Financial Crimes Specialist

Innovation Federal Credit Union•,

1d•CA$57,565 - CA$79,152

About The Position

We’re looking for a Financial Crimes Specialist to join our team! This position is integral to the function of our organization, playing a critical role in our risk management team.

Requirements

Bachelor's degree in Business, Finance, Accounting, Criminal Justice, or a related field; plus, certification in AML/ATF or Fraud (i.e. ACAM, CAMS, CFE, etc.) or commitment to obtain.
4+ years' experience in financial crimes analysis, fraud investigation or a related field, or an equivalent combination of education and experience.
Detail-oriented and risk aware, contributing to the safeguarding of our company’s assets and reputation.
Strong organizational skills with ability to meet deadlines in a fast-paced environment.
Proficient in digital literacy, including (but not limited to) critical thinking, problem solving and navigation using digital solutions.
Use and comfortability with a variety of Microsoft 365 applications (Excel, Teams, Viva, Power Automate, Power BI, Copilot).

Responsibilities

Perform enhanced due diligence and customer due diligence reviews in accordance with review schedule for high-risk clients, including politically exposed persons, complex structures and high-risk jurisdictions.
Assess customer profiles, transaction behavior, and source of funds/wealth to determine risk levels.
Analyze financial transactions and data, often complex, to identify suspicious activities including fraud and patterns indicative of money laundering or terrorist activity financing.
Conduct thorough investigations, gather evidence, document findings and escalate matters as applicable.
Identify potential deficiencies and risk situations to proactively address vulnerabilities and enhance security measures.
Incorporate updates to watchlists and regulations into ongoing reviews.
Analyze and take relevant action on adverse (or negative news) media reports.
Investigate, prepare, document and file suspicious transaction reports to FINTRAC.
Collaborate with Financial Crime team members to ensure suspicious transaction escalations are reviewed timely and minimize disruption to members’ financial well-being.
Maintain up-to-date knowledge of Innovation’s policies, practices and procedures and applicable regulatory requirements to ensure informed decision-making and operational effectiveness.
Demonstrate thorough knowledge and understanding of PCMLTFA, its regulations and FINTRAC guidance.
Stay current and update to date with financial crime tactics, regulations and technologies to encourage a learning mindset, adaptability to stay ahead of threats, and innovate continuously.