Be a part of something different

We may offer the same products and services as a big bank, but we couldn't be more different. We're rooted in purpose and we're on a mission to improve lives and strengthen communities. We support nearly 20,000 members and businesses digitally, over the telephone, and in-person across a network of six branches across Niagara and Haldimand.

At PenFinancial, our people are our greatest asset and our values speak for themselves: accountability, inclusivity, integrity, and respect. More than a poster on the wall, our values guide everything we do. They're values we live every single day – where everyone has a voice and where we listen. Just ask someone who works here to see what they think, and check out our latest annual report to see what we've been up to.

We provide all of our employees with a generous benefits package that includes a Living Wage salary, defined contribution pension plan and performance-based success sharing. Combine that with our commitment to contributing to the wellbeing of our employees through competitive benefits programs, wellness days and allowances for education, and it's no surprise that our employee engagement scores are consistently so strong.

Our commitment to community

We live our brand from the inside out, and our Truly Local Commitment starts with our employees. We support an inclusive, diverse, and caring internal culture. We encourage our employees to give back to the causes that are meaningful to them and their families by providing opportunities to volunteer and represent our truly local credit union through our Truly Local Ambassador program. And, we also commit to investing a portion of our profits directly back into our local communities.

We are a proud Certified B Corporation committed to doing business for good, and we choose 100% renewable energy with Bullfrog Power to support environmental sustainability.

The Compliance Analyst supports all aspects of the risk and compliance functions for the Credit Union, assisting with the preparation and management of compliance reports, systems, and controls. Focused on Anti-Money Laundering (AML) and fraud prevention, this role involves reviewing reports, monitoring member and business relationship transactions, and staying updated on regulatory and industry requirements. The Compliance Analyst plays a key role in investigating and resolving fraud alerts, ensuring compliance with AML laws, and supporting the Credit Union's broader risk management strategy.

Differentiating Accountabilities

1. Compliance

• Assist with fulfilling data requirements for periodic reviews by FSRA and FINTRAC.
• Support the Director, Risk and Compliance with compliance-related inquiries from staff.
• Recommend process improvements and solutions to prevent recurring compliance issues.

1. Anti-Money Laundering (AML)

• Review and ensure the timely submission of Large Cash Transaction and Electronic Fund Transfer Reports to FINTRAC.
• Review the Unusual Transaction Reports submitted by branches and recommend filing Suspicious Transaction Reports (STRs) when necessary.
• Respond promptly to all requests for information from the AML provider.
• Monitor changes in regulatory requirements and recommend updates.
• Ensure AML monitoring solutions are configured to appropriately risk-rate members/business relationships and monitor their activities.
• Routinely review alerts and investigate transactions, collecting necessary information from branches as required.
• Manual data entry of LCTR/EFTR and STR information, as well as missing STR data.

1. Other Responsibilities

• Act as a back-up for various risk, compliance & audit functions as needed.
• Perform other duties as assigned.

• Post-secondary education in Finance or a related field, or equivalent experience in a business/finance environment
• At least one year of experience working with FINTRAC compliance
• Knowledge of financial accounting is an asset
• Financial services experience is an asset
• Demonstrated strong interpersonal skills, including approachability, trustworthiness, flexibility, and a strong work ethic
• Ability to work effectively in a team environment with strong communication, time management, and problem-solving skills
• High attention to detail and accuracy
• Proven ability to manage and maintain confidentiality of sensitive information
• Proficient in the use of technology to enhance productivity
• Committed to continuous personal improvement and ongoing learning

Estimated hours per week: 20-30

Target Hourly Rate: $31.30

Salary will be determined based on skills, experience, education and other qualifications relevant to this position

To learn more visit https://www.penfinancial.com/careers

While we welcome all applications, only those who are selected for an interview will be contacted.

Accessibility accommodations will be made for job candidates upon request.