Job Description

Description :

Who we are:

Meridian's dedication to helping Canadians goes beyond banking, it's about achieving a better life! Thriving communities are essential to the individual well-being of our Members and the overall well-being of Canadians.

At Meridian, we're committed to providing exceptional banking, services, security, and advice so our Members can get everything they want from their money, and their lives!

Find our story here:

Our Retail Banking Practice:

At Meridian, our vision is to be recognized as the financial institution that has the most local impact, supported by a purpose-driven value proposition to our Members.

We have a passion for Member Experience, ensuring that Meridian maintains its tradition of exceeding Member expectations and "Bringing the Member Experience to life". We deliver Advice based banking, providing tools that reduce complexity, offering information, and motivating our Members to reach their overall financial goals.

We thrive through our growth mindset - being adaptive, resilient, resourceful and creative. Our teams seek and receive feedback to continuously improve, learning from successes and mistakes. We are collaborative, highly engaged and communicate thoughts and ideas in a respectful environment. We value diversity of thoughts and promote inclusion.

Our Retail teams work alongside our partners and align financial strategies and activities to support our Members holistic financial growth - Wealth, Small Business, and Mobile Mortgage Specialists to ensure value added delivery of Member centric products/solutions.

We are driven by delivering an exceptional Member Experience and thrive within the changing landscape of the financial services industry.

About this role:

The successful candidate will be an AML/ATF professional who is seeking to advance their career through experience and a focus on self-driven personal development. The candidate will seek and recognize the ample opportunities to learn and develop as an AML/ATF professional. The candidate will thrive in a fast-paced environment, where they will be continuously challenged with new experiences and a demanding caseload. The candidate will build trust and rapport with business partners.

Key Responsibilities

Primary Functions

• Investigate and assess the risk of incidents identified by the credit union's money laundering detection programs, including automated transaction and ongoing monitoring systems, unusual activity reports, media articles, and production orders. Make appropriate file/no file decisions and prepare and submit suspicious transaction reports to FINTRAC as necessary. Devise enhanced risk management strategies for each incident as appropriate.
• Maintain proper records and audit trails of all investigative activities and dispositions for review by Quality Control and Management.
• Conduct ongoing monitoring of high-risk relationships, including PEPs and others as identified through the credit union's risk assessment systems and other processes.
• Engage line-of-business stakeholders to remediate 'know your client' and other compliance deficiencies.

Secondary Functions

• Manage and triage the AML Team's intake channels.
• Prepare and submit large cash transaction and electronic funds transfer reports.
• Conduct list-screening activities including PEP, sanctions, and negative media.
• Maintain a focus and provide continuous feedback relative to process improvements.

Knowledge, Experience and Skills

Knowledge

• Strong understanding of ML/TF typologies and risk factors, including a demonstrated appetite to keep up to date with emerging trends and risks is required.
• Strong understanding of financial products and services, operational policies, procedures, delivery systems, and risk management methodologies is required.
• Proficiency with MS Office suite (Word, Excel, PowerPoint) is required.
• Proficiency with SQL or other database management and reporting software is an asset.
• Experience working with an AML transaction monitoring/case management system/software is an asset.
• Working-level understanding and/or awareness of FINTRAC's Guidelines, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations, OSFI's Guideline B-8, the Criminal Code of Canada, and the personal Information Protection and Electronic Documents Act are an asset

Experience:

• 2+ years of experience working in financial crime-related investigations.

Education:

• CAMS, CFE, CFCS or other relevant designations are an asset.
• Relevant Post-Secondary education or equivalent experience is an asset.

Problem Solving Skills:

• Ability to multitask and judge multiple priorities in a fast-paced environment.
• Ability to apply knowledge and experience to find novel solutions to unique challenges.
• Ability to demonstrate well-reasoned judgment and critical thinking skills in unfamiliar situations.
• Ability to coach business partners through AML/ATF-related challenges and influence outcomes.

Communication Skills:

• Complete fluency in spoken and written English.
• Requires tact and diplomacy to respond to inquiries from our internal partners, external partners (regulators and other government agencies, law enforcement, etc.), internal auditors, and Members.
• The ability to clearly articulate observations/recommendations in an organized and understandable format, tailored for the target audience.
• The ability to prepare, write, and submit prescribed reports to FINTRAC.
• The ability to prepare concise reports including detailed recommendations, for distribution within the team.

Experience the Difference!

Meridian committed to promoting an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to employing a workforce that reflects the diversity of our communities and Members in which we live and serve.

Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, or disability.

Please note that due to the volume of applications, only those under consideration will be contacted for an interview.

Thank you for your interest in Meridian Credit Union.

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