Senior Specialist, Compliance Quality Control
About The Position
The OneCap Compliance Quality Control Specialist operates within Meridian OneCap’s Line 1b compliance function and is responsible for independently assessing the quality and effectiveness of Anti-Money Laundering (“AML”), Anti-Terrorist Financing (“ATF”), Sanctions Compliance (“SC”), and fraud-related operational outputs. The role evaluates post‑funding documentation, reporting, and control execution to confirm adherence to internal policies, regulatory requirements, and established quality standards. This includes assessing evidentiary support, documentation defensibility, escalation quality, and the accuracy and timeliness of required reporting. The Specialist also performs targeted quality control testing over fraud-related controls and workflows that intersect with AML operations and delivers consolidated quality insights and trend reporting to the Meridian Credit Union (“Meridian”) Fraud Management & Corporate Security team. In addition, the role contributes to the ongoing development and maturity of the Quality Control (“QC”) Program, supports audit and regulatory exam readiness, identifies root causes and emerging risk trends, and recommends process, control, and reporting enhancements to strengthen overall compliance effectiveness.
Requirements
- Strong working knowledge of FINTRAC, PCMLTFA, and related regulations, with ability to apply guidance to operational activities.
- Demonstrated expertise in risk based QC/QA methodologies, including sampling, testing, defect analysis, and remediation validation.
- Proven ability to produce audit defensible QC work papers and management reporting suitable for audit and regulatory review.
- Solid understanding of fraud typologies, fraud risk assessments, fraud indicators, escalation processes, fraud control systems and strategies, and operational risk loss event reporting.
- Strong knowledge of equipment financing and leasing, including Personal Property Security Act (“PPSA”) and Perfect Money Security Interest (“PMSI”) concepts and documentation requirements.
- Strong organizational skills; able to manage competing priorities with minimal supervision.
- Working knowledge of federal and provincial privacy legislations.
- Proficient in Microsoft Office (Excel, Word, Outlook, and SharePoint).
- Excellent written and report writing skills
Nice To Haves
- French (oral and written) is an asset.
- Experience with low/no code tools like the Microsoft Power Platform and generative AI productivity tools like Microsoft Copilot is considered an asset
- Embedding & leveraging technology – Confidence and willingness to learn and integrate AI and emerging technologies into new ways of working.
- Critical Thinking – The ability to analyze, evaluate and interpret information from various sources and apply logic and problem solving to make decisions.
- Data Driven– Leverage data and insights to identify, prioritize and improve member experience and business efficiency.
- Curiosity & Flexibility – Comfortable navigating and embracing change and uncertainty, ask more questions, explore more options. Continuously learn and grow.
Responsibilities
- Execute risk-based quality control testing over AML/ATF/SC and fraud-related operational outputs in accordance with the approved QC framework.
- Perform post‑funding sampling and testing to assess documentation quality, policy/regulations adherence, evidentiary sufficiency, and reporting accuracy.
- Validate that findings, conclusions, and remediation recommendations are adequately supported and meet evidentiary and retention standards.
- Conduct QC testing over fraud-related controls, including escalation timeliness, fraud risk indicator assessment, and operational risk loss‑event reporting quality; identify trends and recommend potential control, process, or system enhancements.
- Support Fraud Management and Corporate Security (“FMCS”) to coordinate with Law Enforcement on recovery and investigation of instances of OneCap fraud. Support tactical asset recovery and fraud investigation functions as appropriate.
- Support the design, ongoing refinement, and execution of the AML/ATF/SC and Fraud Quality Control strategy, ensuring scope appropriately addresses evolving regulatory expectations and emerging ML/TF, sanctions evasion, and fraud risks.
- Act as a subject matter contributor to continuous improvement initiatives by identifying control gaps, systemic issues, and opportunities to strengthen policies, procedures, systems, and workflows.
- Coordinate responses and supporting documentation for internal audit, external audit, and regulatory exams related to MOCC Operations.
- Contribute to fraud risk assessments for new products/processes. Participate in control enhancement initiatives driven by emerging risks.
- Participate in the RSCA and assist in documentation of OneCap risks, including AML, and internal/external fraud risk.
- Maintain complete, defensible, and audit‑ready QC work papers in accordance with established standards.
- Support audit and regulatory exam activities by coordinating information requests, validating accuracy of submissions, and ensuring timely responses.
- Produce regular AML/ATF/SC and Fraud QC reporting for OneCap leadership, CAMLO/Deputy CAMLO, and applicable Meridian partners, including defect trends, root‑cause analysis, and remediation status.
- Track issues through resolution and contribute insights to governance reporting and policy and procedure enhancement initiatives.
Benefits
- Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
