Senior AML Analyst - to ensure efficient identification and monitoring of suspicious activities and transaction in the Bank - 27800
Job Type: Contract
Positions to fill: 1
Start Date: Nov 28, 2022
Job End Date: May 27, 2023
Pay Rate: Hourly: Negotiable
Job ID: 124771
Location: Toronto
AML Analyst -
Description: Location Address: 4 King Street W 8th Floor (4KING8) hybrid – Wednesdays onsite (flexible with that)
Contract Duration: 6 months with strong possibility of extension
Story Behind the Need
Business group:
The GBM group is in charge of governance for the bank. The main function of the AML Analyst is to ensure efficient identification and monitoring of suspicious activities and transaction in the Bank and ensure timeous reporting of suspicious transactions. The successful candidate will be supporting the UK and other regions to review their alerts.
Responsibilities:
• Investigate and assess alerts for potential money laundering risks in the Bank.
• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
• Report unusual transactions that could relate to money laundering or terrorist finance activities; may also assist with high risk customer review.
• Compile documentation in regards to suspicious activity (this includes contacting tellers, branch managers, branch operation specialist, and loan officers).
• Determine High Risk customers for Enhance Due Diligence.
• Assist in the development of in-person AML/Economic Sanctions Compliance Training for new employees.
• Advise management on current issues regarding correspondent banking.
• Conduct the reviews of the alerts and exceptions generated by the transaction monitoring, name and payment screening and negative news screening systems and/or other internal and external sources.
• Conduct UAT and BAT testing related to the automated payment and trade monitoring systems, as well as the rule enhancements.
• Assist in preparing regulatory submissions
Must Have Skills:
1) 3-5 Years in Transaction Monitoring
2) 3 years experience FIU Alert review
3) Strong experience with Excel and PowerPoint
Nice-To-Have Skills:
1) Experience with Oracle
2) Experience with SQL
3) ACAMS certificate
4) FINRA Series 7
Education:
• College Degree
Description: Location Address: 4 King Street W 8th Floor (4KING8) hybrid – Wednesdays onsite (flexible with that)
Contract Duration: 6 months with strong possibility of extension
Story Behind the Need
Business group:
The GBM group is in charge of governance for the bank. The main function of the AML Analyst is to ensure efficient identification and monitoring of suspicious activities and transaction in the Bank and ensure timeous reporting of suspicious transactions. The successful candidate will be supporting the UK and other regions to review their alerts.
Responsibilities:
• Investigate and assess alerts for potential money laundering risks in the Bank.
• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
• Report unusual transactions that could relate to money laundering or terrorist finance activities; may also assist with high risk customer review.
• Compile documentation in regards to suspicious activity (this includes contacting tellers, branch managers, branch operation specialist, and loan officers).
• Determine High Risk customers for Enhance Due Diligence.
• Assist in the development of in-person AML/Economic Sanctions Compliance Training for new employees.
• Advise management on current issues regarding correspondent banking.
• Conduct the reviews of the alerts and exceptions generated by the transaction monitoring, name and payment screening and negative news screening systems and/or other internal and external sources.
• Conduct UAT and BAT testing related to the automated payment and trade monitoring systems, as well as the rule enhancements.
• Assist in preparing regulatory submissions
Must Have Skills:
1) 3-5 Years in Transaction Monitoring
2) 3 years experience FIU Alert review
3) Strong experience with Excel and PowerPoint
Nice-To-Have Skills:
1) Experience with Oracle
2) Experience with SQL
3) ACAMS certificate
4) FINRA Series 7
Education:
• College Degree
