Compliance Analyst (Financial Crimes Investigation)

Toronto, Ontario

Compliance Analyst (Financial Crimes Investigation)

DUCA is looking for a Compliance Analyst (Financial Crimes Investigation) to join our dynamic Compliance team!

Job Purpose & Summary

Reporting to the Director, Compliance & Corporate Secretary, the Compliance Analyst (Financial Crimes Investigation) supports the Compliance department by conducting investigations intended to effectively mitigate risk and address all relevant regulatory requirements. This position applies their thorough understanding of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) while staying current with industry trends, fraud types and Money Laundering (ML)/Terrorist Financing (TF) types and typologies to conduct detailed and time-sensitive ML and TF related investigations. Following investigations, this position will use sound judgment to recommend risk mitigation actions and next steps. 

This position regularly collaborates with internal business units and external third-party service providers including but not limited to, senior management, branch employees, FINTRAC, FSRA, Navaera, and external auditors. 

Key Accountabilities & Duties

  • Perform and document ML/TF and high-risk investigations, along with maintaining supporting information in a timely manner.
  • Risk score identified high-risk Members to ensure they meet the criteria as high-risk accounts; complete documentation and Enhance Due Diligence (“EDD”) reviews to mitigate and manage risk exposure for high risk accounts and Member,
  • Research Member records, Member activities, and global sources to determine whether activities and behaviours indicate reasonable grounds to suspect ML/TF activities.
  • Plan, conduct, and complete risk-based investigations to determine the extent and materiality of risks the Member relationship presents; deliver reports and recommendations including identification of trends and areas for improvement.
  • Use sound judgment to recommend risk mitigation actions and next steps at the conclusion of investigations, including but not limited to, decisions on further actions to take to maintain the account relationship within DUCA’s risk tolerance level or on Member divestitures.
  • Conduct detailed metric trend analyses on investigations and high-risk accounts to support the Financial Crimes Investigator and the Director, Compliance in developing Board materials.
  • Communicate regularly with the Financial Crimes Investigator and Director, Compliance to identify challenges and obstacles related to the department’s objectives.
  • Analyzes and assesses alerts generated through negative news monitoring.
  • Assist in the planning, testing and implementation of system enhancements and conversions, where necessary.
  • Maintain a strong knowledge of legislative and regulatory requirements, including the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, and remain current on organizational practices, policies, procedures and identify immediate risk concerns pertaining to legislative and regulatory requirements.
  • Provide assistance during regulatory examinations and external reviews.
  • Complete other duties and projects as may be assigned. 

Occupational Experience & Education Requirements 

  • 3-5 years' experience in a financial services environment with exposure to regulatory compliance and investigations.
  • Post-secondary degree or diploma in a related field.
  • 2 years in the AML/Fraud industry.
  • AML/ATF Certification or courses considered an asset.
  • Fraud Certification or courses considered an asset.

 Knowledge, Skills & Attributes 

  • Expert level skills in MS Office products, specifically Word and Excel.
  • 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 make decisions independently using sound judgment, work well under pressure and shifting priorities while meeting multiple or conflicting deadlines.
  • 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.
  • Excellent verbal and written communication skills with strong interpersonal skills to successfully interact, encourage and influence at all organizational levels, including senior leadership teams.
  • Strong execution skills with attention to detail and focus on clear, realistic action steps and timelines.

 Working Conditions

  • Normal office environment.

Department: Compliance

Primary Location: Corporate Office - 5255 Yonge Street, Toronto, ON

Employment Status: Full-time

Hours per Week: 38

Job Grade Level: TBD

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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