that transform lives for the better, all while giving back to our community.
• Alterna is made up of Alterna Savings and Credit Union Limited and its wholly owned subsidiary, Alterna Bank.
• Alterna is the first full-service, member-owned cooperative financial institution outside Quebec, sharing its expertise with over 210,000 members through a network comprised of 40 branches across Ontario, a call centre and multiple digital channels.
• Members and customers also benefit from an industry-leading online brokerage and investment management services.
• We are incredibly proud of our corporate culture, embodying our core values: Collaboration, Integrity, and Respect, where everyone works together towards a common goal; the financial wellbeing of our employees, members, and customers.
• This commitment has earned us several prestigious employer awards, including the National Capital Region's Top Employers award for nine consecutive years.

Equal Opportunity

• We appreciate all applicants; however, preference will be given to candidates who most closely meet the qualifications, key skills, and competencies outlined above.
• Alterna is compliant with the Ontarians with Disabilities Act and our team strives to provide an accessible accommodation experience. If you have a disability and require accommodations during the recruitment process, please contact our Recruitment Team and let us know how we can accommodate you.
• Alterna does not currently use Artificial Intelligence (AI) to screen, assess, or select applicants.