Anti-Money Laundering Risk Analyst

iGaming Ontario • Toronto, ON

3d • CA$77,234 - CA$90,867 • Hybrid

About The Position

iGaming Ontario leads the Province of Ontario’s dynamic internet gaming (igaming) market that, in its third year generated $83 billion in total wagers, a 31% increase over the previous year. This resulted in $3.2 billion in total gaming revenue from over 80 gaming sites. Even more, Ontario’s igaming market sustained almost 15,000 full-time equivalent jobs across the province. To achieve these results, iGaming Ontario is guided by its vision to Lead the World’s Best Gaming Market. iGaming Ontario is seeking an Anti-Money Laundering (AML) Risk Analyst. The AML Risk Analyst is responsible for the collection and analysis of data to detect instances of suspicious transactions relating to money laundering or terrorist financing. Additionally, the AML Risk Analyst will support the execution of the iGaming Ontario Enterprise Risk Assessment Program. This includes supporting the creation and implementation of the risk assessment methodology, related systems and procedural and guidance documentation.

Requirements

• Post-secondary degree in a related field (analytics, law, finance, criminology, data mining, statistics, audit), or equivalent with 3+ years in an anti-money laundering or compliance environment.
• Understanding of the federal Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated regulations and FINTRAC reporting requirements.
• Understanding of money laundering techniques and how they can be used in the gaming industry and strategies for detecting and addressing money laundering.
• Superior knowledge and demonstrated experience in the use of computer databases/programs and office technologies (e.g., Microsoft Office, Power BI).
• Experience in interpreting and applying legislation, policies, and procedures.
• Practical knowledge in developing analytical rules, policies, and operational plans.
• Research and analytical skills to gather and analyze information, tactical analytical methods to organize, clarify and simplify data.
• Exposure to enterprise level, transactional data systems including data extraction, providing business requirements and testing.
• Ability to communicate effectively with business and technical stakeholder groups.
• Excellent organizational skills to coordinate and ensure priorities are established and deadlines are met.
• Excellent interpersonal skills for effective service delivery and to develop and maintain productive team and peer relationships.

Nice To Haves

• ACAMS designation an asset.

Responsibilities

• Support the Manager, AML Risk in obtaining and reviewing information from igaming operators and other sources to properly assess compliance with AML obligations.
• Collect, analyze, and report on relevant requirements and data from internal and external data sources.
• Provide recommendations, insights, and best practices on AML/ATF requirements and risk assessment guidelines.
• Support iGaming Ontario’s AML team with the implementation and maintenance of the iGaming Ontario AML/ATF Risk Assessment Framework, enterprise AML risk assessment methodology and related tools under the guidance and direction of senior level management.
• Maintain awareness of regulatory expectations and global industry standards with respect to risk identification and assessment and to identify developments and trends that may have an impact on risk assessment methodologies.
• Ensure that project-specific and/or ongoing data collection needs are identified and built into project delivery, while working closely with the Manager, AML Risk and information technology experts to ensure technical needs are assessed and verified.
• Communicate results and findings of system testing activities to all relevant stakeholders, including project management and information technology.
• Collaborate with other team members to identify strengths, weaknesses, opportunities, and threats in relation to the AML risk assessment program.
• Collect and analyze data to detect potential threats and vulnerabilities and to detect instances of suspicious transactions relating to money laundering or terrorist financing.

Benefits

• A comprehensive benefits program that includes dental, vision and drug coverage.
• Defined-benefit pension plan.
• Wellbeing account to support your mental, physical, and social wellbeing.
• Access to mental health benefits, free counselling, and support services.
• Professional development reimbursement.
• Paid volunteer time off.
• Paid parental leave top up.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree