Anti-Money Laundering (AML) Compliance Specialist- term
Atlantic Central
Halifax, NS | Moncton, NB | St. John's, NL
Closed
Job Details:
Atlantic Central is currently accepting applications for an Anti-Money Laundering (AML) Compliance Specialist, 12 month contract. This position will work remotely.
Who WE Are:
Atlantic Central is the trade association for credit unions in Atlantic Canada. We deliver quality results and offer a collaborative and community focused work environment in which to do it. Our employees' wellbeing is a top priority, and we underscore that with flexible working arrangements, personal days, and even birthdays off, to enable employees' to strike a balance that works for them. We strive to create an environment where all team members have opportunities for growth and feel welcome, valued, supported and connected.
If your values align with ours, consider joining our team as an AML Compliance Specialist.
A TYPICAL WEEK:
Working as part of a team of a diverse team, the AML Compliance Specialist in our Atlantic Service Centre (ASC) for Risk Management & Compliance, serves as the subject matter expert in Canada's anti-money laundering legislation and is responsible for Verafin alert processing and case management, AML regulatory reporting, and for supporting customer organizations on all AML-related matters and activities.
This role is also the subject matter expert for non-Anti Money Laundering compliance (i.e., Canada's Anti-Spam Legislation (CASL), Foreign Account Tax Compliance Act (FATCA), Personal Information Protection and Electronic Documents Act (PIPEDA), Common Reporting Standard (CRS), and provides compliance monitoring, direction, advice, and support to customers.
·Serves as the subject matter expert on requirements pertaining to AML legislation - Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and on non-AML regulatory compliance - CASL, FACTA, PIPEDA, CRS and remediation.
·Conducts enhanced due diligence, seeks customer organization input and completes thorough case documentation. Meets with customer organizations to review cases and risk assessments and provides risk mitigation recommendations.
·Tracks and manages compliance and control issues and supports customer organizations with effective remediation planning.
·Performs analysis of account and transactional information and identifies new or pending Verafin settings that require changes. Updates Verafin settings.
·Provides compliance guidance and support in response to inquiries/requests.
·Prepares non-AML regulatory reports and filings for approval and submission.
·Stays current on compliance and AML and Verafin related changes and developments in the financial services industry and assesses the potential impacts of these changes on compliance and AML-related services.
·Identifies and make changes to the AML and compliance knowledge repository assets and the Regulatory Compliance Management framework (policies, processes, procedures, and controls) in accordance with regulatory/compliance landscape developments.
Supports the development of training content; and delivers training for relevant topics related to the overall AML and compliance function.
To BE SUCCESSFUL:
As the ideal candidate you will have Verafin user experience and have successfully completed a bachelor's degree in business administration or finance, plus have 3-5 years relevant AML compliance experience within a financial institution, preferably a credit union; or have an equivalent combination of experience and education. A Certified Anti-Money Laundering Specialist (CAMS) designation or Canadian Anti-Money Laundering Institute (CAMLI) certification will be considered an asset.
SKILLS
You have in depth knowledge of Proceeds of Crime Money Laundering Terrorist Financing Act and FINTRAC Guidelines, sound knowledge of the financial regulatory environment & requirements related to PIPEDA, FACTA, CASL, and CRS, analytical capability to solve complex problems, and influencing and consultation skills. You have strong oral and written communication skills including presentation skills, strong organizational skills and the ability to multitask; and can manage multiple deadlines and competing priorities. You demonstrate competency in working effectively with diverse stakeholder groups and interact with all levels of management and staff.
We are committed to providing a work environment that fosters inclusion, value and respect and reflects the diversity of the communities in which we live and serve. We encourage and welcome applications from traditionally underrepresented and equity-seeking groups. All qualified applicants will receive equal consideration; however, priority will be given to Canadian citizens and permanent residents. Should you require any accommodation during the recruitment process or otherwise, please notify us and we will work to meet your accessibility needs.
