AML/ATF/Fraud Analyst

Legal & Compliance
Toronto, Ontario

AML/ATF/Fraud Analyst

Job Purpose & Summary

The AML/ATF/Fraud Analyst works effectively to execute and enhance the AML/ATF and Fraud Program at DUCA.  The AML/ATF/Fraud Analyst has a strong understanding of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (“PCMLTFA”), the associated regulations, and the patterns and trends of money laundering/terrorist financing and fraud typologies. The AML/ATF/Fraud Analyst keeps abreast of new and upcoming legislation relating to Anti-Money Laundering/Counter-Terrorist Financing.

 The AML/ATF/Fraud Analyst is responsible for accomplishing a variety of tasks and collaborating with multiple departments and third-party service providers, including but not limited to DUCA’s retail team and Member-facing employees, FINTRAC, External Auditors, and Navaera.

 This position requires someone who is able to learn and apply industry standards and regulations, is detail-oriented, has strong written and verbal communication skills, and supports the Compliance Department in promoting and fostering a compliance culture at DUCA.


Key Accountabilities & Duties

  • AML/ATF/Fraud transaction monitoring event adjudication;
  • Financial crime investigations (i.e. AML/ATF/Fraud);
  • EDD and associated periodic high-risk reviews;
  • Regulatory reporting (i.e. LCTR, EFTR, STR, TPR, SOTR);
  • Work directly with third-party service providers and Member-facing employees to maintain Member KYC information updates to comply with legislative requirements
  • Assess the risk of wire transfers being sent to/received from high-risk countries
  • Assist in coordinating and ensuring timely completion of AML training with all employees
  • Assist in the planning, testing, back-testing and implementation of system enhancements and conversions
  • Keep abreast of legislative and regulatory requirements, including the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), and remain current on organizational practices, policies, procedures and identify immediate risk concerns pertaining to legislative and regulatory requirements
  • Provide assistance, where required, during regulatory examinations and external reviews
  • Complete other duties and projects as may be assigned


Occupational Experience & Education Requirements

  • 3+ years' experience in a financial services environment with exposure to regulatory compliance
  • University degree or College Diploma in a related field
  • AML/ATF/Fraud industry experience considered an asset
  • AML/ATF/Fraud Certification/Courses considered an asset


Knowledge, Skills & Attributes

  • High level of integrity with the ability to deal with confidential and sensitive Member and employee information with a high degree of professionalism
  • Ability to work independently and cooperatively within a team and throughout the organization
  • Critical thinking and analytical skills with a focus on problem solving and continuous improvement
  • Meticulous attention to detail and very strong organizational and prioritization skills
  • Ability to interpret and operationalize regulatory requirements
  • Proficient computer skills including Microsoft Excel, Word, Outlook and use of Internet, and ability to learn other programs
  • Excellent writing and communication skills
  • Ability to work quickly and accurately, with the flexibility to deal with priorities
  • Ability to make sound decisions reflecting good judgment
  • Strong execution skills with attention to detail and focus on clear, realistic action steps and timelines
  • Ability to work effectively in the face of ambiguity, shifting priorities and multiple deadlines


Working Conditions

Normal office environment.

Department: Compliance 

Primary Location: Corporate Office

Employment Status: Full-time 

Hours per Week: 38

Job Grade Level: 4

About DUCA

DUCA exists to help people do more, be more and achieve more with their money and their lives. We’re driven by a co-operative philosophy that puts our Members (and Owners) at the centre of every decision we make, gives them a voice in how we’re run, and rewards them for their loyalty by sharing our profits.

At DUCA, we’re dedicated to creating a positive environment where our employees have growth and development opportunities, a healthy work/life balance, opportunities to give back to the community, and a focus on doing what is right for our Members. DUCA offers a competitive total compensation package including base salary, a short-term incentive (bonus) program, a comprehensive benefits program, pension plan, and employee banking benefits.

DUCA is committed to employment equity and encourages applications from all qualified candidates. Recruitment related accommodations will be provided upon request.

Qualified applicants are encouraged to submit their application. Applications must include both a resume and cover letter.

We thank all applicants but only those considered for an interview will be contacted.

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