Job Description

Reporting to the Senior Manager, Compliance, the incumbent is responsible for the following:

a) Review and evaluate alerts/cases of anomalous or potentially suspicious transaction identified through backend transaction monitoring application or escalated by the front-line staff and other functions of the Bank. Conduct in-depth investigations on the potentially suspicious transaction using Bank's systems and other external resources, including search in the public domain and determine whether the transaction qualify for reporting to regulatory authorities.

b) Escalate all incidents of suspicious transactions to Manager, Compliance along with supporting investigative narratives and recommendation for reporting suspicious transactions to FINTRAC and other authorities, as required, within prescribed timelines;

c) Organize, file, and maintain records of suspicious transaction reports along with due diligence results as per the Bank's policy and procedures;

d) Conduct risk assessment of clients identified for conducting unusual/suspicious transactions and suggest client-specific controls;

e) Providing support in the identification and implementation of applicable anti-money laundering and anti-terrorist financing (AML/ATF) requirements and best industry practices;

f) Partaking and conducting inter/intra departmental training on topics pertaining to suspicious transaction reporting, high-risk client monitoring and other related issues;

g) Performing other duties or functions as assigned from time to time

Area of Responsibilities

1. Suspicious Transaction Reporting

-Review cases of potentially suspicious transactions reported from all functions and conduct investigations to make a final determination;

- Prepare due diligence reports and recommend cases of suspicious transactions to Manager, Compliance for reporting to prescribed authorities;

-Submit suspicious transaction reports on the FINTRAC's reporting portal as per the reporting guidelines; and

-Maintain records of all cases investigated as per the Bank's record retention guidelines.

2. Regulatory Reporting

-Ensure submissions of reports to regulatory authorities after obtaining

Job Types: Full-time, Fixed term contract
Contract length: 3 months

Pay: $20.00-$24.00 per hour

Expected hours: 40 per week

Additional pay:

Overtime pay
Schedule:

8 hour shift Day shift
Work Location: In person