AML/ATF Officer
Alterna Savings•Ottawa, ON
•CA$56,760 - CA$70,000
About The Position
The AML/ATF Officer will be responsible for the daily transaction review and analysis as relates to Money Laundering and Terrorist Financing. The Officer will work closely with all relevant parties to obtain and share information and be a support and SME as required. They will complete all FINTRAC transaction reporting, analysis and execute the risk based ongoing monitoring and control testing plan. They will provide daily support to Alterna to maintain and enhance the effectiveness of compliance.
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
- Demonstrates strong critical thinking skills to analyze information, evaluate options, and make sound decisions
- Strong Excel report development skills
- General working knowledge and understanding of all regulations affecting the Credit Union and Bank.
- Good Knowledge in AML/ATF
Nice To Haves
- Successful completion of the Certified Anti-money Laundering Specialist exam or similar certification, an asset
- Knowledge or Completion of banking/investment industry courses, an asset.
- Knowledge or Completion of Audit related courses/certifications, an asset
- Knowledge or Completion of Risk management related courses/certifications, an asset
- Leadership experience considered and asset
- Experience and knowledge with Alterna processes and controls is an asset
- CAMS certified considered an asset
Responsibilities
- Complete all FINTRAC transaction reporting
- Manage records of Large Cash Transaction Form submissions and Large Wire Transfer submissions from branches
- Review / Secondary Review of transaction reports
- Complete FINTRAC reports
- Ensure internal tracking reports are completed on time and accurately
- Submit the reports after the secondary review is completed
- Conduct EDD investigations of High-Risk accounts.
- Transaction reports as they are produced.
- Reportable transactions submitted by branch and clearing ops
- New account reports as they are produced.
- Investigate AML/ATF and Watchlist alerts generated by Verafin
- Investigate all items deemed suspicious from analysis as well as those referred directly by other Alterna employees.
- Liaise with other departments as required to perform independent investigation.
- Apply AML/ATF transaction analysis principles
- All investigations follow a documented approach through the case management process on Verafin.
- Review Alerts generated by Verafin, create a case and investigate all items deemed suspicious
- Daily Transactional analysis to review and assess High, Medium and Low risk clients
- Review KYC documents at account opening stage
- Liaise and support other departments as required and perform independent research
- Review PEDPs, PEFDs, HIO
- Review regulatory transaction reports to ensure required documentations are compiled and saved
- Draft Case reports for Team Lead’s review
- Submit the Suspicious Transaction Reports after full investigation for secondary review
- Respond to 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
- Report review and analysis
- Documentation review/update and process
- Process review
- Detailed sample review
- Complete report
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
