AML Operations Analyst
AML Operations Analyst
Contract Duration 12
Months
Pay Range: $30 - $45 an hour
Job
Summary:
AML Operations establishes processes to identify unusual and suspicious activities and transactions at the Bank, enterprise-wide.
The centralized team manages the daily activities related to Anti-Money Laundering, Bank Secrecy, Enhanced Due Diligence, Sanctions, and Anti-Bribery/Anti-Corruption.
Roles help to support compliance in these areas and other legislation in each jurisdiction where the client operates.
Job Description
The AML Operations Analyst I provides a range of AML analytical and/or operations process support within a defined functional area or to a business unit, in adhering to AML/BSA, Sanctions, and ABAC requirements.
In this role, you will carefully assist in implementing AML Operations initiatives to help manage regulatory risk.
Job
Responsibilities:
As an AML Operations Analyst I, you will:
Support the business internally as a specialist of a given area in AML/ATF, Sanctions/ABAC matters Conduct sound investigations end-to-end and provide AML/ATF and Sanctions/ABAC support as well as recommendations on ANL/BSA Sanctions and ABAC investigations
Support and understand risk identification, risk analysis, and risk mitigation according to the regulatory requirements and industry/business gold standard methodologies
Serve as a subject matter process expert; focus of work ranges from weekly to monthly or longer Partner as required with cross-functional teams across the client and/or external contacts
Require an understanding of a range of products and services, processes, procedures, systems, and concepts
Raise issues to appropriate level for clarity or interpretation; may lead to problem resolution
Prioritize and manage own workload in alignment with service and productivity requirements
Keep abreast of emerging issues, trends, and evolving regulatory requirements; assess potential impacts
Protect the interests of the organization; identify and manage risks, call out non-standard, high-risk transactions/activities as necessary
Follow applicable internal and external audit and regulatory requirements and may actively participate in the Audit Review process, providing recommendations and guidance
Participate fully as a member of the team, and support a positive work environment
Act as a brand ambassador for your business area/function, both internally and externally
Day to Day activities
Identify money altering or laundering.
Write up 3-4 pages, reaching out to customers and drafting correspondence.
Higher-level risk roles, everything they deal with has a high risk of money laundering.
Job Requirements
Undergraduate degree preferred
Two (2) or more years of relevant experience
Ability to collaborate and build relationships
Ability to handle confidential information with discretion
Ability to communicate well in writing and speaking
Ability to pay high attention to details
Must Haves:
2
years of AML experience
Fundamental knowledge of AML operations, standards, procedures, laws, rules and regulations
Working independently but also working as part of a team
Skill in using computer applications including MS Office
Ability to analyze, research, organize, and prioritize work while meeting multiple deadlines
Self-drive and highly motivated
Experience in high-quality business writing
Nice to Have:
Experience in banking or international banking
Professional education or certifications
Previous experience with Regulatory Reporting
Knowledge of FINTRAC and AML investigations
Benefits:
Medical, Vision, and Dental Insurance Plans
401k Retirement Fund
About the Company:
As a top 10 North American bank, our client aims to stand out from its peers by having a differentiated brand - anchored in a proven business model and rooted in a desire to give its customers, communities, and colleagues the confidence to thrive in a changing world.
Our client engages in providing financial products and services. They offer various financial products and services, telephone, Internet, and mobile banking services, retail and commercial banking services, and wealth management services. The Wholesale Banking segment provides capital markets, investment banking, corporate banking products, and investment needs to companies, governments, and institutions in financial markets.
Estimated Salary: $20 to $28 per hour based on qualifications.
Contract Duration 12
Months
Pay Range: $30 - $45 an hour
Job
Summary:
AML Operations establishes processes to identify unusual and suspicious activities and transactions at the Bank, enterprise-wide.
The centralized team manages the daily activities related to Anti-Money Laundering, Bank Secrecy, Enhanced Due Diligence, Sanctions, and Anti-Bribery/Anti-Corruption.
Roles help to support compliance in these areas and other legislation in each jurisdiction where the client operates.
Job Description
The AML Operations Analyst I provides a range of AML analytical and/or operations process support within a defined functional area or to a business unit, in adhering to AML/BSA, Sanctions, and ABAC requirements.
In this role, you will carefully assist in implementing AML Operations initiatives to help manage regulatory risk.
Job
Responsibilities:
As an AML Operations Analyst I, you will:
Support the business internally as a specialist of a given area in AML/ATF, Sanctions/ABAC matters Conduct sound investigations end-to-end and provide AML/ATF and Sanctions/ABAC support as well as recommendations on ANL/BSA Sanctions and ABAC investigations
Support and understand risk identification, risk analysis, and risk mitigation according to the regulatory requirements and industry/business gold standard methodologies
Serve as a subject matter process expert; focus of work ranges from weekly to monthly or longer Partner as required with cross-functional teams across the client and/or external contacts
Require an understanding of a range of products and services, processes, procedures, systems, and concepts
Raise issues to appropriate level for clarity or interpretation; may lead to problem resolution
Prioritize and manage own workload in alignment with service and productivity requirements
Keep abreast of emerging issues, trends, and evolving regulatory requirements; assess potential impacts
Protect the interests of the organization; identify and manage risks, call out non-standard, high-risk transactions/activities as necessary
Follow applicable internal and external audit and regulatory requirements and may actively participate in the Audit Review process, providing recommendations and guidance
Participate fully as a member of the team, and support a positive work environment
Act as a brand ambassador for your business area/function, both internally and externally
Day to Day activities
Identify money altering or laundering.
Write up 3-4 pages, reaching out to customers and drafting correspondence.
Higher-level risk roles, everything they deal with has a high risk of money laundering.
Job Requirements
Undergraduate degree preferred
Two (2) or more years of relevant experience
Ability to collaborate and build relationships
Ability to handle confidential information with discretion
Ability to communicate well in writing and speaking
Ability to pay high attention to details
Must Haves:
2
years of AML experience
Fundamental knowledge of AML operations, standards, procedures, laws, rules and regulations
Working independently but also working as part of a team
Skill in using computer applications including MS Office
Ability to analyze, research, organize, and prioritize work while meeting multiple deadlines
Self-drive and highly motivated
Experience in high-quality business writing
Nice to Have:
Experience in banking or international banking
Professional education or certifications
Previous experience with Regulatory Reporting
Knowledge of FINTRAC and AML investigations
Benefits:
Medical, Vision, and Dental Insurance Plans
401k Retirement Fund
About the Company:
As a top 10 North American bank, our client aims to stand out from its peers by having a differentiated brand - anchored in a proven business model and rooted in a desire to give its customers, communities, and colleagues the confidence to thrive in a changing world.
Our client engages in providing financial products and services. They offer various financial products and services, telephone, Internet, and mobile banking services, retail and commercial banking services, and wealth management services. The Wholesale Banking segment provides capital markets, investment banking, corporate banking products, and investment needs to companies, governments, and institutions in financial markets.
Estimated Salary: $20 to $28 per hour based on qualifications.
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