AML/Fraud Administrator

AML/Fraud Administrator

Job Summary

Reporting to the Manager, AML, the AML/Fraud Administrator will act as the initial point of review for Anti-Money Laundering (AML) and fraud related events. Responsibilities will include ensuring compliance with anti-money laundering legislation, identifying potential money laundering/terrorist financing and fraud risks through the use of detection software, and tracking and handling fraud events detected by Central1.  The ideal candidate has a good understanding of anti-money laundering legislation and strong computer skills.

Key Duties & Responsibilities

• Ensure timely and efficient reporting of Large Cash transactions and Electronic Fund Transfers to FINTRAC
• Daily monitoring of the client screening system for Terrorist and Politically Exposed Persons, foreign and domestic
• Learn to operate the AML detection software (Navaera)
• Review alerts generated by Navaera for potential money laundering/terrorist financing
• Daily monitoring of the fraud alerts through Navaera to identify potential member fraud
• Daily monitoring of Central1’s Fraud Alert System (FAS) to identify fraud related to email money transfers, POS, and debit card fraud
• Maintain a fraud log for FAS outlining the losses, recoveries, and action taken
• Conduct enhanced risk reviews for all medium risk clients and take appropriate action
• Set up new hires with the AML training course, and track annual training results
• Manage the AML department’s email address
• Maintain a current understanding of money laundering, terrorist financing and fraud issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends
• Complete other duties and projects as may be assigned

Minimum Skills & Qualifications:

• A minimum of 2-3 years in the banking industry preferred
• University degree or College diploma
• Knowledgeable in money laundering issues and/or fraud risks
• Ability to work effectively as an individual and in a team, with minimal supervision
• Strong attention to detail and organizational skills
• Ability to maintain strict confidentiality
• High degree of computer literacy and keyboard skills
• Ability to manage multiple projects and set priorities

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 both their resume and cover letter. We thank all applicants but only those considered for an interview will be contacted.