Supervisor, AML Compliance

Questrade Financial Group•Toronto, ON

2d•Hybrid

About The Position

Questrade Financial Group (QFG) is a diverse financial services company that leverages cutting-edge technology and AI-driven innovation to enhance customer experiences and empower its teams. They are seeking a Supervisor, AML Compliance to join their hybrid workplace. This role is crucial for ensuring QFG complies with anti-money laundering (AML) and anti-terrorist financing (ATF) legislation, as well as internal policies. The position involves managing financial crime exposure, with a specific focus on virtual currency, and supporting the AML Enterprise Program within the MSB and virtual currency space. The ideal candidate will be a subject matter expert in AML/ATF compliance, proficient in relevant guidelines and regulations, and capable of utilizing data management systems and AI to improve AML tasks. They will also be responsible for training and supervising junior team members and upholding the highest ethical standards.

Requirements

Be a subject matter expert in QTG’s AML/ATF compliance policies and procedures.
Be proficient in with FINTRAC Guidelines for MSBs and virtual currency.
Be familiar with virtual currency regulations and risks.
Be proficient in QFG’s data management systems, including QOffice, BPS and FXL, Chainalysis and NICE Actimize.
Work cooperatively with multiple departments during investigations and other related tasks.
Navigate high volume, multidimensional datasets to identify patterns, anomalies and indicators when investigating complex cases.
Take ownership of processing and completing of all tasks as assigned.
Responsible for decision making and taking lead on ad hoc projects.
Certified Anti-Money Laundering Specialist (CAMS)
Advanced Excel, Power BI, SQL or similar skills
In-depth knowledge of virtual currencies and related legislation (or proposed legislation)
Post secondary degree/diploma in related field
3 + years experience with a MSB, virtual currency dealer or equivalent Financial Institution

Nice To Haves

AML industry continuing education courses
CSI courses, including Canadian Securities Course (CSC) and Conduct and Practices Handbook (CPH)
Regular participation in industry associations, conferences and workshops
Development of a network of professionals and peers in securities compliance, bank compliance and AML
Chainalysis certification (CRC, CKC, CISC, CCFC)

Responsibilities

Facilitate Questrade Financial Group (QFG) in complying with anti-money laundering (AML), anti-terrorist financing (ATF) legislation and complying with QFG’s internal AML/ATF policies and procedures.
Manage the financial crime exposure to the firm and all sectors Questrade Financial Group operates in, with a specialized focus on virtual currency.
Support the AML Enterprise Program of Questrade Financial Group within the MSB and virtual currency space.
Perform oversight over staff conducting AML-related case reviews and making decisions regarding the determination of suspicion.
Perform AML-related case reviews, including but not limited to, more complex issues and transactions and providing support to staff, when necessary.
Report all case results to the Director of AML and CAMLO.
File regulatory reports with FINTRAC which include suspicious transaction reports and large virtual currency transaction reports.
Maintain total administrative control over the case log/tracker to ensure timely review of all reports of suspicious activity, and case records to ensure such records are available to regulators and law enforcement on a timely basis.
Perform oversight of daily review of ongoing monitoring and transaction monitoring reports.
Evaluate and develop new reporting to enhance existing program.
Perform enhanced due diligence of high-risk clients and activities on account opening, on repapering or in connection with specific transactions referred for AML review.
Actively participate in and take minutes during committee meetings, with minimal oversight supervision.
Promote the adoption of AI and available automation to assist in completing AML tasks.
Provide training and supervision to Officers and Analysts on the AML Compliance team.
Exhibit the highest level of ethics, accountability and professionalism in all aspects of the job.