AML ATF Compliance Analyst (Contract)

Why DUCA? 

We’re a vibrant, exciting credit union that lives its "profits with a purpose" philosophy in every financial transaction, product, interest rate, and community initiative we offer. Founded in 1954, DUCA has grown from a single branch credit union in Toronto to 19 branches across Southern Ontario with over 85,000 Members we are proud to serve.  

We exist to help People, Businesses and Communities Do More, Be More, and Achieve More™. 

DUCA (www.duca.com) is the fastest organically growing large Credit Union in Canada distinguished for the following: 

• Positive, un-big bank like service experience delivered through Member-facing staff in branch, on the phone (Member-Connect) and via our Mobile mortgage specialists, Wealth Management advisors and Commercial and Business Banking Account Managers. 
• Competitive rates.
• Personalized financial solutions, guidance, and service with the lowest possible fees for both Personal and Business Members.
• Profit sharing among Members.
• Multiple ways to bank—online, mobile app, phone/full-service Member Connect Contact Centre, and, of course, in-branch—DUCA is accessible 24/7 
• A community philosophy of “profits with a purpose” culminating in the creation of the DUCA Impact Lab (www.ducaimpactlab.com), a charitable foundation committed to helping the credit challenged and underbanked.  This led to DUCA's designation as a B-Corp certified organization, the first ever credit union to receive this global recognition.

A career with one of Canada’s fastest growing credit unions means you’ll find endless opportunities to make a difference with your unique abilities and perspectives. Our people live their purpose while helping others Do more, Be more and Achieve more with their money and their lives.  At DUCA, you’ll be part of a vibrant and collaborative team where you’ll be supported to excel and make an impact, no matter what role you play. 

AML/ATF Compliance Analyst (Contract)

DUCA is looking for a AML/ATF Compliance Analyst to join our growing team. 

Job Purpose & Summary 

The AML/ATF Compliance Analyst works effectively to execute and enhance the AML/ATF Compliance Program at DUCA.  The AML/ATF Compliance 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 typologies. The AML/ATF Compliance Analyst keeps abreast of new and upcoming legislation relating to Anti-Money Laundering/Counter-Terrorist Financing.

The AML/ATF Compliance 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 transaction monitoring event adjudication.
• Conducting financial crime investigations, including enhanced due diligence (EDD) and associated periodic high-risk reviews.
• Keep abreast of relevant regulatory changes and identify immediate risk concerns pertaining to legislative and regulatory requirements.
• 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.
• Utilize Navaera, adverse media tools, and related software at a proficient level.
• Understand and apply AML/ATF Procedures when required, and present findings in writing in a clear and precise manner.
• 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.
• 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 AML and Regulatory Compliance.
• University degree or College Diploma in a related field.
• AML/ATF industry experience considered an asset.
• AML/ATF Certification or courses considered an asset.

Knowledge, Skills & Attributes

• Proficient understanding of the financial crime investigation process.
• High level of integrity with the ability to deal with confidential and sensitive Member 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/hybrid environment.

Department: Legal and Compliance

Primary Location: Head Office - 5255 Yonge St, North York, ON M2N 5P8

Employment Status: Full-time 

Hours per Week: 38

Number of Vacancies: 1

Salary: The annual salary range for this position starts at $50,392. Actual annual base salaries will vary depending on relevant job-related factors such as experience, knowledge, skills, qualifications, and education/training. Depending on the position, DUCA’s total compensation package may include incentive compensation tied to company and individual performance or other 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 a resume.

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