Job Description

At Coast Capital, we're not dreaming about a better future, we're building one.

As a member-owned cooperative, we're helping our members with their real goals and real challenges so they can live the real life they want. It's what we've been doing for over 80 years, and it's why today we stand almost 600,000 members strong. Plus, we invest 10% of our budgeted profits back into our community - almost $90 million since 2000 alone - because when our members do well, we believe our communities should do well too.

AMLATF Analyst

Location: British Columbia (CA-BC)

Job Type: Full Time

myWork Options: Hybrid, Remote

What's the job?
The Anti-Money Laundering and Anti-Terrorist Analyst (AMLATF) is responsible for the administration of the Coast Capital Savings (CCS) anti-money laundering/anti-terrorist financing (AMLATF) program to ensure reporting compliance with various requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and related regulations(PCMLTFA/R). The incumbent must maintain current awareness and understanding of relevant legal and reporting issues to protect the interests of CCS, specifically in relation to the PCMLTFA/R due to the severe legal penalties for non-compliance.

What you'll get to do:

• Responsible for administering, recording and reporting Suspicious Transaction Reports, Terrorist Financing Reports, Large Cash Transaction Records, Electronic Funds Transfer reporting, and determination of Politically Exposed Foreign Persons
• Assign, monitor and communicate relevant due dates relating to FINTRAC reporting requirements to ensure compliance.
• Being well-versed in AMLATF, acts as a resource/consultant to all employees in relation to anti-money laundering/anti-terrorist financing compliance matters.
• Support AMLATF-related projects as required that are undertaken to ensure compliance with legislation.
• Support the AMLATF Investigator as required with the investigation and ongoing monitoring of customer accounts.
• Through studying external and internal trends, looks for results that help identify the effectiveness of our internal monitoring software, tools, and processes used to identify suspicious behaviour.
• Monitor identified high-risk customers, products, services and accounts for suspicious activity, utilizing monitoring software and any available reports, (ie: Countries of Concern lists) to detect suspicious behaviour.
• Monitor customer accounts and activity using monitoring software and any available reports, including reports from branches, to detect money laundering and/or terrorist financing activity.
• Analyze and review Large Cash Transaction Records to ensure CCS meets legal requirements relating to the collection and reporting of Large Cash Transaction Records as required by law.
• Responsible for the determination of Politically Exposed Foreign Persons (PEFP) using subscribed software. Assign PEFP for investigation when a positive determination is made.
• Responsible for making transaction disclosures on Large Cash Transaction Records, Electronic Funds Transfers, and Suspicious Transactions as required by law.
• Responsible for conducting monthly OSFI Terrorist name checks, reporting any findings to the Manager, AMLATF Compliance and preparing the required report for FiCom to be submitted by the Manager, AMLATF Compliance.
• Responsible for identifying/analyzing risks affecting CCS and making appropriate recommendations to prevent/mitigate future risks and/or improve efficiency in relation to AMLATF compliance matters.
• Responsible for providing consultative services for all internal clients in relation to the AMLATF compliance program as it relates to the completion and submission of Large Cash Transaction Reports, Electronic Funds Transfer reports and Suspicious Transaction Reports.
• As necessary, act as a liaison between CCS and FINTRAC in relation to Large Cash Transaction Reports, Electronic Funds Transfers and Suspicious Transaction Reports.

Who are we looking for?

• Minimum 1 - 3 Years of Job-Related Experience.
• 1-3 years of experience in financial institutions or the banking industry is required.
• High School Diploma plus some additional post-secondary courses. Courses related to Business Administration are recommended.
• Good communication skills, both written and verbal
• Excellent organizational and time management skills

At Coast Capital, we value diversity, equity and inclusion. We're not all the same and we like it that way. We don't just accept differences - we celebrate, support, and we thrive on them for the benefit of our employees, our members, and our community. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills.

Why join Coast Capital?

Purpose is our North Star. We look at everything through our purpose. It informs the advice we provide our members, the experiences and products we create, and the programs we build to support our employees and communities.

Committed to inclusion and engagement. We have an ongoing focus on equity, diversity, and inclusion and routinely track how we're doing, and what we need to do to keep improving. We foster a culture where everyone can feel safe to be who they really are and thrive.

A career that grows with you. We believe in developing our people and promoting from within. Many employees have spent decades, and sometimes their entire careers, with Coast Capital and have progressed from the frontlines to senior leadership.

Work where you're most effective. In 2020 the world changed, and that includes how we work. In response to COVID-19 we launched myWork, which gives employees flexibility in where they work based on the nature of their role.

Benefits that flex to the needs of you and your family. We offer comprehensive, customizable benefits for you and your family, so you can choose what fits best for you and your lifestyle.

Retirement options. We also take care of our employees once they retire. That's why we offer the choice of a defined contribution or defined benefit pension plan or RSP's.

Mortgage and auto financing benefits. Employees save thousands on their mortgages and auto loans with best-in-category benefits.

Real recognition. We recognize excellence throughout the year, through an online community that lets employees give kudos and thanks throughout the year. We're human, which means we like to have fun with events, celebrations, and recognition throughout the year.

An award winning culture. We're a Platinum member of Canada's Best Managed Companies and are regularly recognized by Canada's Most Admired Corporate Cultures and the BC Top Employers Awards.

We reinvest 10% back into the community. When we do well, our communities do well. That's why since 2000 we've invested over $90 million into our member's communities.

Double your impact. Through our employee volunteer program, Coast Capital donates $10 for every hour you volunteer to a Canadian charity or non-profit of your choice.

Equity, Diversity & Inclusion at Coast Capital

At Coast Capital, we value diversity, equity and inclusion. We're not all the same and we like it that way. We don't just accept differences - we celebrate, support, and we thrive on them for the benefit of our employees, our members, and our community. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills.

COVID-19 at Coast Capital

Coast Capital Savings is committed to the health and safety of our employees, member, and communities. With this commitment in mind, Coast Capital complies with all public health mandates (provincially and/or federally, as applicable) and has implemented various safety measures, including requiring all employees to be fully vaccinated against COVID-19, and making COVID vaccination a pre-condition to employment with Coast Capital. All successful applicants must provide acceptable evidence of full vaccination against COVID-19, before any contract of employment becomes final and binding, and before your start date can be set.

Exceptions may apply where vaccination is not possible for medical or religious reasons that are protected under Canadian human rights laws. Should successful applicants require a medical or religious accommodation related to vaccination please discuss whether an exception may apply with your Talent Acquisition Advisor.