AML/ATF Officer

Alterna
CA - Ontario - Ottawa
October 31, 2024
Financial

Scope of Position

The AML/ATF Officer will be responsible for the daily transaction review and analysis as relates to Money Laundering and Terrorist Financing. The Officer will work closely with all relevant parties to obtain and share information and be a support and SME as required. They will complete all FINTRAC transaction reporting, analysis and execute the risk based ongoing monitoring and control testing plan. They will provide daily support to Alterna to maintain and enhance the effectiveness of compliance.

Major Responsibilities

Complete all FINTRAC transaction reporting
- Manage records of Large Cash Transaction Form submissions and Large Wire Transfer submissions from branches
- Review / Secondary Review of transaction reports
- Complete FINTRAC reports
- Ensure internal tracking reports are completed on time and accurately
- Submit the reports after the secondary review is completed
Transaction Analysis, Investigation, Reporting
- Conduct EDD investigations of High-Risk accounts.
- Transaction reports as they are produced.
- Reportable transactions submitted by branch and clearing ops
- New account reports as they are produced.
- Investigate AML/ATF and Watchlist alerts generated by Verafin
- Investigate all items deemed suspicious from analysis as well as those referred directly by other Alterna employees.
- Liaise with other departments as required to perform independent investigation.
- Apply AML/ATF transaction analysis principles
- All investigations follow a documented approach through the case management process on Verafin.
Complete all FINTRAC reports
- Review Alerts generated by Verafin, create a case and investigate all items deemed suspicious
- Daily Transactional analysis to review and assess High, Medium and Low risk clients
- Review KYC documents at account opening stage
- Liaise and support other departments as required and perform independent research
- Review PEDPs, PEFDs, HIO
- Review regulatory transaction reports to ensure required documentations are compiled and saved
- Draft Case reports for Team Lead's review
- Submit the Suspicious Transaction Reports after full investigation for secondary review
Provide daily support to Alterna Credit Union and Bank
- Respond to queries received by phone or email
- Support team leaders, branch managers, and call centre on AML compliance issues
Execute the risk based ongoing monitoring strategy
- Complete documented comprehensive member/customer/product/business process analysis
- Report review and analysis
- Documentation review/update and process
- Process review
- Detailed sample review
- Complete report

Qualifications

Education / Certifications / Experience

Post-Secondary education in a related field (business, law, economics, criminology) or equivalent experience
A minimum of 3 years of AML experience or similar role
A minimum of 4 years of banking industry experience
Successful completion of the Certified Anti-money Laundering Specialist exam or similar certification, an asset
Knowledge or Completion of banking/investment industry courses, an asset.
Knowledge or Completion of Audit related courses/certifications, an asset
Knowledge or Completion of Risk management related courses/certifications, an asset
Leadership experience considered and asset

Knowledge / Skills

Strong Excel report development skills
General working knowledge and understanding of all regulations affecting the Credit Union and Bank.
Good Knowledge in AML/ATF

About Alterna Savings

Alterna Savings and Credit Union Limited (Alterna) has delivered The Good in Banking for over 115 years creating financial services that transform lives for the better, all while giving back to our community. Alterna is made up of Alterna Savings and Credit Union Limited and its wholly owned subsidiary, Alterna Bank.

Alterna is the first full-service, member-owned cooperative financial institution outside Quebec, sharing its expertise with over 217,000 members through a network comprised of over 40 branches across Ontario, a call centre and multiple digital channels. Members and customers also benefit from an industry-leading online brokerage and investment management services.

To learn more about Alterna Savings, please visit alterna.ca, X, Facebook, Instagram, or LinkedIn.

Working at Alterna

We are incredibly proud of our corporate culture, embodying our core values: Collaboration, Integrity, and Respect, where everyone works together towards a common goal; the financial wellbeing of our employees, members, and customers. This commitment has earned us several prestigious employer awards, including the National Capital Region's Top Employers award for eight years running.

We appreciate all applicants; however, preference will be given to candidates who most closely meet the qualifications, key skills, and competencies outlined above.

Alterna is compliant with the Ontarians with Disabilities Act and our team strives to provide an accessible accommodation experience. If you have a disability and require accommodations during the recruitment process, please contact our Recruitment Team and let us know how we can accommodate you.

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Read the full job description and apply online on the recuiter's web-site

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